Its shares dropped by more than 5% accordingly in Tuesday . NUS is Asia's #1 university according to Quacquarelli Symonds [QS]annual higher education ranking. Since this share has a negative outlook we recommend looking for other projects instead to build a portfolio. We believe that Lucid is still very early in its EV market opportunity, even though it seems like a latecomer. What Will Lucid Stock Be Worth In 5 Years, Lucid Stock Price Prediction 2025, 2030, 2022, 2040, 2050, Rivian Stock Price Prediction 2025, 2030, 2022, 2023, 2040, 2050, NIO Stock Forecast 2025, 2022, 2023, 2030, 2040, 2050, Tesla Stock Prediction 2022, 2023, 2025, 2030, 2040, After Recalling 13,000 EVs, Rivian Stock Dropped, To Challenge Teslas Momentum, Nio Plans to Expand more in Europe. To see all exchange delays and terms of use please see Barchart's disclaimer. And in fact, Lucid proved its range and performance were superior. Its Air Grand Touring Performance Range was anticipated to be available for deliveries from June 2022. When can I buy Lucid Motors stock? My frank observation is that Chinese automobile companies are the most competitive in the world, especially because some are very good at software. Neither is interested, at least for now in pursuing autonomous. 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. The implication? Their LCID share price forecasts range from $5.00 to $13.00. Pick No. But we're planning on 500K units by the end of the decade. Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. On Monday, he and CFO Sherry House both indicated that Lucids recent stock surge is a sign that Wall Street is already starting to see the company as more like Tesla than a typical automaker. 62.50% of the stock of Lucid Group is held by insiders. And as a tech company, it's our technology, which we are confident will put us in this preeminent position. I led company-wide award-winning wealth management teams that were consistently ranked among the best in the company., I graduated with an Economics Degree from National University of Singapore [NUS]. This move attracts even more retail traders. The Value Of Lucid Can Reach $127 USD In The Next 5 Years. We had meetings with their management teams. Ans. LCID is currently trading at an EV/FY23 Revenue of 18.4x. But this is no longer true. Lucid Group has received a consensus rating of Hold. On December 19, 2022, Lucid Group Inc. closed a $1.5 billion funding round, including Saudi Arabia's Public Investment Fund's purchase of nearly 86 million company shares. We believe ramping up production will be Lucid's most challenging endeavor. Lucid is entering the saturated EV market at a much higher price point than Tesla, so its total addressable market could actually be much smaller. (from Lucid's FQ3'21 10-Q). Its becoming clear that Lucid Motors is providing stiff competition for Tesla, especially in the premium, luxury channel. Lucid Motors is renowned for its flagship electric sedan, the Lucid Air. Lucid Group Stock Forecast 05-05-2023. To make the world smarter, happier, and richer. Rising competition could prevent Lucid from reaching the sales volume needed to reach profitability. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Your current $100 investment may be up to $468.09 in 2027. 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. For Lucid stock to reach $100 from the current price, it would need to rise 270 percent. This suggests a possible upside of 33.3% from the stock's current price. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. On the other hand, Lucid stock might not make a good short-term bet, due to inflationary rates in the U.S. Inflation reached a 39-year high of 7% in December 2021. 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. 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. According to Bloomberg, citing Vanda Research data, the retail investors have bought $378 million worth of Rivian, Ford, and Lucid shares in the last week, exceeding demand for Tesla. Lucid Group's mailing address is 640 FIFTH AVENUE 12TH FLOOR, NEW YORK NY, 10019. Over the next several years, capex spending is expected to taper off, ending with the company spending $573 million on capex in 2026. And never invest more than you can afford to lose. The wild moves Lucid stock made earlier this year, when the former SPAC (special purpose acquisition company) went from $10 to more than $60 per share aren't likely to repeat themselves. In five years, it expects 36,000 Lucid Air deliveries and 12,000 SUV . Its Stock Is Diving. The cost may range from $534.23 to $586.77 in 2045. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. The company added: We are an early-stage company with a limited operating history, operating in a rapidly evolving and highly regulated market. According to Forbes, the billionaire had amassed a fortune worth an estimated $5.8 billion. financial results for the first quarter of 2022, Lucid Group stock fundamental analysis: Q1 financial results, Lucid stock forecast and analyst insights. What Will Lucid Stock Be Worth In 5 Years. Lucid might generate multibagger gains if it hits those targets, but it still hasnt proven that it can successfully scale its business. Even though Lucids market value is still a long way from surpassing Teslas $1 trillion this year. (1.25%) $4.08. Which credit score is most important TransUnion or Equifax? Netflix. Making the world smarter, happier, and richer. CEO, CTO & Director exercised options to buy US$5.4m worth of stock. Worse yet, continued unprofitability could have a negative impact on the stock. And theyll be nicer and fancier, too. Lucid Group Inc real time quote is equal to 7.000 USD at 2023-04-25, but your current investment may be devalued in the future. Lucid Stock Price Prediction 2023,2025,2030, 2040,2050 By then, it wants 20,000 vehicles on the road and over $2 billion in revenue. The Final Word on Lucid He emphasized (edited): I have a great deal of respect for many Chinese automakers in driving software capability. And late last year, the company reportedly increased investments into the project so as to accelerate its development timeline. Our daily ratings and market update email newsletter. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Those stores will be busier than Teslas. Lucid Stock's $8 Billion Shelf Filing - Should You Be Concerned? However, Rawlinson's ultimate objective is to use its technology to foster mass adoption worldwide. Lucid believes it can generate approximately $2.2 billion in revenue this year by shipping 20,000 vehicles. It appears highly unlikely this EV maker will come even close to hitting past lofty projections such as six-figure vehicle sales volume by 2025. Invest better with The Motley Fool. After Lucid Group announced its Q1 2022 financial results, Citigroup lowered its price target to $36 from $45 but maintained a buy rating. Lucid's Stock Will Hit $100 Before The End of 2022 - Torque News 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. The company reported a highly impressive gross margin of 28.8% in FQ3. The ascent of Tesla and the leading Chinese EV makers has a lot to do with their brands and the growing EV adoption observed in China (#1 EV market) and Europe (#2 EV market). 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. Copyright (from Insider article). The LCID (LCID ) future stock price will be. Third, it already started shipping its first vehicles last October, and its number of reservations continues to rise. Lucid plans to increase its annualized production run rate from 20K by 2022 to 500K by 2030. If you have an ad-blocker enabled you may be blocked from proceeding. Earlier this month, the EV maker reported full-year production numbers for 2022 (7,180 vehicles). In the same quarter last year, Lucid Group's revenue was $334.00 thousand. The long-term earning potential for investors is +7.44% per year. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. I would be buying Lucid stock (LCID) soon, Nasdaq 100 just did. How much do banks charge to manage a trust? This surge in value is a clear indication that investors are growing more and more excited about electric vehicles. I am not receiving compensation for it (other than from Seeking Alpha). 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.) Get daily stock ideas from top-performing Wall Street analysts. On Nov 15, 2021, Lucid Group (NASDAQ: LCID) reported Q3 2021 revenue of $232.00 thousand up 30.54% year over year. Lucid Motors teased an electric SUV concept in September 2020 called Project Gravity, featuring an image and brief video clip. In a 10 May press release, it announced its first European retail location would be initiated in Munich, Germany. Where Will Lucid Motors Stock Be In 5 Years? That's an improvement of 6/17 mpg-e city/highway over the 405-mile, 100-kWh Tesla Model S Long Range. That growth trajectory would be similar to Teslas over the past decade. However, analysts forecasts can be wrong and have been inaccurate in the past. Lucid will incur its biggest expenses throughout 2022 and 2023. 