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Lucid Motors Stock (NASDAQ: LCID)

Lucid Motors Stock (NASDAQ: LCID)

Trading for beginner - Lucid-Motors-Stock

First Published: 3 October, 2022
Last Updated: 23 November, 2022
Fact-checked by Adrian Müller

Looking to invest in the Lucid Motors stock (NASDAQ: LCID)? In this article, we will provide you with an in-depth analysis of the company, including key competitors, fundamentals, and technical analysis. We will also take a look at the Lucid Motors stock price history and give our opinion on whether or not it is a good investment. So, if you are thinking about buying Lucid Motors stocks, read on for all the information you need! 

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Table of Content

Lucid Motors Stock Live Chart and Financials

Before reading this article, have a look at the current Lucid Motors stock price and key current and historical financials of the company. You may also expand the menu options to conduct your customized analysis with additional technical indicators based on the actual market data!

Lucid Motors company profile and key competitors

Lucid Motors is an electric vehicle manufacturer that was founded in 2007. The company is headquartered in Newark, California, and has a production facility in Casa Grande, Arizona. Lucid Motors is led by CEO Peter Rawlinson, who was previously the Chief Engineer at Tesla Motors.

 

The company’s first product is the Lucid Air, which is a luxury electric sedan that is scheduled to go into production in 2020. Lucid Motors has raised over $700 million from investors such as Saudi Arabia’s Public Investment Fund, T. Rowe Price, and Fidelity Investments.

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Lucid Motors’ key competitors include Tesla Motors, Faraday Future, and NIO Inc. All three of these companies are competing in the luxury electric vehicle market. Tesla Motors is the clear leader in this space, with a market capitalization of over $50 billion. Faraday Future is a newer company that has raised over $300 million from investors such as Chinese conglomerate LeEco. NIO Inc is a Chinese company that has raised over $500 million from investors such as Tencent Holdings.

The core elements of Lucid’s strategy can be summarized as follows: (1) develop a product that competes with Tesla in terms of price, performance, and autonomous driving capabilities; (2) utilize battery cells produced in-house or sourced from the best available provider to ensure a product that is attractive to consumers; and (3) establish a manufacturing process that is scalable and cost-efficient. To compete with Tesla on all levels, Lucid has developed some key advantages.

Lucid Motors stock fundamentals

Lucid Motors is a publicly traded company. It is listed on the NASDAQ under the ticker symbol (LCID). This stock has been volatile over the past year. With the price per share soaring to over $55, it’s back down to around $15 per share. As the world enters into broader macroeconomic downturns, we must explore the fundamentals of the company to see if this is a good long-term investment.

As of 12/31/2021, The Lucid Motors balance sheet shows that they have around $2,208,717,000 in debt. This may seem like a tremendous financial burden, but when compared to their assets of $7,881,713,000, it becomes clear that they are in good financial standing.

Lucid Motors (NASDAQ: LCID) has a market cap of 26.66B as of 9/20/2022. The trend for this stock does show a decline in operating income. Although their revenues are growing, the earnings are falling into the negative at an accelerated pace. This is something potential investors should be aware of because it may not be sustainable in the long term.

However, this stock is a growth stock oriented in a competitive market with a large potential customer base. If it can capture a significant portion of this market, it will become a profitable and valuable company.

Lucid Motors, Inc., is engaged in designing, developing, manufacturing, selling, and servicing electric vehicles. The Company’s products include two fully electric luxury performance sedans named “Lucid Air.”

Lucid is confident enough to develop the prototype car within less than four years of company formation. After testing the prototype cars for almost four years, there are no doubts to prove the capability of Lucid Motors to deliver their products effectively.

The automobile manufacturing industry has been growing due to the rising demand for vehicle ownership, especially in North America and China. Therefore, Lucid is expected to gain a huge market share as the demand for EVs is increasing globally.

Lucid Motors stock technical analysis

Lucid Motors (NASDAQ: LCID) went public in 2018, and its stock price has been steadily increasing since then. The stock is currently trading at $15 per share. However, dramatic rises in the stock price have been a part of its history thus far.

The RSI indicator shows that there is no buying pressure in the market at this time, but there are no signs of overbought levels either—meaning that there could be an opportunity to buy this stock if you’re looking to invest for the long-term.

This stock is currently gradually trading down as macroeconomic fears of recessions loom. If you are confident and willing to take a risk, this would be a better entry point then buying at all-time highs. However, it’s important to understand that luxury EVs may not be a primary concern for consumers if recessions last longer than expected and fewer buyers are in the market for a new car.

Technical analysis is a method of evaluating investments by analyzing statistics related to past prices. Successful traders use many technical indicators as part of their trading strategies, including moving averages, chart patterns, and volatility.

The short-term stock price fluctuations are unpredictable and they are influenced by many macro factors. Therefore it is a better idea to invest your money in a stock that has a history of performance. You should look into the fundamental factors that influence the demand of any business you are planning to invest in and find out if the company still has some untapped potential.

