10 Best Stocks Under $10 to Buy and Hold Forever

​8. Lucid Group, Inc. (NASDAQ:LCID)

Number of Hedge Fund Holders: 27

Lucid Group, Inc. (NASDAQ:LCID) is one of the Best Stocks Under $10 to Buy and Hold Forever. On March 17, Lucid Group, Inc. (NASDAQ:LCID) presented at the Bank of America Global Automotive Summit, where management outlined its strategic focus on achieving profitability.

​The company highlighted that it is aiming for single-digit revenue growth in the mid-term and high teens growth by the end of the decade. Gross margins are also expected to be positive by midterm and in the mid-teens by the end of the decade. Capital expenditure for 2026 is expected to be in the range of $1.2 billion and $1.4 billion, but is anticipated to fall as a percentage of revenue close to 2030.

​Management emphasized that they plan to achieve profitability through their technology advantage and broader line-up. The company aims for a $350 billion midsize platform market. Moreover, management also highlighted its partnerships with Uber and noted that it is focusing on shared autonomous mobility via the partnership.

​Lucid Group, Inc. (NASDAQ:LCID) is an American automotive technology company that designs, manufactures, and sells luxury electric vehicles, including the Lucid Air sedan and Gravity SUV, along with EV powertrains and battery systems, directly to consumers.