How is Lucid doing financially?

Lucid
Lucid
Lucid Group, Inc. is an American electric vehicle manufacturer headquartered in Newark, California. The company was founded in 2007. Deliveries of the Dream Edition launch versions were made available to the first group of 520 reservation holders on October 30, 2021.
https://en.wikipedia.org › wiki › Lucid_Motors
Motors Q3 2022 results: $195.5M in revenue, 1,400 Air
Air
The Lucid Air is a battery electric car produced and marketed by Lucid Motors.
https://en.wikipedia.org › wiki › Lucid_Air
deliveries, and Gravity SUV reservations.


Is Lucid losing money?

Lucid Group Inc. shares fell in late trading after third-quarter sales and earnings trailed estimates and reservations declined for the company's luxury electric vehicles. The automaker's loss was 40 cents a share, according to a statement Tuesday, wider than analysts' average estimate of a 31-cent loss.

Is Lucid profitable?

Lucid Earnings

Results: Lucid lost 40 cents per share on revenue of $195.5 million. The company's capital expenditures more than tripled to $290 million in the third quarter vs. a year earlier, as it expanded production.


Is Lucid a struggling?

Lucid Is Struggling With More Than Quality Issues: Software Is Also a Headache. Lucid's quality issues are making more headlines.

Will Lucid bounce back?

Will Lucid's stock bounce back? Lucid is in better shape than other struggling SPAC-backed EV makers like Canoo and Nikola, but it will be stuck in neutral until it ramps up its production, stabilizes its losses, and proves its business model is sustainable.


Lucid Starts Next BIG Chapter │ Blackrock is Optimistic for 2023 ⚠️ Lucid Investors Must Watch



Is Lucid worth investing?

The stock remains a favourable long-term investment at current levels, considering there is still a massive growth trajectory to be realized, underpinned by international aspirations and a growing product portfolio to support notable EV market share gains for Lucid over the longer-term.

Why is Lucid stock crashing?

Lucid stock has dropped rapidly since November, and much of its fall has to do with the company's falling reservations. In its third quarter, although Lucid produced a record number of vehicles, it reported reservations of only around 34,000 cars as of Nov.

Is Lucid overvalued?

However, Lucid's valuation is one area where investors should focus. LCID stock is trading at a price-to-sales multiple of 128.1, indicating that the stock is highly overvalued.


Will Lucid survive?

Technically, Lucid could survive for about another year without new outside investment or turning things around.

What is the future of Lucid?

Lucid Group Inc (NASDAQ:LCID)

The 6 analysts offering 12-month price forecasts for Lucid Group Inc have a median target of 17.50, with a high estimate of 26.00 and a low estimate of 10.00. The median estimate represents a +161.58% increase from the last price of 6.69.

Where will Lucid Motors be in 5 years?

Lucid Motors will be selling hundreds of thousands of cars a year, at super-high price points, with extremely favorable margins. We're talking a $20-plus billion revenue company by 2026, with 20%-plus gross margins. For all intents and purpose, in five years, Lucid will be where Tesla was around 2019 or 2020.


Will Lucid stock be like Tesla?

Lucid resembles a smaller version of Tesla, but the stock already trades at about 30 times its goal of generating $2.2 billion in sales in 2022. Tesla currently trades at just 14 times next year's sales.

Will Lucid get as big as Tesla?

It looks like Lucid will be the winner of the luxury EV race, at least for the next few years. That means LCID stock will outperform TSLA. With a $711 billion market capitalization, Tesla is priced to dominate the EV market for the foreseeable future. If it doesn't, the stock will fall.

Is lucid as good as Tesla?

In our test of the Lucid, we measured a consumption rate of 28.3 kilowatt-hours of electricity used per 100 miles, versus 32.1 kWh per 100 miles in the Model S (a lower kWh number is better). More range, superior efficiency and faster charging give the Lucid Air the easy win here.


Is lucid a hold or sell?

Lucid Group has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 5 buy ratings, 3 hold ratings, and 2 sell ratings.

Is Lucid a promising stock?

Lucid is building the foundations of a promising business, but its growth is still too speculative, its stock is too expensive, and it will bleed red ink for the foreseeable future. Those three weaknesses make it a difficult stock to own as inflation and rising interest rates reset the tech sector's valuations.

Does Lucid have potential?

Per unit Lucid has the potential to generate higher margins than Tesla as its vehicles can be sold at a much higher price point, given the "luxury" branding.


Does Lucid stock have potential?

NASDAQ: LCID

In 2023, analysts expect Lucid's revenue to rise 172% to $3.5 billion as its net loss narrows to $1.6 billion. In 2024, they expect its revenue to grow another 70% to $6.0 billion as its net loss narrows to $1.1 billion.

Will Lucid be acquired?

In February, Churchill Capital IV — a special-purpose acquisition company (SPAC) — announced a deal to take Lucid Motors public, valuing the company at $24 billion.

Will Lucid reach $100?

If the stock commands a P/S of 10, Lucid will achieve a $100 share price sometime in 2026. For a P/S of 20, this happens in 2024. Finally, a P/S of 30 would likely push Lucid to $100 per share by late 2023.


Where will Lucid be in 10 years?

2025 to 2030: Its evolution into the "next Tesla"

In 2026, Lucid expects to generate $22.8 billion in revenue by delivering about 251,000 vehicles, including 42,000 sedans, 134,000 SUVs, and 75,000 new models. It expects its annual shipments to nearly double to 500,000 by 2030.

Is Lucid a threat to Tesla?

After its debut model, the Lucid Air, was named Motor Trend's Car of the Year for 2022, the company was seen as a serious threat to Tesla because of the sedan's range of more than 500 miles on a charge and its attractive styling.
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