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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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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.