Lucid Group has experienced a mixed performance this year. Shares of this electric vehicle (EV) stock have declined alongside competitors such as Tesla and Rivian Automotive; however, analyst expectations for Lucid’s sales growth have increased. Wall Street experts currently anticipate that the company will nearly double its sales by 2025.
This scenario may present an opportunity to invest in a high-growth stock at a reduced price. For those seeking substantial growth potential, Lucid’s prospects from 2026 onwards warrant attention.
Lucid’s stock has decreased by 17% so far in 2025 and is trading at 7.4 times its trailing sales. This valuation represents a discount compared to competitors like Tesla, but a premium over other EV makers such as Rivian. Lucid’s relative premium to Rivian is justified with the recent introduction of Lucid’s Gravity SUV platform, which is expected to contribute to nearly doubling sales this year. In contrast, Rivian is not anticipated to release any new models this year.
Owing to this projected sales growth, Lucid’s stock is trading at just 5 times forward sales. Looking further ahead, expectations are that Lucid will achieve another sales inflection point in 2026, driven by a significant development.
Last year, Lucid announced plans to begin production on three more affordable models, each priced under $50,000. At the time, this timeline appeared ambitious, especially as the Gravity SUV was not yet released. Recently, Derek Jenkins, a senior vice president at Lucid, confirmed that the company is “on track” to begin production of an affordable SUV model in 2026. He acknowledged, however, that external factors could influence this timeline.
The new Lucid model is expected to compete with Tesla’s existing Model Y and Rivian’s anticipated R2 midsize SUV. If the timeline remains unchanged, Lucid could experience a significant increase in sales growth.
Ryan Vanzo holds no position in the mentioned stocks. The Motley Fool has positions in and recommends Tesla, and follows a disclosure policy.
