Lucid Group Inc

LCID

Lucid Group Inc

@elliott
6 months ago

Is Lucid's business growing?

Is The Business Growing?

Reviewing numbers and their historical performance on Flank, Lucid is growing but not consistently and only by razor thin margins. Gross revenue has grown in 2024 but net revenue has shrank. Not a classically great sign but understandable for a company in the throes of intense growth. See screenshot:

I feel that it's imperative that Lucid diversifies their business in order to keep growing. They are a self-proclaimed manufacturer of high-end luxury automobiles, but that market can't sustain a business like this, in my opinion. Lucid must aggressively pursue higher-margin and recurring revenue like licensing and after-sales service in order to bolster revenue and allow for investment in lower-margin areas like manufacturing and infrastructure.