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Analysts Bullish on Lucid Group’s Sales Growth Despite Competitive Pressures
Analysts Bullish on Lucid Group’s Sales Growth Despite Competitive Pressures
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Wall Street projects a 211% surge in Lucid Group's sales over the next 18 months, driven by a 61% increase this fiscal year followed by 93% growth next year. The Optimism stems from the company's flagship Lucid Air sedan, though pricing pressures and intensifying EV competition raise questions about sustainability.
Since its 2021 debut, the Lucid Air's starting price has halved to $70,000, with premium configurations reaching $250,000. This downward pricing trend coincides with rivals flooding the market with diverse EV models, leaving Lucid reliant on a single product line while competitors expand their offerings.
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