Lucid Motors (LCID)
About Lucid MotorsCopy link to section
What is Lucid Motors?Copy link to section
Lucid Motors is an American company that designs, manufactures, and sells electric vehicles. Founded in 2007 under the name Atieva, the company was originally in the business of producing batteries for EVs before moving into developing luxury EVs from its manufacturing plant in Arizona.
Lucid is headquartered in Newark, California and received significant financial backing from Saudi Arabia’s Public Investment Fund, which invested over $1 billion into the company in 2018.
How does Lucid Motors make money?Copy link to section
It makes most of its money by selling electric vehicles from its fleet of four models, including the Air Grand Touring, Air Touring, Air Pure, and Air Saphire.
Lucid also generates revenue from the energy side of its business. This includes charging infrastructure such as charging stations, battery storage systems, and energy storage.
What is Lucid Motor’s best selling product?Copy link to section
The Lucid Air sedan is the company’s best selling product, selling 4369 in 2022. The company has over 34,000 orders for its cars; however, logistics issues have resulted in manufacturing being slower than anticipated. The company also has an agreement with Saudi Arabia to buy 100,000 of its vehicles over the next ten years.
Who are the key executives at Lucid Motors?Copy link to section
Here’s a list of the executive team at Lucid Motors.
- Peter Dore Rawlinson. Chief Executive Officer
- Sherry House CPA. Chief Financial Officer
- Eric Bach. Sr. VP of Product & Chief Engineer
- Michael Bell. Sr. VP of Digital
- Steven David. Sr. VP of Operations
- Gagan Dhingra. VP of Accounting & Internal Controls and Principal Accounting Officer
- Maynard Joseph Um. Head of Investor Relations
- Jonathan Butler. Sr. VP, Gen. Counsel & Sec
- Jeff CurryJ. VP of Marketing & Communications
- Zak Edson. VP of Sales & Service
Where can I buy shares in Lucid Motors?Copy link to section
You can buy Lucid Motors stock on a stock trading platform. These platforms are extremely simple to use but there are different options to suit your specific needs. If you are a first-time investor you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.
Are there any other ways to invest in Lucid Motors?Copy link to section
The simplest way to invest in Lucid Motors is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to invest in the stock market more generally rather than focus on one company.
More about the LCID priceCopy link to section
What is the Lucid Motors stock price today?Copy link to section
The LCID stock price today is currently $8.51, as of 27 February, 2023. The price of Lucid Motors is down 66.52% in the past 52 weeks. You can use the live Lucid Motors stock chart to track the NASDAQ:LCID price in real time above, or compare the Lucid Motors value today to its past performance using the Lucid Motors financials tab at the top of this page.
What is the 52-week low for Lucid Motors stock?Copy link to section
The 52-week low for Lucid Motors stock is $6.09. LCID stock is currently 40.12% above the 52-week low.
What is the 52-week high for Lucid Motors stock?Copy link to section
The 52-week high for Lucid Motors stock is $29.05. LCID stock is currently 70.18% below the 52-week high.
What is the stock forecast for Lucid Motors?Copy link to section
The average Lucid Motors stock forecast has a price target of $41.20 by the end of 2023. Lucid Motors’s latest financial results, the broader economic outlook, and the industry’s competition all influence these forecasts.
It’s best to take analyst forecasts with a grain of salt but you can use their estimates to help you understand the weight of opinion about a stock. Read our latest Lucid Motors price forecast for more analysis and guidance.
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FAQsCopy link to section
Lucid Motors’s market capitalisation is $15.53 billion. This is calculated by multiplying the number of shares that have been issued by the current LCID share price. Another way of measuring this is enterprise value, which includes Lucid Motors’s debt obligations. Lucid Motors’s enterprise value is $13.74 billion.
It went public via a merger with special purpose acquisition company Churchill Capital IV Corp on 26 July, 2021. The listing raised $4.4 billion for the company and is the world’s largest electric vehicle SPAC.
The largest shareholder of Lucid Motors stock is The Public Investment Fund of Saudi Arabia which owns 66% of the company. Over 650 other institutional investors own shares in LCID stock, including the Vanguard Group (3.13%) and Blackrock (1.87%).
Its main competitors are other electric vehicle manufacturers such as Tesla. Here’s a quick look at some of its biggest competition.
No, Lucid Motors is a new company that has not been on the stock market for a long time and it has had no real reason to split its stock. Companies usually use stock spits to lower their share price as a way to attract more investors.
Lucid reports earnings four times a year at the end of each quarter. It reports in March, June, September, and December. The exact dates can change and the company will announce exactly when its earnings reports will be made available a few weeks before.
No, Lucid is a new company so it is unlikely to pay dividends. New businesses generally reinvest profits back into the business.
Latest Lucid Motors newsCopy link to section
Recent Lucid Motors’ analysisCopy link to section
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