Lucid stock forecast 2030 analysts warn about supply chain risks

Analysts warn about supply chain risks tied to Asian battery markets. According to BP’s Energy Outlook 2024 , the transition to a low-carbon energy system will require a substantial increase in the use of critical minerals, such as copper, lithium, and nickel, essential for supporting the infrastructure and assets needed for this transition. According to the report, the rapid expansion of electric vehicles is projected to reach 1.2 billion (current trajectory) to 2.1 billion (goal to reach Net Zero) by 2050, which will significantly increase the demand for batteries and in turn, higher demand for minerals like lithium and nickel. The primary purpose appears to be refinancing existing debt by repurchasing portions of their 2026 notes, effectively extending their debt maturity timeline by four years. This gives Lucid critical additional runway to scale production and potentially reach profitability before facing major debt maturities. In scenario modeling, Lucid stock forecast 2030’s bullish case sees EPS reaching $1.40 by end of decade if cost-per-vehicle drops below $45,