Worse yet, continued unprofitability could have a negative impact on the stock. According to Wallet Investor, Lucid Group stock could be in the range of $57.511 to $58.461 by January 2027. Lucid Stock Failing To Scale, We See 60% More Downside As a result of the merger, Churchill Capital and Lucid Motors were renamed Lucid Group and shares of CCIV switched over to the LCID ticker. Earnings per share (EPS) came in at -$0.05 better than analysts expectations of -$0.29, based on data by Seeking Alpha. My frank observation is that Chinese automobile companies are the most competitive in the world, especially because some are very good at software. The company added: We are an early-stage company with a limited operating history, operating in a rapidly evolving and highly regulated market. Top institutional investors include Simplex Trading LLC (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.07%), IMC Chicago LLC (0.00%), SG Americas Securities LLC (0.04%), State of New Jersey Common Pension Fund D (0.02%) and abrdn plc (0.02%). In addition, the company's last-twelve-months (LTM) production run rate has increased tremendously. The Motley Fool has a disclosure policy. Past profits do not guarantee future profits. Compare Top Brokerages Here. NIO Inc. is a pioneer in China's premium electric vehicle market. As of the end of January 2023, speculation suggested that the Saudi Arabia Public Investment fund would discuss a buyout of Lucid Group Inc. Lucid Motors is also involved in the Formula E racing series. Forecast target price for 05-05-2023: $ 8.21. It expects AMP-1's Phase 2 expansion, which recently started, to increase that capacity to 90,000 vehicles in 2023. Sell TSLA stock into strength. Netflix. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? What Will Lucid Stock Be Worth In 5 Years? - Problem Solver X Lucid has certainly boosted its brand value significantly among investors and consumers. Insider reported (edited): A former Lucid employee said that Rawlinson wants to do "in two years in software what Tesla has done in 13. The market has evolved, and Lucid has the advantage of being a latecomer as well. But, Tesla has an annualized run rate of 1M. The company also announced a 200M plan to upgrade Gigafactory Shanghai to expand its capacity. Lucid Stock Price Prediction 2025 | Will it Drop. Pick No. Lucid Group will be holding an earnings conference call on Monday, May 8th at 5:30 PM Eastern. The material provided on this website is for information purposes only and should not be understood as an investment advice. Join us and start seeing experiencing the quality of our service today. But after it reins in its initial spending, Lucid believes it will turn profitable on an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis in 2024, and that its free cash flow (FCF) will turn positive in 2025. But that's easier said than done when the world's top automakers are still struggling with chip shortages and supply chain issues. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? 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. Were talking a $20-plus billion revenue company by 2026, with 20%-plus gross margins. While no drivers are now seeing any Lucid EVs next to them in traffic, the company expects to have vehicles on the road before 2022 begins. 3 High-Growth Stocks That Could Be Worth $1 Trillion in 10 Years -- or Lucid Motors will be selling hundreds of thousands of cars a year, at super-high price points, with extremely favorable margins. 5 Hypergrowth Stocks With 10X Potential in 2023, Q1 Earnings Is Giving Stocks the All-Clear, Rare Stock Indicators Show the Market Is About to Skyrocket, One Chart That Indicates This Bear Market Is Ending, The Forever Battery That Promises to Change the EV Industry, 3 Superior Hydrogen Stocks to Buy for the $11 Trillion Breakout. How many years before taxes are forgiven? According to Lucid AI-based technical analysis, the stock price dollar can reach $1000 in years 2044-45 (Forecast may change due to future data changes.) Its part of Saudi Vision 2030, whereby the kingdom is looking to bring active changes in transportation and technologies through sustainable measures. Lucid Motors teased an electric SUV concept in September 2020 called Project Gravity, featuring an image and brief video clip. Lucid Motors stock is a promising long-term EV stock that started deliveries of its first electric vehicle in late Oct. 2021 . 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. He emphasized (edited): I have a great deal of respect for many Chinese automakers in driving software capability. On Thursday, LCID shares skidded around 4%, trading around 22.06. Having said that, achieving triple-digit sales growth may not be enough to drive a comeback for LCID shares. Lucid might generate multibagger gains if it hits those targets, but it still hasnt proven that it can successfully scale its business. