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It is planned that from 2023 to 2025, the company will supply 1-2 thousand cars to the country and then increase their number to 4-7 thousand.

In 2022, the Lucid Group signed an agreement that the Saudi authorities would purchase 100,000 Lucid Air vehicles by 2030. The projected revenue by 2032 is $76 billion. This is confirmed by many pre-orders and increasing production capacity every year. According to experts, Lucid Group will start making a profit in 2024-2025. Since its listing on the stock exchange, the company has been operating at a loss. In 20, Lucid Group's financial performance was poor. Interesting facts about the #LCID (Lucid Group Inc.) Such incidents negatively affect the company's reputation and investor confidence. In 2022, the company recalled over 1,200 vehicles due to a possible wiring malfunction. Since Lucid Group has only been on the market since 2021, any event related to the company attracts the attention of investors. To predict the future price, traders need to follow the internal developments of the company. By trading stock CFDs, traders can profit from the exchange rate difference. #LCID share price is quite low but volatile, so traditional investing can be risky. The company does not pay dividends, directing all the money to its development. Following the listing, the company received 11,000 bids to purchase Lucid Air. The market capitalization of the Lucid Group in 2022 was over $37 billion. Through the listing, the company managed to earn about 4.5 billion dollars, even though, at that time, the Lucid Group had not produced a single car.

Its shares are listed on the NASDAQ under the ticker #LCID. The company went public in July 2021 through a merger with SPAC company Churchill Capital Corp IV, without an IPO. In May 2020, Lucid Motors announced its factory's completion, where the Lucid Air production began in 2021.

The money was spent on developing Lucid's first car, the Air sedan. The Fund now owns 62% of the company's shares. In 2018, the Saudi Arabian Public Investment Fund invested $1 billion in Lucid Motors. In 2013, Rawlinson left Elon Musk's company and started his production. He was the chief designer of the Model S car. The company was founded in 2007 by Peter Rawlinson, a former Tesla engineer. The Lucid Group is also developing battery technology used in Formula E cars. is an electric vehicle company headquartered in Newark, California.