Similarly, those with a lower tolerance for risk will want to avoid parking Lucid in their portfolios. Although Lucid has earned critical acclaim, there's no certainty that the enthusiasm will translate to investors on a large enough scale that it enables the company to sustain operations.
For those comfortable with a more speculative investment, Lucid may be a growth stock that's a good fit. Bulls are keen on the company's plan to expand its product line beyond its flagship offering. Lucid started production of the luxury SUV Lucid Gravity in late 2024, and the company expects to start production of its midsize vehicle in 2026.
Is Lucid profitable?
With two full years of operations under its belt as a publicly traded company, Lucid has failed to generate any semblance of a profit. In 2023 and 2024, for example, Lucid posted gross losses of $1.34 billion and $923 million, respectively. At the bottom of the income statement, the company's lack of profitability is even more striking. Lucid reported a net loss of $2.7 billion in 2024.