Core Viewpoint - Lucid Motors has faced significant volatility in its stock price since its IPO in 2021, struggling to maintain upward momentum despite backing from Saudi Arabia's Public Investment Fund (PIF) [1] Company Performance - Lucid Motors failed to meet its H1 2024 delivery targets by 90%, raising concerns about share dilution due to PIF's investment, which were acknowledged by the CEO [2] - In Q3, the company also did not meet production estimates, contributing to negative sentiment around the stock [2] - Throughout 2024, Lucid's stock price declined by 28%, although it experienced a brief recovery in December with a 41.78% increase from $2.13 to $3.02 following the announcement of production for the Gravity SUV [3] - However, this recovery was short-lived, with the stock price dropping below $3 again by January 13, currently trading at $2.96 [4] Market Sentiment - The stock has attracted significant interest from short sellers, with the short volume ratio rising from 49.42 on January 10 to 59.79 on January 13, indicating strong bearish sentiment [6] - As of January 15, 18.51% of the stock's float has been sold short, and it would take short sellers approximately 3.14 days to cover their positions [6] Macroeconomic Factors - The recent decline in Lucid's stock price and increased short interest cannot be attributed to a single company-specific issue; rather, it is influenced by broader macroeconomic factors such as inflation concerns and reduced expectations for interest rate cuts [9] Future Outlook - Despite the recent challenges, Lucid's fundamental outlook remains stable, with Q4 production and delivery figures exceeding analyst estimates and achieving a production target of 9,000 vehicles for the year [10] - However, Wall Street's average price target for Lucid stock is currently $2.91, reflecting a slight downside and a lack of confidence in the stock's recovery [11]

One highlight of January’s Consumer Electronics Show (CES) was the unveiling of the partnership between Lucid Group Inc. NASDAQ: LCID and SoundHoundAI Inc. NASDAQ: SOUN. The partnership will integrate SoundHound's Chat AI into a proprietary Lucid Assistant.  The announcement was made in early January, but CES was the first time consumers and investors got to see the partnership in action.SoundHound’s technology will allow the Lucid Assistant to respond to the prompt “Hey Lucid” in the same way that consumer ...

Most electric vehicle (EV) stocks saw their share prices swing wildly in 2024. Some companies saw their valuations soar, while others experienced sharp declines. Following a roller-coaster year, two EV stocks in particular now look like bargains.The two companies below clearly have sizable upside potential. But you'll want to understand the risks involved before jumping in.This EV stock should double its sales in 2025If you're looking for maximum growth, get acquainted with Lucid Group (LCID -1.66%).Lucid i ...

Core Viewpoint - Lucid Motors' stock performance has been disappointing despite significant backing from the Saudi Public Investment Fund and various partnerships aimed at revitalizing the business, with the stock ending 2024 down 27.23% at $3.02 [1] Group 1: Stock Performance - The start of 2025 has shown minimal improvement, with shares rising only 0.17% to $3.03 as of January 2 [2] - The average 12-month price target for Lucid Motors is $2.91, which is 4.28% below the current price [4] - The highest forecast predicts a 32% increase to $4 over the next 52 weeks, but overall sentiment remains neutral [5][3] Group 2: Analyst Ratings - Current ratings include one 'buy', two 'sell', and six 'hold' ratings, indicating a cautious outlook from analysts [4] - CFRA's Garrett Nelson has downgraded the stock from 'sell' to 'strong sell', with a price forecast of $1, citing high cash burn and low demand [8] - Morgan Stanley's Adam Jonas and Cantor Fitzgerald's Andreas Sheppard both maintain a price target of $3, with Jonas reiterating a 'sell' rating [9][11] Group 3: Market Concerns - Analysts express concerns over the high cash burn rate and low demand for Lucid vehicles, even after price cuts [8] - The removal of some EV incentives and the high price of Lucid vehicles are also factors affecting market sentiment [10]

Company Overview - Lucid Group has a market cap of less than $10 billion, significantly lower than Tesla's $1 trillion market cap [1] - The company delivered 71% more vehicles last quarter compared to the previous year, following a 90% jump from the previous quarter [1] Financial Performance - Lucid Group's sales have increased by 16,300% since 2021 [4] - Despite the sales growth, investors have lost roughly 89% of their initial investment, with a $50 investment now worth about $5 [4] Market Perception - The price-to-sales multiple for Lucid has slipped by more than 99% since 2021 [5] - The market had initially priced too much hype into the stock, leading to overvaluation in 2021 [6] Investment Perspective - The stock is now trading at a deep discount compared to its past, potentially offering better opportunities for new investors [7] - The importance of valuation is highlighted, as investment returns are ultimately a reflection of the price paid [6]

Company Overview - Lucid (LCID) is an electric vehicle (EV) company that launched its premium sedan, the Lucid Air, in late 2021, which won MotorTrend's Car of the Year award in 2022 [1] - The company is expected to produce only 9,000 vehicles in 2024, reflecting slow production ramp-up [1][2] - Lucid's stock has declined 28% in 2024 and is 94% below its early 2021 highs [3] Product Strategy - Lucid's second vehicle, the premium electric SUV Lucid Gravity, began deliveries in December 2023, with the Grand Touring version priced at $94,900 and the Touring model at $79,900 [4] - The Gravity is expected to appeal to the same high-end consumer niche as the Air, limiting its short-term impact on sales volumes [4] - If Gravity sales match the Air, production volumes could double to around 18,000 units in 2025 [5] - Lucid is developing a mid-size SUV priced under $50,000, expected to enter production in late 2026, targeting a broader consumer base [8] Financial Performance - Lucid's revenue for 2024 is estimated at $768 million, with potential to double in 2025 due to Gravity sales [6] - The company reported gross losses of nearly $1 billion and a cash burn exceeding $2.8 billion, driven by high operational costs and low production volumes [7] - Lucid's financials are unlikely to improve significantly until the mid-size SUV launches, as current premium products do not generate sufficient sales volumes [7][8] Market Position and Valuation - Lucid's premium pricing strategy limits its market appeal, with the Air and Gravity targeting a niche high-end consumer base [2][4] - Tesla, a key competitor, produced approximately 1.77 million vehicles in 2024, primarily lower-priced Model Y and Model 3s aimed at mainstream consumers [5] - Lucid's enterprise value is over five times its 2025 revenue estimates, compared to Rivian's 3 times and Toyota's 1.4 times, making its stock relatively expensive [11] - The company's share count has nearly doubled since 2021, diluting per-share profits and reducing stock upside [10] Investor Considerations - Lucid's slow volume growth and high cash burn make its stock vulnerable to downside risk, particularly if Wall Street reevaluates its premium valuation [12] - The company continues to receive financial backing from Saudi Arabia's Ayar Third Investment Co, ensuring its ability to deliver vehicles to market, though this does not guarantee returns for common shareholders [9] - A potential rebound in Lucid's stock is unlikely until the company achieves gross profitability, provides strong volume guidance, and nears the launch of its mid-size SUV [12]

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 ...