Every Lucid Group Investor Should Keep an Eye on This Number

Lucid Group (NASDAQ: LCID) is entering one of the most exciting years in its history. Following the recent launch of its Gravity SUV platform, analysts expect the company to more than double its sales this year. That's a big reason why shares are priced at a lofty 11 times sales.If you're betting on this growth stock, make sure you also pay attention to the metric I talk about below. Long term, it could prove just as important as sales growth. Creating and scaling an electric vehicle manufacturer is pricey. It takes billions of dollars to bring a new car model to market, and profits shouldn't be anticipated for years, if not decades. Companies like Tesla were able to achieve positive gross margins fairly early, but newcomers like Rivian have found it more difficult to turn a profit on each car sold. As the smallest of the three, Lucid remains well behind in this category.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool