Think It's Too Late to Buy Lucid Group? Here's the Biggest Reason Why There's Still Time.

Think the market is already pricing in this growth

Lucid stock remains surprisingly cheap for one obvious reason

Earlier this year, the company started duction of its Gravity SUV platform

As a category, SUVs have outsold sedans for years in the U

More than half of all vehicles sold domestically are now SUVs

Because Lucid only had a single vehicle in its previous lineup -- a sedan called the Lucid Air -- the introduction of its new Gravity SUV model essentially doubled its lineup while adding an arguably more attractive option for buyers

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Yet its valuation is stuck somewhere between the two

Excitingly, Lucid could potentially sustain its high growth rates for years to come

There's one obvious reason

Lucid remains significantly smaller than Tesla

It's also less than half the size of Rivian on a market-cap basis

This limits its access to capital -- a critical disadvantage in a capital-intensive industry

Lucid has big plans for growth

However, over the past decade alone, at least 30 EV makers have gone under

Execution risk is a real concern

S are cheap for a reason, but they're still a reasonable bet for patient and aggressive growth investors

Ryan Vanzo has no position in any of the stocks mentioned

The Motley Fool has no position in any of the stocks mentioned

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