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AI sets date when Lucid stock will trade at $10

AI sets date when Lucid stock will trade at $10
Paul L.
Stocks

An artificial intelligence (AI) tool is projecting that electric vehicle (EV) manufacturer Lucid (NASDAQ: LCID) is likely to experience extended trading below the $10 mark.

The outlook comes as LCID continues to show short-term momentum, with the stock currently targeting the $3 resistance level. As of press time, Lucid’s share price stood at $2.28, down 0.77%, though it is up over 11% in the past week.

LCID one-week stock price chart. Source: Finbold

Lucid’s path to $10

Regarding when Lucid might potentially reclaim the $10 level, Finbold sought insights from OpenAI’s ChatGPT, which estimated that the milestone could be reached sometime between 2027 and 2029.

AI outlook for Lucid stock. Source: ChatGPT

However, the estimate hinges on several optimistic assumptions and a turnaround that Lucid has yet to demonstrate. ChatGPT acknowledged that the company continues to face challenges, including high cash burn, limited vehicle deliveries, and an unclear path to profitability.

Despite significant backing from Saudi Arabia’s Public Investment Fund (PIF), Lucid has struggled to gain meaningful traction in a competitive EV market dominated by Tesla (NASDAQ: TSLA) and an expanding field of Chinese automakers.

Generally, the OpenAI tool noted that, despite current headwinds, Lucid could reach the $10 level if it hits key milestones, chief among them, the successful 2026 launch of its affordable EV and strong performance from its upcoming Gravity SUV, which could help improve margins and expand market share.

Notably, Lucid’s Q1 2025 results showed $235 million in revenue from 3,109 vehicle deliveries. The company aims to produce about 20,000 vehicles this year and ended the quarter with $5.76 billion in liquidity.

Lucid’s next move 

ChatGPT also stressed that Lucid must manage its $3 billion annual cash burn without resorting to heavy stock dilution. Securing alternative funding sources and maintaining strong support from the PIF are considered critical to sustaining investor confidence.

In the short term, the AI model does not expect Lucid to trade above $5 by the end of 2025 unless there is an unexpected surge in vehicle deliveries or a speculative retail rally. More realistically, the stock is forecasted to remain in the $2.50 to $4.50 range over the next 18 months.

Featured image via Shutterstock

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