1125 N. Charles St, Baltimore, MD 21201. Real-time analyst ratings, insider transactions, earnings data, and more. Your membership also includes: Daily Tactical Market Analysis to sharpen your market awareness and avoid the emotional rollercoaster, Access to all our top stocks and earnings ideas, Access to all our charts with specific entry points. Score: 4.5/5 ( 1 votes ) The LCID ("LCID" ) future stock price will be 119.160 USD in 5 years. ETFs with the largest weight of Lucid Group (NASDAQ:LCID) stock in their portfolio include Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV), VanEck Green Infrastructure ETF (RNEW), ALPS Clean Energy ETF (ACES), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), iShares Self-Driving EV and Tech ETF (IDRV), VanEck Social Sentiment ETF (BUZZ), Global X Lithium & Battery Tech ETF (LIT) and Fidelity Electric Vehicles and Future Transportation ETF (FDRV). As you may recall, the SPAC predecessor to LCID stock hit prices nearing $65 per share around two years ago, on expectations that this EV startup was going to be the ultimate Tesla killer. And when comparing Lucids Air Dream Edition to Teslas Model S Plaid, they proved the two can go toe-to-toe. Source: Around the World Photos / Shutterstock.com, [Editors note: Where Will Lucid Motors Be in 5 Years? was previously published in June 2021. Lucid also plans to continue its international expansion, which kicked off in Canada in late 2021. Not quite. How many employees does Lucid Group have? Q. Readers can easily observe the scale of Tesla's automotive gross margins (ex-credits) at an annualized run rate of 1M. Lucid (LCID) to Report Q1 Earnings: What's in the Offing? Itay Michaeli, from Citi Group, set a $57 price target on LCID stock . Edmunds car experts recently put the two EV makers to the test. Therefore, investors should still view Lucid as a highly speculative EV stock that trades on reservations instead of actual shipments and revenue. See; the worlds largest company Apple(AAPL) is about to enter the EV game. Lucid Group does not currently pay a dividend. It expects the company to consistently generate a gross profit, averaging about 22% from 2023 through 2026. Where Will Netflix's Stock Be in 5 Years? | The Motley Fool For one, while production may be set to ramp up, its unclear whether there is sufficient demand for Lucid to sell into. Several equities analysts have issued research reports on the Lucid stock value in 2022. Whether you should invest in the Lucid stock market depends on your personal investing goals and portfolio composition. The companys first EV product, Lucid Air, hit the market later that year. 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. Looking forward, we remain intently focused on ramping production and are excited about our product roadmap in 2022 and beyond with Air Grand Touring Performance deliveries expected in June; Air Touring and Air Pure later this year; and with our Project Gravity SUV remaining on target to begin production in the first half of 2024., With todays signing ceremony, we are taking a major step towards Saudi Arabias goal of diversifying its economy by creating a new manufacturing hub to spearhead the future of mobility for the Middle East region. Shares of LCID stock can be purchased through any online brokerage account. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.39) by $0.01. The Motley Fool owns shares of and recommends Tesla. 84% of retail investor accounts lose money when trading CFDs with this provider. 2023 InvestorPlace Media, LLC. Itay Michaeli, from Citi Group, set a $57 price target on LCID stock, saying: Bank of America analyst John Murphy tagged Lucid Motors as a combination of Tesla and Ferrari and had stock expectations of $30 on LCID. The company is commencing production in the high-performance and luxury line. The stock price is great, House said in an interview with CNBC. It expects its annual shipments to nearly double to 500,000 by 2030. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. The company anticipates capital expenditures to reach the $2bn mark. Hailing from Silicon Valley, the global centre for technology and innovation, electric vehicle (EV) manufacturer Lucid Group (LCID) was founded in 2007. See what's happening in the market right now with MarketBeat's real-time news feed. Identify stocks that meet your criteria using seven unique stock screeners. With a $711 billion market capitalization, Tesla is priced to dominate the EV market for the foreseeable future. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Data source: Company filings. Optimistic target level: 8.36. Otherwise, investors would have to rely a lot on speculation and conjecture when considering Lucid's autonomous driving capabilities. In 2018, the Public Investment Fund of Saudi Arabia invested $1 billion in Lucid Motors. On average, they predict the company's stock price to reach $10.58 in the next year. With projected Air deliveries rising to 36,000 and . It continues to prove itself and why we should all be fans of LCID stock. By 2026, however, management expects SUV deliveries of about 134,000 to outnumber Air deliveries (about 42,000). I wrote this article myself, and it expresses my own opinions. Lucid Motors is in line for a huge 2022. Therefore Lucid expects to match Tesla . Should You Be Too? *Average returns of all recommendations since inception. Rawlinson said: "I don't profess to be the software guy. Peter Rawlinson, CEO and CTO of Lucid Group, commented on the companys win: Following the success of its first vehicle, Lucid Group announced its luxury SUV EV line up called Project Gravity. With management espousing such an auspicious view of the future, does this mean that EV investors should drive off with an investment and park the stock in their portfolios? Past profits do not guarantee future profits. Lucid only started to ship its first batch of 520 customized "Dream" Air sedans last October. Lucid Group (Nasdaq:LCID) - Stock Price, News & Analysis - Simply Wall St 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. For one, itll be standing alone as the de facto brand of luxury EVs above Tesla, Audi and Porsche (POAHY). Its becoming clear that Lucid Motors is providing stiff competition for Tesla, especially in the premium, luxury channel. This suggests a possible upside of 44.6% from the stock's current price. While that battle has waned, a new one seems to be rising: one involving electric vehicles (EVs). Trading and Investing involve high risk, please consult your financial advisor before making any decision and moneystreet.us will take no responsibility for the consequences. Lucid has certainly boosted its brand value significantly among investors and consumers. Business|Lucid Motors beats Tesla in range, going 520 miles on a charge, the E.P.A. Therefore, we rate LCID stock at Neutral for now. The upstart manufacturer aired a commercial during the episode of Saturday Night Live that Tesla CEO Elon Musk hosted earlier this month. The company posted a record FQ3 in deliveries, while their legacy OEM peers pointed to supply chain bottlenecks. Moreover, it's a technology that Rawlinson has acknowledged isn't his forte. LCID Stock Forecast: Where Will Lucid Be in 5 Years? Giga Shanghai has played a critical role in Tesla's global expansion plans. Where Will Lucid Motors Be in 5 Years? | InvestorPlace 2023 InvestorPlace Media, LLC. We, . In five years time, the LCID future stock price is estimated to be $136.91. I was the Battalion Second-in-command of an Armored Regiment. Though the Model S ultimately beat out the newcomer, it was only by an incredibly slim margin. I have no business relationship with any company whose stock is mentioned in this article. Sign up now for a Risk-Free 14-Day free trial! Trading is a highly risky business, please consult with your financial advisor before making any decision. Is it 30% like Tesla? Seeking Alpha features JR Research as one of its Top Analysts to Follow for Technology, Software, and the Internet. Where Tesla stands to lose a lot of market share, we think Lucid can step in and dominate. Q. Not so fast. What Will Lucid Stock Be Worth In 5 Years? To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. You're reading a free article with opinions that may differ from The . 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). Tesla CEO Elon Musk emphasized: "If it takes a couple of days for a model to train versus a couple of hours, it's a big deal.". When Will Lucid Stock Reach $1000? The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. 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. (from Lucid's FQ3'21 earnings call). Beginning in 2040, the price of Lucid stock could be $403.31. The long-term earning potential is +7.44% in one year. The firm designs, creates and builds energy storage systems for electric vehicles and supplies other automakers with the vehicle platform needed to power plug-in, hybrid and electric vehicles. Long-term forecasts are based on making fundamental and technical studies of the stocks performance. How can I listen to Lucid Group's earnings call? Tesla stock is trading at just 11.9x. It was the 2022 Motor Trend Car of the Year, regarded as one of the most prestigious awards in the automotive industry. If it doesnt, the stock will fall. 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. Interested parties can register for or listen to the call using this link. . 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