Now the most important question: what would be a reasonable valuation anchor for LCID? Without a doubt, different analysts will value LCID differently, and price target will vary significantly. Estimating Lucid's 2030 Potential and Valuation Additionally, the company's focus on range and performance is expected to attract consumers who are looking for electric cars that can compete with traditional gasoline-powered vehicles. Moreover, Lucid is also attractive given the company's premium industry positioning: Lucid's luxury EV offerings target the high-end consumer of the market, which are less price-sensitive and more willing to pay for premium features. In my opinion, Lucid is well-positioned to take advantage of this growth, given the company's strong brand image and technology backdrop. According to a report by Precedence Research, the global EV market is projected to reach $417.35 billion by 2030, growing at a CAGR of close to 35% from 2021 to 2030. However, the change of sentiment does not necessarily change the market thesis: In fact, the EV market is expected to grow significantly in the coming years, driven by increasing consumer demand for sustainable transportation and government regulations to reduce carbon emissions. With many EV makers selling off sharply, including Lucid, Tesla, NIO ( NIO), XPeng ( XPEV), and Rivian ( RIVN), the market for electric vehicles has most certainly lost lots of its post-covid appeal.
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