10 Best Penny Stocks to Buy for the Next 5 Years

5. Lucid Group, Inc. (NASDAQ:LCID)

Year-Over-Year Revenue Growth: 39.01%

3-Year Revenue CAGR: 72.29%

Share Price: $2.09

Number of Hedge Fund Holders: 19

Lucid Group, Inc. (NASDAQ:LCID) ranks among the best penny stocks to buy for the next 5 years. On August 14, Lucid Group, Inc. (NASDAQ:LCID) introduced the Lucid Gravity X (Gravity Cross) concept, an SUV designed for both on-road and off-road driving.

The concept car was first shown at a private event on the 18th fairway of the Pebble Beach Golf Links and then it was shown to the public for the first time on August 17 at the 74th Pebble Beach Concours d’Elegance.

The Lucid Gravity X concept uses the Lucid Gravity Grand Touring as its foundation. It combines strong off-road abilities with the range and power that Lucid Group, Inc.’s (NASDAQ:LCID) vehicles are known for. This makes it an ideal vehicle for people who want to explore rough trails far from the road.

The Lucid Gravity X offers toughness and quiet performance. The front and rear have been redesigned to improve approach and departure angles. It also has a wider track, higher ride height, and custom wheels with all-terrain tires for off-road driving.

Lucid Group, Inc. (NASDAQ:LCID) is an American technology and automotive company that designs, engineers, manufactures, and sells luxury electric vehicles (EVs).