Lucid Group Inc Stock News

Lucid Group (LCID -2.78%) is growing its electric vehicle (EV) sales rapidly right now. In 2025, analysts expect its revenues to jump by 73%, and in 2026, they anticipate an even faster growth rate approaching 100%.

Everyone wants to invest in the next Tesla (TSLA -0.71%), and an examination of analyst predictions suggests Lucid Group (LCID -0.23%) has the potential to be it. Sales are expected to grow by 73% this year, with another 96% growth expected in 2026.

It's been a rough few weeks for Lucid Group (LCID 1.83%) investors. Its shares have lost roughly 25% of their value since May 20.

OpenAI's ChatGPT has weighed in on the prospects of electric vehicle (EV) manufacturer Lucid (NASDAQ: LCID) making investors millionaires.

On the surface, Lucid Group (LCID 3.72%) has all the ingredients of a potential millionaire-maker stock. The company is tiny (with a market cap of just $6.5 billion), its products are compelling, and it enjoys a vast total addressable market as the world shifts toward clean energy and electric vehicles (EVs).

Rivian (RIVN 1.70%) and Lucid Motors (LCID 1.17%) entered 2025 in different gears. Rivian was entering a year with no major vehicle launch, stagnating deliveries, and a lack of any visible catalysts, while Lucid has strung together six consecutive quarters of record deliveries and is ramping the production of its new Gravity SUV.

Replacing 2020 and 2021 models like Nikola, Canoo and Fisker are ventures such as self-driving trucking technology firm Plus Automation. Plus is teaming up with Churchill Capital IX, one of a series of shells spearheaded by former Citigroup investment banker Michael Klein. The Plus presentation spends much time dreaming up the size of a potential market using vague math about saved labor costs.

Automotive Executive Brings Extensive Industry Experience to the Board of Directors NEWARK, Calif. , June 5, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the election of Douglas Grimm to its board of directors effective immediately.