Where Will Lucid Stock Be in 3 Years?

With shares down by around 89% over the last three years, Lucid Motors (NASDAQ: LCID) has been a bad bet for its early shareholders. That said, its low price tag is sure to attract the attention of bargain hunters betting on a rebound. Will the company's future be brighter than its past? Let's discuss how changing regulations and industry dynamics could influence Lucid's stock performance over the next three years and beyond.While early drafts of President Donald Trump's "big, beautiful bill" suggested it might retain the Biden-era $7,500 electric vehicle (EV) tax credit for smaller companies, the final legislation totally axed this incentive. This is a big challenge for the automotive industry because, according to Kelley Blue Book, the average cost of an EV is roughly $9,000 more than that of a gasoline-powered car. The withdrawal of government support will hurt Lucid's effort to pivot to mass-market SUVs, such as the Lucid Earth, which is expected to start at just $48,000 when it launches in 2027. Furthermore, the loosening of emissions regulations could hurt the market for regulatory credits. In the first quarter, Lucid earned $31.5 million by selling these tradable permits to other automakers that fell short of emissions standards.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool