Everyone wants to discover the next Tesla. Now one of the most valuable companies in the world, long-term Tesla investors have been extremely happy with their portfolios. For good reason, many investors believe that Lucid (LCID 0.96%) is set to become the next Tesla. The company's sales grew heavily in 2024, and analysts expect sales to grow by another 118% in 2025, pushing revenue well past the $1 billion mark. Think it's too late to jump in? Think again. There's still time to buy this electric car stock f ...

Lucid Group TodayLCIDLucid Group$3.03 +0.05 (+1.68%) 52-Week Range$1.93▼$4.43Price Target$3.04Add to WatchlistLucid Group, Inc. NASDAQ: LCID has recently captured investor attention with the announcement of record-breaking sales and delivery figures for the fourth quarter of fiscal year 2024 (Q4 FY2024). This news, coupled with the much-anticipated launch of the company's new Gravity SUV, paints a picture of a company on the move. Simultaneously, the electric vehicle maker's shares experienced a notable di ...

Industry Overview - The EV industry is facing a gloomy narrative, with concerns over potential pullback of government support [1] - Despite the negative sentiment, EV sales are still growing, albeit at a slower pace than investors had hoped [2] - Companies like Nio and Lucid are setting impressive delivery records, indicating strong growth potential within the industry [2] Nio Performance - Nio has consistently delivered over 20,000 units per month for the past eight months, showing strong performance [3] - In December, Nio delivered 31,138 vehicles, a 73% increase year-over-year, setting a new monthly record [5] - The company achieved a quarterly record with 72,689 deliveries in Q4, driven by both its Nio and Onvo brands [5][6] - Nio expects Onvo deliveries to double in 2025, potentially driving total sales to around 440,000 units [6] - The launch of a third brand, Firefly, is expected to further contribute to growth in 2025 [7] Lucid Performance - Lucid produced 3,386 vehicles and delivered 3,099 vehicles in Q4 2024, a 40% increase in production compared to the prior year [8] - The company set a quarterly delivery record for the fourth consecutive quarter, with full-year deliveries reaching 10,241 vehicles, a 70% increase from 2023 [9] - Lucid's new electric SUV, the Gravity, and its upcoming mid-size platform are expected to drive further growth in 2025 [10] Market Dynamics - The EV industry faces challenges such as the potential loss of the Federal tax credit, which could impact sales [11] - Nio is focusing on the Chinese market, while Lucid is targeting the U.S. market, both positioning themselves for strong delivery growth [12] - Nio is navigating a fierce EV price war in China, which is expected to intensify in 2025 [13]

It's not hard to see how Lucid (LCID -6.29%) has massive long-term potential. The company delivered 3,099 vehicles last quarter, surpassing analysts' expectations by nearly 500 vehicles -- a 71% increase in deliveries over the year before. The quarter put Lucid over 10,000 vehicle deliveries on the year.Tesla, for comparison, delivered nearly a half-million vehicles last quarter alone. Lucid's growth trajectory is headed strongly in the right direction, and bullish investors believe it could one day become ...

Company Performance and Stock Movement - Lucid Group's stock surged 38 5% in December due to increased investor optimism following the start of production of its new Gravity SUV and CEO Peter Rawlinson's openness to a potential partnership with a traditional automaker [1][3] - The company reported a 7% increase in vehicle production to 9 029 units and a 71% jump in deliveries to 10 241 units for 2024 [6] Product Development and Market Impact - The start of Gravity SUV production marks Lucid's expansion into a second vehicle segment, complementing its existing Air sedan lineup [2] - Initial reviews of the Gravity SUV have been positive, with Edmunds calling it the "new benchmark for electric SUVs" [3] - Adding the Gravity to its lineup could help Lucid increase vehicle sales and lower production costs through shared parts across models [3] Strategic Partnerships and Financial Considerations - CEO Peter Rawlinson expressed interest in partnering with traditional automakers to supply technology and leverage economies of scale, potentially reducing parts costs and increasing revenue [4][5] - Lucid reported a net loss of $992 million in the third quarter as it ramps up vehicle production [4] - A partnership could help Lucid reduce costs and improve its financial position, similar to Rivian Automotive's $5 8 billion deal with Volkswagen [5] Future Outlook - Lucid needs to significantly increase sales and lower costs to narrow its losses, with investors awaiting fourth-quarter financial results on Feb 25 for a clearer picture of the company's financial health [6][7]

Company Performance - Lucid Motors has faced challenges in meeting production and delivery quotas since its IPO in 2021 [1] - The company produced 3,386 vehicles and delivered 3,099 in Q4 2024, with yearly production reaching 9,029 vehicles and deliveries at 10,241, surpassing its own guidance for the first time since 2022 [4] - Lucid's Q3 2024 earnings call showed significant outperformance in key financial metrics compared to analyst estimates [3] Stock Performance - Lucid's stock price was trading at $3 18 at press time, representing a 12 15% decrease since the beginning of 2024 [2] - The stock has shown notable peaks in July and August 2024, with a yearly high of $4 26 reached on August 26, 2024 [2][7] - To reach the $5 mark, LCID stock would need a 57 23% rally from current prices, which would represent a 17 37% upside from its yearly high [3][7] Market Position and Future Outlook - As a luxury EV manufacturer, Lucid's products are mostly unaffected by proposed EV credit cuts, as its cars were not eligible for them initially [5] - The launch of the Gravity SUV model in 2025 is expected to be a crucial revenue driver for the company [5] - If the current trajectory continues, Lucid's stock could potentially retest the $5 mark in the first half of 2025 [7]

Partnership and Collaboration - Panasonic Energy and Lucid Group announced a partnership to power the Lucid Gravity Grand Touring with Panasonic's lithium-ion EV battery cells [1] - The collaboration leverages Panasonic's latest-generation 2170 cylindrical lithium-ion battery cells, offering an energy density of above 800Wh/L, an industry-leading achievement [3] - The partnership was established through multi-year agreements in 2022, with Panasonic's batteries already integrated into the award-winning Lucid Air Pure [5] Lucid Gravity Grand Touring Features - The Lucid Gravity Grand Touring offers an EPA-estimated range of up to 450 miles, enabled by a battery pack up to 40% smaller than competitors' [1] - The SUV provides up to 120 cubic feet of total usable cargo space, combining the interior space of a full-size SUV with the exterior footprint of a mid-size SUV [2] - The vehicle delivers 828 horsepower, accelerates 0-60 mph in under 3.5 seconds, and is designed for up to seven adults [2] Battery Technology and Production - Panasonic Energy has supplied approximately 15 billion lithium-ion EV batteries globally by December 2023, equivalent to powering 3 million EVs, with no battery-attributed recalls [4] - The 2170 battery cells used in the Lucid Gravity models are produced in Japan, with future production expected at Panasonic's new facility in Kansas [5] - The batteries are designed to meet Lucid's standards for fast-charging, safety, longevity, and performance [3] Market and Pricing - The Lucid Gravity Grand Touring has a starting price of $94,900 and began production in December 2024 at Lucid's Arizona factory [5] - The Lucid Gravity Touring, with a starting price of $79,900, is planned for late 2025 and will also use Panasonic's 2170 batteries [5] Industry Impact and Vision - The collaboration between Panasonic and Lucid aims to set new standards in the EV industry, contributing to sustainable mobility and environmental sustainability [6] - Lucid Gravity is positioned as a groundbreaking SUV that combines the performance of a sports car with the comfort and space of a full-size SUV, without compromising on range or efficiency [6]

Stock Performance - Shares of Lucid Group surged by more than 10% this morning following the release of its Q4 EV delivery results, though the stock settled at a 4% increase by 11:35 a.m. ET [1] - The stock has risen sharply by over 60% in the past month [1] Production and Delivery Results - Lucid achieved a record production of 3,386 vehicles and delivered 3,099 vehicles in Q4 [2] - For the full year, the company produced just over 9,000 vehicles and delivered 10,241 EVs, with deliveries outpacing production [2] - Deliveries for the year increased by 71% compared to 2023, while production levels only increased by 7% [4] Financial Outlook - The decrease in inventory levels bodes well for the upcoming Q4 and full-year financial results, which will be reported on Feb 25 [3] - Higher sales are expected to help cover fixed costs, potentially improving financials, despite an operational loss of $2 3 billion in the first nine months of 2024 [4] New Product Development - The company's new Gravity SUV is a significant addition to its product line, as it previously only sold luxury electric sedans [6] - Production of the first Gravity SUV model is expected to begin before the end of 2024, with a second model trim to follow later this year [5] Investor Sentiment - Investors responded positively to the increase in production and deliveries of the Air sedans, driving the stock higher [6]

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Luxury electric vehicle startup Lucid produced and delivered a record number of electric vehicles in the fourth quarter and full year of 2024. Lucid produced 3,386 vehicles and delivered 3,099 in Q4. On a full-year basis, the company produced 9,029 vehicles and delivered 10,241 vehicles in 2024, meeting its previously announced target to produce roughly 9,000 vehicles last year.  Those numbers are up about 7% from 2023, when Lucid produced 8,428 units.Along with Lucid’s production and delivery numbers, the ...