Lucid Motors stock valuation

Looking at Lucid Motors’ valuation, we can see that the company is fairly valued at current levels. We believe that Lucid Motors is a risky investment and that the company’s stock price will fall.

Lucid Motors has struggled to find its footing in the electric car market, and we believe that it will continue to struggle as it attempts to enter the mass-market vehicle market. The company has yet to release an actual product. Although production is planned to begin soon, their primary focus has been focusing on concept cars and prototypes. It has also suffered from several high-level departures, including its CTO and VP of design.

We also believe that Lucid Motors’ current valuation is inflated because of hype around its upcoming product launch. While we acknowledge that this might be true, we think it is unlikely that the company will be able to meet expectations set by investors who are pricing in success before it has even proven itself on the market.

In addition, we do not see any reason why consumers would want or need a new model of car at this time when they can already buy similar models with more established brands at lower prices than what Lucid Motors seems likely to charge once they launch their first model later this year.

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If the stock continues to trade down, production goes smoothly, and consumer demand identifies Lucid as a serious player in the luxury EV market, then it might be a buy at lower levels. However, it may be overvalued even at these levels and we recommend waiting for a better entry point before investing.

Lucid Motors stock forecast

We can look at the company’s fundamentals and compare them to its competitors to get an idea of where the stock price might be headed. Lucid Motors has strong potential and is well-funded. It’s entering a market where nation-states and consumers support it. The push toward electric vehicles is only going to increase in the coming years.

However, the company is up against some tough competition. Tesla has established itself as the leader in luxury EVs and is also planning to enter the mass-market vehicle market. Other established automakers are also making the shift to electric vehicles, and they have the advantage of experience and brand recognition.

Lucid Motors needs to prove itself in the market before its stock price can start to rise. We recommend waiting to see how the company fares before investing. After 2021, the firm’s P/E ratio was -11.8. Thus, it was losing money on an earnings basis, and this is not expected to change anytime soon.

Lucid Motors stock (NASDAQ:LCID) seems overvalued at the current time, overshadowed by other players in the auto industry and by another potential, new entrants. This valuation appears to be supported by positive news within the company, including financial statements, upcoming launches, and product awards.

However, as a relatively company with a small product portfolio and limited experience in production, Lucid has not demonstrated enough stability to justify its current stock price, especially when compared to other automakers.

Lucid Motors stock latest market news

Lucid Group, the maker of battery-powered electric vehicles, again reduced its production targets in August of 2022. A shortage of parts and other logistical problems continue to reduce the number of cars the company can produce.

The company said it now has over 37,000 reservations for its Air electric luxury sedan. This equates to over $3.5 billion in potential revenue. This is a growing trend as reservations were at 30,000 back in May of 2022.

In February, the company revised its estimate for how many vehicles it would produce in 2022—from 20,000 to 12,000-14,000. A few months after, it slashed its full-year deliveries guidance for a second time, saying it now expects to deliver just 6,000 -7,000 vehicles in 2022.

To help address this startling slide in productivity the company announced that they had appointed a new senior executive to lead operations. The company has stated that it will give another update on the progress of its manufacturing plans in the coming weeks.

Lucid’s shares dropped 12% in after-hours trading following the news. If you’ve been following the news, you know that electric car startup, Lucid Motors, has had a rollercoaster ride. When it was founded in 2007, the company wanted to create an electric sportscar that would be as fast and stylish as expensive Bugatti’s and Ferrari’s, but with a price much lower than those of its competitors.

Should I buy Lucid Motors stock?

Yes, you should buy Lucid Motors stock (NASDAQ: LCID), but only if you can stomach the volatility. Growing consumer demand for its product is a good sign. However, supply chains need to be better optimized to ensure that customers receive their products on time.

They must deliver not just another EV product, but a truly impressive one, or they will continue to lose market share. Lucid Motors is a company with a lot of potential, but it still has yet to prove itself. We think the stock is a buy, but only for investors with a high-risk tolerance.

Lucid Motors is a car manufacturer that has made some impressive strides in the past few years. The company has been working on an all-electric sedan called the Lucid Air. With an expected range of 520 miles per charge and starting at $87,400 and a max power of over 1200 horsepower, the Lucid Air is one of the most anticipated electric vehicles (EV) on the market.

The company is also working on its own self-driving technology, which it plans to integrate into its cars starting in 2021. This technology will enable the car to drive itself without any input from the driver, meaning that it could theoretically be driven by an autopilot system if desired by its owner.

In addition to these two projects, Lucid Motors also plans on launching a second car model to address the SUV market. This car is called the Lucid Gravity, which adds to their product offerings.