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. In seeking to grow vehicle deliveries from less than 1,000 in 2021 to 251,000 five years later, management clearly anticipates considerable success in convincing customers to hop into its driver seats. Peter Rawlinson joined Lucid Motors in 2013 as chief technology officer, a role he has maintained since being named CEO of the company in April 2019. We believe that Lucid is still very early in its EV market opportunity, even though it seems like a latecomer. For one, while production may be set to ramp up, its unclear whether there is sufficient demand for Lucid to sell into. However, Teslas sales orders surpassed its purchases. Amazon Stock Price Prediction 2025 | Should We Invest Now? According to Edmunds: The Lucid Air is a praiseworthy first effort from a new automaker, thanks in large part to its Tesla-beating range, otherworldly acceleration and head-turning exterior design. For one, itll be standing alone as the de facto brand of luxury EVs above Tesla, Audi and Porsche (POAHY). The company reported $494.6m operating costs , up from $218.7m in Q1 2021. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. The 31st pick in last year's first round, Michigan safety Daxton Hill, signed a $11.667 million . Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. The company anticipates capital expenditures to reach the $2bn mark. Lucid Group does not currently pay a dividend. This suggests a possible upside of 44.6% from the stock's current price. Earning this coveted distinction for Lucid Air, our very first car, is a resounding endorsement of our ability to deliver the most advanced EVs in the world., The world has changed dramatically from the time we first announced Lucid Air pricing in September 2020, but I want to reassure our existing reservation holders that we will be honouring current pricing for them as well as for any new reservations made before the end of the month. As a result, the lower price could be $534.23, the highest price could be $586.77, and the overall expected average would . What Will Lucid Stock Be Worth In 5 Years. We have a plan in place to expand Casa Grande to that level. Given recent news out of the company, this makes sense. In conclusion, we tried our best to answer about what will lucid stock be worth in 5 years. Rivian, another EV start-up, went public few months ago and has a market value of $140 billion(Correct me in the comment section if im wrong). View analysts price targets for LCID or view top-rated stocks among Wall Street analysts. As an early-stage company, there's a tremendous amount of uncertainty over its production capability right now. Please refer to our Risk Disclosure Statement. Entering text into the input field will update the search result below, also have plants in other parts of the world, in the Middle East and in China. Lucid believes it can generate approximately $2.2 billion in revenue this year by shipping 20,000 vehicles. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? If Lucid meets its revenue and EBITDA forecasts in 2026, it'll generate an EBITDA margin of about 12.7%, comparable to the 13% EBITDA margin that Tesla has reported on a trailing-12-month basis. Always do your own research. And that gives the startup ample room to take the industry lead. Peers EV/FY23 Revenue Comps. Is it 30% like Tesla? NFL Draft 2023: How much each first-round pick will be paid Lucid Group Inc., an electric-vehicle startup, is now crossed Ford Motor Co. in market value. It's a distinction that CEO Peter Rawlinson has envisioned from the start to build the "best car in the world." Welcome to Capital.com. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. In fact, Ive been bullish on this company for a while. Where Will Lucid Motors Stock Be In 5 Years? Save my name, email, and website in this browser for the next time I comment. LCID Stock Forecast - What Will Lucid Stock Be Worth in 5 Years BNP Paribas Exane initiated its coverage on Lucid Group stock on 11 April 2022 and gave it an outperform rating. If it takes a couple of days for a model to train. He went on to say that when you look at the current state of the company and where its headed, thats really all we have to be excited about. As a technology company, we have a platform that can be used across a broad range of industries, from vehicles to sustainable energy.. Since then, it announced that Gravity will enter production in 2024. If it doesnt, the stock will fall. Lucid Motors' car sales in 2025. With a capacity to manufacture 155,000 EV units, this world-class facility would be built through financial support and incentives up to $3.4bn over the next 15 years, backed by the government of Saudi Arabia. This could be highly dilutive to investors buying today. Insiders that own company stock include Michael Bell and Public Investment Fund. Source: Around the World Photos / Shutterstock.com, [Editors note: Where Will Lucid Motors Be in 5 Years? was previously published in June 2021. Lucid expects to manufacture 365,000 EVs per year starting from 2022. I currently hold the rank of Major. And as a tech company, it's our technology, which we are confident will put us in this preeminent position.