FAQs
Over time, investors became increasingly concerned with Lucid's lackluster growth and spiraling losses -- challenges that are yet to improve. In the fourth quarter of 2023, revenue declined 39% year over year to $157.2 million as the company sold fewer cars for lower prices.
How is Lucid doing financially? ›
Lucid reported Q1 revenue of $172.7 million on deliveries of 1,967 vehicles and expects to manufacture approximately 9,000 vehicles in 2024. In Q1, Lucid raised $1.0 billion in financing via a private placement to an affiliate of the PIF, reflecting the PIF's continued and steadfast support of the Company.
Is Lucid Motors a millionaire maker? ›
Comparison — 2023 Vs 2024
Lucid has managed to take in $172.7 million in Q1 of 2024. This is a 15% increase over the first quarter of 2023 and a significant increase over the 157.2 million revenue of Q4 2023. Currently, the brand holds $4.3 billion in cash, cash equivalents, and investments.
Why is Lucid production so low? ›
But, numbers aside, how good is the actual car? First the bad news. At the end of last year, Lucid was hit hard by the EV price war. As a result, deliveries and production fell year-to-year in the fourth quarter of 2023, sending its shares plummeting to a record low.
Will Lucid survive long term? ›
Lucid expects its $4.78 billion in liquidity at the end of 2023 to last through "at least" 2025 as it ramps up its production of the Gravity SUV, but analysts expect it to continue burning cash at an alarming rate: it's expected to generate negative annual free cash flows (FCF) of $3.51 billion in 2024, $2.65 billion ...
Why is Lucid Motors crashing? ›
On the heels of recent production shortfalls and a major recall for its 2022 and 2023 model Lucid Air vehicles, new signs of weakening EV demand threaten Lucid's outlook. The company is already facing some business-specific challenges, and the overall industry now appears to be moving in unfavorable directions.
What will Lucid be worth in 5 years? ›
Long-Term Lucid Group, Inc. Stock Price Predictions
| Year | Prediction | Change |
|---|
| 2025 | $ 4.09 | 35.37% |
| 2026 | $ 5.54 | 83.25% |
| 2027 | $ 7.50 | 148.07% |
| 2028 | $ 10.16 | 235.82% |
2 more rowsLCID Stock Forecast FAQ
Based on analyst ratings, Lucid Group's 12-month average price target is $3.22. Lucid Group has 9.90% upside potential, based on the analysts' average price target.
Should I invest in Lucid right now? ›
Is Lucid stock a Buy, Sell or Hold? Lucid stock has received a consensus rating of hold. The average rating score is and is based on 13 buy ratings, 16 hold ratings, and 8 sell ratings.
Who owns most of Lucid stock? ›
Top Shareholders
| Holder | # of Shares | % Holding |
|---|
| Mohammad bin Salman Al-Saud | 1,374,700,298 | 59.58% |
| Vanguard Index Funds | 93,656,827 | 4.06% |
| Vanguard | 80,717,494 | 3.50% |
| iShares | 14,096,501 | 0.61% |
6 more rowsLucid shares surged over 5% Monday after the electric vehicle maker announced a $1 billion injection of cash from its biggest shareholder through a private stock sale. Lucid said the money from an affiliate of Saudi Arabia's Public Investment Fund would be used for general corporate purposes.
Is Lucid Motors in debt? ›
Total debt on the balance sheet as of March 2024 : $2.42 B
According to Lucid Motors's latest financial reports the company's total debt is $2.42 B. A company's total debt is the sum of all current and non-current debts.
Is Lucid going to go out of business? ›
With the backing from one of the richest sovereign wealth funds globally, it seems quite improbable that Lucid will go bankrupt, at least in the near future. That said, Saudi Arabia might consider taking the company private - something which markets have been speculating on for the last few months.
Is Lucid Motors in trouble? ›
Price cuts aren't reassuring investors, especially as it was reported in the third quarter of 2023 that Lucid was losing $338,000 per every car sold. Lucid Motors isn't the only electric vehicle company struggling.
Why buy Lucid over Tesla? ›
There's no question that the Lucid Air Sapphire is a better car than the Tesla Model S Plaid. It's brilliant to drive as a canyon-carving supersports sedan and a cross-country grand tourer. Its exceptional range and fast-charging capability challenge Tesla's reputation as the untouchable EV technology leader.
Does Lucid Air have a future? ›
The EV maker has a new model in the works, intended to compete with the Tesla Model 3 and the Model Y, but it won't be here until 2026 at the earliest. Lucid will be busy rolling out several versions of the Gravity SUV, as it works to set itself apart in segments that are filling up rapidly.
What is the outlook for Lucid Motors? ›
LCID Stock Forecast FAQ
Based on analyst ratings, Lucid Group's 12-month average price target is $3.22. Lucid Group has 9.90% upside potential, based on the analysts' average price target.
Should I buy Lucid right now? ›
Is Lucid stock a Buy, Sell or Hold? Lucid stock has received a consensus rating of hold. The average rating score is and is based on 13 buy ratings, 15 hold ratings, and 8 sell ratings.
Why is Lucid stock tanking? ›
Production in Q1, however, was 1,728 vehicles, a 25% decline from last year. Unfortunately, that does not make much of a dent in Lucid's huge unsold inventory. Since Lucid EVs began rolling off the assembly line in 2022, the EV maker has produced over 17,300 vehicles but sold fewer than 12,000 vehicles.
