Prediction: Lucid Is about to Shift Into a Higher Gear

There are few potential investments as intriguing as electric vehicle (EV) start-ups as the world transitions away from gasoline-powered vehicles. These start-ups have the potential to ride the wave of surging sales over the next decade, even if it's progressing more slowly in the U.S. than originally anticipated.But Lucid Group (NASDAQ: LCID), as many vehicle start-ups have learned over the years, found that developing, manufacturing, and delivering vehicles is highly challenging. There's good news for investors, however, as deliveries are gaining momentum and the potential market for its upcoming Gravity SUV is larger than some think.There was a consistent trend for Lucid investors in recent years: disappointment. While Lucid arguably produces one of the best, most luxurious, EV sedans, the sales left much to be desired. The start-up automaker coasted toward the end of 2023 only delivering 1,734 vehicles in the fourth quarter, 10% lower than the prior year. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool