Think Lucid Group is Expensive? This Chart Might Change Your Mind.

Lucid Group (LCID -2.08%) looks expensive on multiple metrics. Shares trade at 9.1 times sales, despite the company never reaching profitability. Last quarter, its gross profit margins was deeply in the red. But don't let these numbers fool you. Shares are cheaper than they seem for one reason.Lucid Group is about to double in sizeTake a look at the chart. It's clear that from a size standpoint, Lucid has more room to grow than other EV stocks like Rivian Automotive and Tesla. And yet its valuation, at leas ...