Can Lucid stock hit $5 in 2025?

Company Performance - Lucid Motors has faced challenges in meeting production and delivery quotas since its IPO in 2021 [1] - The company produced 3,386 vehicles and delivered 3,099 in Q4 2024, with yearly production reaching 9,029 vehicles and deliveries at 10,241, surpassing its own guidance for the first time since 2022 [4] - Lucid's Q3 2024 earnings call showed significant outperformance in key financial metrics compared to analyst estimates [3] Stock Performance - Lucid's stock price was trading at $3 18 at press time, representing a 12 15% decrease since the beginning of 2024 [2] - The stock has shown notable peaks in July and August 2024, with a yearly high of$ 4 26 reached on August 26, 2024 [2][7] - To reach the $5 mark, LCID stock would need a 57 23% rally from current prices, which would represent a 17 37% upside from its yearly high [3][7] Market Position and Future Outlook - As a luxury EV manufacturer, Lucid's products are mostly unaffected by proposed EV credit cuts, as its cars were not eligible for them initially [5] - The launch of the Gravity SUV model in 2025 is expected to be a crucial revenue driver for the company [5] - If the current trajectory continues, Lucid's stock could potentially retest the$ 5 mark in the first half of 2025 [7]