How to buy Lucid Motors (LCID) stock

Use our step-by-step guide to learn how to buy LCID stock and compare the best Lucid Motors trading platforms.
By:
Updated: Jul 6, 2023
Listen

A big part of learning how to buy Lucid Motors stocks is finding the best place to make your investment. Lucid Motors stocks are available to invest in through an online stock broker, and it usually takes just a few minutes to buy shares in Lucid Motors when following our step by step guide.

Where to buy Lucid Motors stock?

Copy link to section

The best stock trading platform to use to buy Lucid Motors stock is IG Markets .

Based on our research, we’ve ranked the top three brokers where you can buy Lucid Motors shares, according to how easy they are to use, how low their fees are, their safety and security rating, and average customer reviews.

Sort by:

1
Min. Deposit
$ 100
Best offer
User Score
9.9
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA

51% of retail CFD accounts lose money. Your capital is at risk.

2
Min. Deposit
$ 100
Best offer
User Score
9.9
Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3
Min. Deposit
$ 0
Best offer
User Score
9.0
Get insights from millions of investors, creators, and analysts
Build your portfolio of stocks, ETFs, and crypto–all in one place
No minimum deposit
Start Trading
Payment Methods:
Debit Card, Wire Transfer, Check, Bank Wire
Full Regulations:
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

Read more about how we test, rank & review platforms.

How to buy stock in Lucid Motors in 3 simple steps

Copy link to section

Buying Lucid Motors stock is quick and easy, all you need is an internet connection and a copy of your photo ID. Here’s how to do it.

Step 1. Sign up to IG Markets

Copy link to section

IG Markets is the best stock trading platform for beginners. Fill in your details to set up a brokerage account and attach a copy of your ID to verify it.

1
Min. Deposit
$ 100
Best offer
User Score
9.9
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA

51% of retail CFD accounts lose money. Your capital is at risk.

Step 2. Make a deposit

Copy link to section

Transfer money to your new account with your credit or debit card, a bank transfer, or an alternative payment method, like PayPal. The minimum deposit is £10.

Step 3. Buy Lucid Motors shares

Copy link to section

Search for Lucid Motors using the ticker, LCID. