For $Lucid Group (LCID.US)$ , it is still early in an indust...

For $Lucid Group(LCID.US)$ , it is still early in an industry that has tailwinds beyond 2030. I believe that Lucid will be gaining market share in the coming years. A key factor is focus on innovation and technology. The company’s 520-mile range in a single charge is an example.

Lucid also seems to be following Tesla’s strategy in terms of geographical expansion. The company has indicated that it will build a factory in China by mid-decade.

A factory in Saudi Arabia is also planned for 2025 or 2026. This is similar to Tesla building Gigafactory in all key markets. Multiple production sites will further boost deliveries visibility and provide operating leverage.

Of course, it would be unrealistic to expect positive cash flows anytime soon. The company’s own guidance estimates positive free cash flow by 2026. However, if deliveries growth remains robust coupled with improvement in vehicle level margin, LCID stock is likely to trend higher.