2 Reasons Why Now Is the Time to Buy Lucid Group Stock

Headlines for electric vehicle (EV) stocks are being dominated by Tesla's robotaxi launch in Austin, Texas. Lucid Group (NASDAQ: LCID), meanwhile, had quietly lost nearly 25% of its value in 2025 before bouncing back this week on news of a deal with Uber. However, Lucid could soon reach some exciting milestones. If you're looking to buy into the next Tesla, this could be your chance.Lucid is doing a great job at mimicking Tesla's proven strategy for growth. First, it launched its luxury Air sedan and Gravity SUV platforms -- high-priced models similar to Tesla's Model S and Model X vehicles. Next, it plans to launch several more affordable vehicles to compete directly with Tesla's Model Y and Model 3 vehicles, both of which have starting prices under $50,000.When Tesla launched its affordable models, sales went on to double, then triple, in the years that followed. Today, the Model Y and Model 3 account for 90% of Tesla's vehicle revenue. By launching its own affordable models, Lucid has the opportunity to repeat this success story. According to management, these new models should start production by the end of 2026. But there's actually another catalyst that could make Lucid an even more compelling long-term buy. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool