Every Lucid Investor Should Keep an Eye on This Number

It's not hard to see how Lucid (NASDAQ: LCID) has massive long-term potential. The company delivered 3,099 vehicles last quarter, surpassing analysts' expectations by nearly 500 vehicles -- a 71% increase in deliveries over the year before. The quarter put Lucid over 10,000 vehicle deliveries on the year.Tesla, for comparison, delivered nearly a half-million vehicles last quarter alone. Lucid's growth trajectory is headed strongly in the right direction, and bullish investors believe it could one day become the next Tesla. While many investors focus on sales growth, there's another number every Lucid fan should be monitoring.It should come as no surprise to learn that countless EV start-ups have gone bankrupt over the decades. Establishing the manufacturing infrastructure to produce these vehicles requires a significant investment of billions of dollars, as well as designing vehicles that appeal to consumers. It also takes time to go from the idea stage to production, and then even more time to go from production to profitability.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool