But with a market cap of nearly $75 billion, Lucid's stock is already priced for perfection at 34 times that sales estimate. Unfortunately, a look at the details suggests LCID is more likely to languish in the stock market junkyard. If You Do This, You Won't Have to Worry About Them, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. After all, even if it fails to become the next Tesla, further expansion over the next five years could send it to the moon again, right? How many times does Coca Cola pay dividends? Can Lucid actually grow into its frothy valuation over the next 10 years? How many employees does Lucid Group have? Where Will Lucid Motors Stock Be In 5 Years? The EV maker has beat analysts revenue as well as EPS expectations with its latest quarterly results and its recent 10-year agreement with the government of Saudi Arabia to deliver EVs could be instrumental to the stock recovery. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.39) by $0.01. Lucid Stock Price Prediction 2025 | Will it Drop. The firm has attracted investments from Tsing Capital, Mitsui, Venrock, and JAFCO. And never invest more than you can afford to lose. Lucid wants to massively expand globally and could be in line for a great short squeeze soon. To see all exchange delays and terms of use please see Barchart's disclaimer. Lucid Group Inc., formerly Churchill Capital Corp IV, is an American electric vehicle manufacturer based in Newark, California. On 18 May, Lucid Group hosted a signing event for the construction of its first-ever international production factory in Saudi Arabia. Lucid Group does not currently pay a dividend. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Remember the '80s? Tesla highlighted that its annual run rate has recently crossed 1M production this year. Lucid Motors stands out for its groundbreaking technological innovation, vertical integration and clean-sheet approach to engineering and design. Lucid Motors stock is a promising long-term EV stock that started deliveries of its first electric vehicle in late Oct. 2021 . Therefore, investors should still view Lucid as a highly speculative EV stock that trades on reservations instead of actual shipments and revenue. CCIV Lucid Motors Stock 2025 Forecast: What Investors Can Expect A high percentage of insider ownership can be a sign of company health. ARK Invest CEO/CIO Cathie Wood recently weighed in on Lucid's and Rivian's (RIVN) autonomous gameplan. Lucid Group has received a consensus rating of Hold. The company can be reached via phone at 510-648-3553 or via email at investor@lucidmotors.com. Lucid Motors will be selling hundreds of thousands of cars a year, at super-high price points, with extremely favorable margins. With a 5-year investment, the revenue is expected to be around +368.09%. Over the next five years, Lucid foresees considerable growth in production, including the introduction of an SUV, Project Gravity, in 2023. Past performance is no guarantee of future results. Therefore Lucid expects to match Tesla . Per Barrons, Wall Street analysts expect Lucids delivery numbers this year to grow more than five-fold, from 4,369 vehicles to 24,000 vehicles. Lucid Group, Inc. ( NASDAQ: LCID) announced an $8 billion universal shelf prospectus filing on Monday (August 29 th) after market close. And thats great news for other companies but not for Tesla. Therefore it should also demonstrate a highly competitive software lead against Tesla and the Chinese EV players. While one of the possible reasons for this (a slowing economy) may ease after 2023, another possible factor (competition from both Tesla and incumbent automakers) may persist. On 5 May, Lucid Group released its financial results for the first quarter of 2022 ended 31 March. But we're planning on 500K units by the end of the decade. See:https://seekingalpha.com/who-to-follow, JR Research was featured as one of Seeking Alpha's leading contributors in 2022. How much do banks charge to manage a trust? Edmunds car experts recently put the two EV makers to the test. Article printed from InvestorPlace Media, https://investorplace.com/2023/01/lcid-stock-forecast-where-will-lucid-be-in-5-years/. I have no business relationship with any company whose stock is mentioned in this article. Moreover, Business Insider reported recently that Lucid's lack of experience in software could be troubling as it intends to compete with Tesla and the Chinese EV makers. But, we will probably only have a better idea over the next five years. With projected Air deliveries rising to 36,000 and Project Gravity deliveries of 12,000, Lucid expects to sell about 48,000 vehicles in 2023. What will lucid stock be worth in 5 years? - financeband.com I wrote this article myself, and it expresses my own opinions. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. Additionally, the fact that management has supplied the projected financial figures is critical to note. On Thursday, LCID shares skidded around 4%, trading around 22.06. But many of those same EV stocks have seen their prices crash in recent months as rising interest rates drive investors away from speculative investments not yet operating at a profit. Rivian Stock Price Prediction 2025 | What To Expect? All rights reserved. Lucid Group, Inc. (NASDAQ:LCID) posted its quarterly earnings data on Wednesday, February, 22nd. Lucid is the new "range king," and is getting ready for volume production. Lucid Group's mailing address is 640 FIFTH AVENUE 12TH FLOOR, NEW YORK NY, 10019. This project demonstrates the confidence investors have in Saudi Arabia's competitiveness, its ability to create opportunity, and serve global demand for a highly complex product such as electric vehicles., We rate Lucid shares under buy/high risk. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? What is the best way to liquidate stocks? While that battle has waned, a new one seems to be rising: one involving electric vehicles (EVs). You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. When is Lucid Group's next earnings date? I was previously an Executive Director with a global financial services corporation. 3 High-Growth Stocks That Could Be Worth $1 Trillion in 10 Years -- or It expects AMP-1's Phase 2 expansion, which recently started, to increase that capacity to 90,000 vehicles in 2023. Assume that LCID stock will stay in neutral, not accelerate, over the next five years. The P/E ratio of Lucid Group is -6.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. We design, jointly manufacture, and sell smart and connected premium electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. It's a distinction that CEO Peter Rawlinson has envisioned from the start to build the "best car in the world." But this is no longer true. Lucid Stock Failing To Scale, We See 60% More Downside As a former Tesla executive, Rawlinson often compares Lucid to his old company when discussing in-house technologies and the future of electric cars. Should you keep money in the bank during recession? If the same 57% growth estimate is used, the stock will reach $66 by the year 2023. The company's average rating score is 2.33, and is based on 3 buy ratings, 2 hold ratings, and 1 sell rating. The Motley Fool owns shares of and recommends Tesla. Lucid Motors Is Set Up To Surpass Tesla Nov 22. Lucid Motors is in line for a huge 2022. ARK believes that Tesla will reach an automotive gross margin of 60% upon a successful robotaxi ramp by then. But that isn't surprising, since Tesla also endured the same growing pains over the past decade. Source: Around the World Photos / Shutterstock.com, [Editors note: Where Will Lucid Motors Be in 5 Years? was previously published in June 2021. (from Herbert Diess LinkedIn post), Recently, Tesla also unveiled its AI training chip at its AI day in August. That would represent an incredible 49.5% CAGR over eight years. We've got a Casa Grande capacity planned out to 365,000 units. Similar to Tesla's approach, Lucid expects to transition from only selling luxury vehicles to also offering more-affordable models, which it expects to introduce in 2025. Lucid stock in 2030 is Maximum Price is of . Elon Musk mentioned recently that he considers his Chinese EV peers as Tesla's strongest competitors. quotes delayed at least 15 minutes, all others at least 20 minutes. Its Air Grand Touring Performance Range was anticipated to be available for deliveries from June 2022. Lucid Group (Nasdaq:LCID) - Stock Price, News & Analysis - Simply Wall St The 5 Year Outlook for Lucid Motors In 2022, they plan on expanding to the European markets, and Canada. The consensus among Wall Street analysts is that investors should "hold" LCID shares. For all intents and purpose, in five years, Lucid will be where Tesla was around 2019 or 2020. We have no experience to date in high volume manufacture of our vehicles. The LCID stock price has the potential to reach $57.80 in the next year. Pick No. 5 Hypergrowth Stocks With 10X Potential in 2023, Lucids reservation figures have been trending lower, Even if Block Beats on Earnings, Stay Away From SQ Stock, Louis Navellier and the InvestorPlace Research Staff, Rare Stock Indicators Show the Market Is About to Skyrocket, 3 Stocks to Buy Before They Become the Next Trillion-Dollar Companies, Ideanomics (IDEX) Stock Surges 90% Ahead of Possible Delisting, 7 High-Yield Dividend Stocks to Buy and Hold Forever, The 7 Best Dividend Stocks to Buy for May 2023, Stock Market Crash Alert: Mark Your Calendars for May 3. By 2026, however, management expects SUV deliveries of about 134,000 to outnumber Air deliveries (about 42,000). Lucid has made a splash as the first electric vehicle to receive an EPA range estimate of more than 500 miles. . Expect LCID to continue languishing in the stock market junkyard, Source: Around the World Photos / Shutterstock.com. The vehicle . Sign-up to receive the latest news and ratings for Lucid Group and its competitors with MarketBeat's FREE daily newsletter. Where Will Netflix's Stock Be in 5 Years? | The Motley Fool In 2018, the Public Investment Fund of Saudi Arabia invested $1 billion in Lucid Motors. ET. This means it may be maxing out its underlying tech. It seems like their software strategy has not been moving in sync with its advances in powertrain and battery. It was all according to plan. EV jolts: Big gains for Fisker and Lucid while Tesla goes in reverse again, Unusual Put Option Trade in Lucid Group (LCID) Worth $1,136.00K, Lucid begins testing on its 'Gravity' All-Electric SUV, Lucid's new electric SUV hits the roads for testing, Lucid's Upcoming Gravity Luxury Electric SUV Hits the Road in Latest Phase of Development and