Lucid Group (LCID) enters the next three years under intense scrutiny. The EV maker reverse‑split its stock 1:10 on September 2, 2025 to maintain Nasdaq compliance amid a volatile tape; the shares last closed around 22.53, well below the 52‑week high of 37.30 and down 34.97% over the year. Fundamentally, scale remains the hurdle: trailing‑twelve‑month revenue stands at about 0.93B, while margins are deeply negative (profit margin −247.07%, operating margin −309.54%). Liquidity is meaningful with 2.83B in cash against 2.74B of debt and a 2.58 current ratio, but operating cash flow of −2.25B underscores the path to self‑funding is not yet secure. Headlines point to a pivot toward affordability (a confirmed new $50,000 EV and cheaper trims, including Gravity) and ongoing debate around short‑squeeze potential. Our outlook weighs execution, capital needs, and competition.

Ferrari N.V. (RACE) enters late 2025 with premium margins and a product pivot toward electrified supercars. Trailing-12-month revenue stands at $6.96B, with a 30.74% operating margin and 22.91% net margin, supporting $10.46 in diluted EPS. Shares trade near $486, within a 52‑week range of $391.54–$519.10, after a volatile spring that briefly topped $500 in February. Cash of $1.47B against $3.16B of total debt and a 1.99 current ratio indicate manageable leverage, while beta of 0.70 underscores lower volatility than the market. With quarterly revenue and earnings up 4.40% and 2.90% year over year, Ferrari maintains steady growth and a forward dividend yield of 0.69% (payout ratio 33.51%). This three‑year outlook weighs new hybrid launches, margin durability, and brand strength against macro and regulatory risks.

Porsche AG (P911.DE) enters the next three years with solid liquidity and brand strength but with earnings pressure and a slumping share price. Over the last 12 months, the stock is down 35.91% and recently closed near 40.74, well below the 50‑day and 200‑day moving averages of 44.40 and 49.06. On fundamentals, trailing 12‑month revenue is 38.78B with gross profit 9.01B and EBITDA 6.52B, yet quarterly revenue fell 11% year over year and quarterly earnings growth dropped 83.10%. Margins remain positive (operating 7.01%, net 5.58%), operating cash flow is 4.82B, and cash of 6.6B offsets part of 10.85B in debt. A 5.57% forward dividend yield comes with a 97.47% payout ratio. Strategic updates around hybrid 911 models and charging technology could be catalysts into 2026–2028.

Mercedes‑Benz Group (MBG.DE) enters Q4 2025 balancing a high dividend with a tougher operating backdrop. Over the last twelve months, revenue reached 139.35B with a profit margin of 4.89% and operating margin of 3.09%, while operating cash flow totaled 20.87B. Net income stands at 6.81B. The share trades around 51.32, down 7.87% over 52 weeks versus a 16.33% gain for the S&P 500, and sits below its 50‑day and 200‑day moving averages (52.33 and 53.83). Leverage remains considerable with 106.02B total debt (debt/equity 115.59%) against 21.21B cash and a 1.33 current ratio. The forward dividend is 4.3 per share (8.27% yield; payout ratio 60.82%). With EV launches like the C‑Class EV and product updates underway, investors are weighing income support against margin pressure and execution risk.