Lucid Motors has grand plans for the future, and it seems that the company is not afraid to challenge the establishment. It is certainly a risk to invest in such an early company that many thinks will never amount to much, but if Lucid can live up to its own hype, then it could become a profitable investment. Some risks are worth taking, however, and this stock ride could be one of them.

How to buy Lucid Motors stock?

To buy Lucid Motors stock (NASDAQ: LCID), you’ll first need to open a brokerage account. You can do this by visiting one of the many online brokers available and completing an application. Once your account is open, you can then place a trade.

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To do this, you’ll need to enter the number of shares you wish to purchase, along with the price at which you’d like to buy them. There are many different brokers out there, and you can find one that’s right for your needs by looking at their fees, their services, their reputation, and more.

Once you’ve opened an account with a brokerage, you can buy Lucid Motors stock (NASDAQ: LCID) by placing a market order to purchase shares at the current market price. You’ll also need to have enough money in your account to cover the cost of buying those shares. Then all that’s left is a few clicks, and soon enough your money will be invested in a new vehicle for the future!

If you want to invest in Lucid Motors, you have several options. One possibility is a direct investment in the company itself, but of course, that nearly always presents certain logistical difficulties for most buyers.

Lucid Motors stock trading is one of the many future developments on the horizon for this company, which could potentially revolutionize how we view and use electric-powered vehicles. However, it’s important to remember that all investments such as these carry with them a significant amount of risk.

Before deciding whether or not to invest, be sure to do your own research and always consult with a financial advisor.

Where will lucid Motors be in 5 years?

The estimated future stock price of LCID will be 119.160 USD in 5 years’ time. One year from now, this investment will have increased in value by 7.44%. Many retail traders have long been drawn to electric vehicle stocks, so the next logical question is: where will the industry be in five years?

This is a difficult question to answer, as many factors can affect the future of any given industry. However, if we look at the current trend of increasing electric vehicle sales, it’s not unreasonable to expect that this trend will continue in the next five years. This would mean that Lucid Motors, as a leading electric vehicle manufacturer, would be poised to see significant growth in the next five years.

The automaker is still a work in progress, but Lucid Motors is a company you should keep an eye on. If they can continue to build vehicles with a focus on innovation, they could be poised for success—and it would serve as proof that electric vehicles have a place in consumer markets. At the very least, we’re pretty excited to see what lucid Motors will accomplish.

Is Lucid better than Tesla?

A Tesla Model S with the maximum range option travels about 405 miles between charges. For the Lucid Air, the entry-level Lucid Air Pure battery gets you 406 miles of range. The best possible mileage is 520 miles on a single charge.

In the end, Lucid has a lot to offer that Tesla doesn’t. Its smaller size, eco-friendliness, and hybrid feel are certainly tempting perks. But there is still one thing that Tesla has over Lucid—a full battery of supercharged power. So if you don’t mind dealing with a limited range and spending a little more money upfront, Tesla seems like the better choice.

Is Lucid a good long-term stock?

The electric vehicle industry faces challenges to its growth in the short term. Long-term trends, however, are encouraging: in many parts of the world, people have begun to look for alternative sources of energy. Lucid has enough cash to finance its operations for at least the next 12 months.

Lucid (NASDAQ: LCID) is a great company that could definitely turn the corner and drives revenue growth once again. It will likely convince investors to bet on them because of its ability to cut costs. We see it being a good choice for short-term investors, but not so great for long-term investors as competition will continue to grow and the cloud business becomes more popular every day.

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Will Lucid Motors be successful?

Lucid will become one of the next great automakers, but its impact on the world goes far beyond that. With their product, technology, electric motor, and incredible team—they will achieve tremendous things. The four companies listed above—Lucid, Rivian, Polestar, and Nio—have already built or announced production of zero-emissions vehicles that far outpace the competition in many ways.

Lucid Motors’ plan to compete in the electric vehicle market is a bold one, and its biggest challenges will lie ahead. It remains to be seen whether Lucid Motors can find success in the burgeoning vehicle industry, but if it does, it will be thanks to Lucid’s determination to improve upon existing technologies and set a new standard for electric vehicles.

Can Lucid be profitable?

Lucid’s largest expenses are expected to occur during 2022 and 2023. But Lucid believes it will be profitable on adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis by 2024. In addition to positive free cash flow in 2025.

It’s a tough business, and even the largest companies have run into trouble as they try to sell high-end printers to consumers at high prices. It seems easy to give up, but Lucid has an answer in the form of business-to-business sales. With this tactic, they’ll be able to continue making high-quality machines without having to worry about consumer sales. It’s not the fastest way to get the company off the ground, but it will work until consumer sales pick up.

Final Thoughts

Lucid Motors (NASDAQ: LCID) is an impressive company that has the potential to be a major player in the electric vehicle market. With its unique technology and strong team, Lucid has what it takes to succeed. However, the company faces significant challenges in the form of competition from well-established automakers. Only time will tell if Lucid can find success in this difficult industry.

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