Testing, Lucid Group adds three new members to its board, Lucid Announces New Board Members, Sherif Marakby, Chabi Nouri, and Ori Winitzer, Lucid Group (NASDAQ:LCID) Shares Down 4.1%, 2023 Lucid Air Touring: A Much Maligned EV Deserves a Second Look, Why Lucid Group Stock Is Trading Lower Today, Lucid Joins the United Nations Global Compact, Hot Stocks: Citi rises on earnings; LCID down on weak Q1 deliveries; RIVN falls on downgrade; EXPR gains; PNC, BA slides, Stocks making the biggest moves before the bell: JPMorgan Chase, Wells Fargo, PNC, Lucid, Express & more, S&P 500 Futures Decline in Premarket Trading; Lucid Group, Boeing Lag, Tesla rival Lucid plagued with demand issues, Lucid Group's stock fell after preliminary Q1 deliveries fell short of expectations. The Motley Fool has a disclosure policy. Which credit score is most important TransUnion or Equifax? And in fact, Lucid proved its range and performance were superior. Several equities analysts have issued research reports on the Lucid stock value in 2022. Therefore, there's a lot for Lucid to prove from here in terms of its production capability. Lucid IPO took place on July 26, 2021, priced at $15 a share, raising $4.5 billion and valuing the company at $24 billion. I was the Battalion Second-in-command of an Armored Regiment. Lucid at current prices sports a $16 billion market cap, against trailing 12 month losses of around $1.9 billion, and a tangible book value of $3.2 billion. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LCID, but not buy additional shares or sell existing shares. Lucid Group trades on the NASDAQ under the ticker symbol "LCID.". However, merely hitting current expectations may be tough to achieve. We cannot simply consider that Lucid operates in the same market as Tesla did more than ten years ago. According to Wallet Investor, Lucid Group stock could be in the range of $57.511 to $58.461 by January 2027. As the company scales operations, its selling general and administrative (SG&A) expenses grew 69% on the previous year $131.7m in Q1 2021 compared to $223.2m for Q1 2022. If you are looking for stocks with good return, Lucid Group Inc. Based on our forecasts, a long-term increase is expected, the "LCID" stock price prognosis for 2027-02-01 is 128.398 USD. Lucid stock price reached an all-time high of $55.21 per share on November 19, 2021, and as of April 2023, the stock price was around $8.03 per share, 47% lower than its IPO price. Therefore, optimism surrounding LCID stock is expected. The Next Big Move With Lucid Stock May Take Time Earnings per share (EPS) came in at -$0.05 better than analysts expectations of -$0.29, based on data by Seeking Alpha. Nov 29. Lucid Group Inc., an electric-vehicle startup, is now crossed Ford Motor Co. in market value. I am not receiving compensation for it (other than from Seeking Alpha). Rawlinson added: The next step will be to advance that software. For one, while production may be set to ramp up, its unclear whether there is sufficient demand for Lucid to sell into. Fundamentally, we are constructive on the Lucid story and its position in the EV/car of the future theme., The difference between trading assets and CFDs. Is this happening to you frequently? NFL Draft 2023: How much each first-round pick will be paid Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. In 2021, the fund committed to purchasing at least 50,000 electric vehicles and up to 100,000 electric cars from Lucid Motors over ten years. On 3 March 2022, Morgan Stanley lowered the price target to $12 from $16 and maintained its underperform rating. What will Lucid stock be worth in 2030? It expects its annual shipments to nearly double to 500,000 by 2030. Were talking a $20-plus billion revenue company by 2026, with 20%-plus gross margins. But of course, we also plan plants in other parts of the world, the Middle East and in China. Where Will Lucid Motors Stock Be In 5 Years? - SeekingAlpha Consequently, Lucid projects generating $1.52 billion in free cash flow in 2026. We had meetings with their management teams. How to Buy Lucid Motors Stock (LCID)? Step-by-Step View analysts price targets for LCID or view top-rated stocks among Wall Street analysts. In addition to Ford and Gores Guggenheim (which is slated to join with electric vehicle manufacturer Polestar), the top 30 stock orders also included Gores Guggenheim. NUS is Asia's #1 university according to Quacquarelli Symonds [QS]annual higher education ranking. Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. He emphasized (edited): I have a great deal of respect for many Chinese automakers in driving software capability. Lucid plans to increase its annualized production run rate from 20K by 2022 to 500K by 2030. The company shouldn't leave it to investors to do the modeling solely by themselves. Though the Model S ultimately beat out the newcomer, it was only by an incredibly slim margin. Of course, especially given the continuing market turbulence, weve got an eye on LCID and TSLA stock prices now. How many years before taxes are forgiven? Moreover, NIO (NIO) and XPeng (XPEV) stock are trading at 4.2x and 4.4x, respectively. Over the next three to five years, Lucid stock will meaningfully outperform TSLA from current levels. On Nov 15, 2021, Lucid Group (NASDAQ: LCID) reported Q3 2021 revenue of $232.00 thousand