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Lucid Group, Inc. is forecast to remain unprofitable over the next three years, with analysts expecting its net loss to widen to $2.89 billion in 2024 ¹. However, the company's revenue is expected to grow significantly, more than quadrupling from $799 million in 2024 to $3.31 billion in 2026 ².
While there isn't a specific year projected for profitability, Lucid's plans to expand its production capacity and narrow its net loss suggest that it may achieve profitability in the latter half of the decade. The company aims to increase its annual production capacity from 34,000 vehicles to 400,000 vehicles over the next four years ².
Yes this was a.I generated to the question can Lucid become profitable
While there isn't a specific year projected for profitability, Lucid's plans to expand its production capacity and narrow its net loss suggest that it may achieve profitability in the latter half of the decade. The company aims to increase its annual production capacity from 34,000 vehicles to 400,000 vehicles over the next four years ².
Yes this was a.I generated to the question can Lucid become profitable
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.