up 30.54% year over year. Hence, we thought it would be critical if Lucid could demonstrate similar ambitions and capability in software and autonomous driving. But that's easier said than done when the world's top automakers are still struggling with chip shortages and supply chain issues. First, Lucid's CEO and CTO Peter Rawlinson previously oversaw the development of Tesla's (TSLA -1.51%) Model S sedan as its chief vehicle engineer from 2009 to 2012. Over the next five years, Lucid foresees considerable growth in production, including the introduction of an SUV, Project Gravity, in 2023. Autonomous driving is very significant to ARK Invest's 2025 Tesla thesis. Its part of Saudi Vision 2030, whereby the kingdom is looking to bring active changes in transportation and technologies through sustainable measures. Sifting through the ultimate growth stocks for your portfolio. If You Do This, You Won't Have to Worry About Them, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. The LCID (LCID ) future stock price will be. We, . Analysts Disclosure: I/we have a beneficial long position in the shares of TSLA, NIO either through stock ownership, options, or other derivatives. If Lucid can replicate that growth, it could easily grow into its valuations and generate massive multibagger gains for its investors. He articulated: One example for the speed of Tesla: They handle the chip shortage very well the reason: they are developing their own software. The company posted a record FQ3 in deliveries, while their legacy OEM peers pointed to supply chain bottlenecks. Please. VP of Accounting & Internal Controls and Principal Accounting Officer. Lucid Motors Now Has 11,000 Vehicle Reservations, It's Official: Lucid Motors Closes SPAC Deal and Debuts as "LCID" on Monday, Why Churchill Capital IV Stock Slumped Today. CEO, CTO & Director exercised options to buy US$5.4m worth of stock. Business|Lucid Motors beats Tesla in range, going 520 miles on a charge, the E.P.A. (844) 978-6257. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. As of 8 June, data compiled by TipRanks showed that of three analysts covering the stock, two rated it a buy while one suggested sell. The upstart manufacturer aired a commercial during the episode of Saturday Night Live that Tesla CEO Elon Musk hosted earlier this month. This dilution could limit future potential returns. Is SoFi Stock a Buy Now? The Air is powered by two electric motors and can reach a software-limited top speed of 349 miles per hour. The company added: We are an early-stage company with a limited operating history, operating in a rapidly evolving and highly regulated market. Lucid Motors is renowned for its flagship electric sedan, the Lucid Air. Lucid believes it can generate approximately $2.2 billion in revenue this year by shipping 20,000 vehicles. 8 Wall Street research analysts have issued 12-month price targets for Lucid Group's shares. Instead . After dialing back expectations throughout 2022, investor confidence in Lucid Group seems to be growing once again. We help you to pick lower-risk entry points, ensuring you are able to capitalize on them with a higher probability of success and profit on their next wave up. (from Lucid's FQ3'21 earnings call). However, we are unsure over its production capability, and its software edge in autonomous driving. This estimate is a 105.85% increase from the current price of 18.89. Charles Coldicott from Redburn went a step ahead and said that Lucids Air Sedan in addition to being the longest-range EV is ahead of Teslas product in some other areas. My frank observation is that Chinese automobile companies are the most competitive in the world, especially because some are very good at software. However, we aren't convinced yet. The company reported $494.6m operating costs , up from $218.7m in Q1 2021. Social Security Cuts May Be Coming. If Tesla achieves full autonomy, it could create significant competitive advantages for the company against Lucid. View institutional ownership trends. (from Lucid's FQ3'21 earnings call). Another EV Start-up Has Cash, Production Problems. No part of the website content that we provide should considered as financial advice, legal advice or any other form of advice meant for your investment. It increased at a CAGR of 57.2% over the last five years to 804.3K in FQ3'21. Lucid Group generated a negative expected return over the last 90 days: Lucid Group has high historical volatility and very poor performance: The company reported the previous year's revenue of 608.18 M.Net Loss for the year was (1.3 B) with loss before overhead, payroll, taxes, and interest of (1.04 B). After that, at the end of 2040, the cost might reach $449.65. If it doesnt, the stock will fall. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Even though Lucids market value is still a long way from surpassing Teslas $1 trillion this year. Lucid Groups cash used in operating activities grew by 126% to account for costs associated with phase-2 of its EV production facility. We highlighted in a recent article that the chip supply crisis put Tesla's capability in software on display recently. The company produces this post-luxury vehicle at the company's Greenfield electric vehicle manufacturing facility in Casa Grande, Arizona.
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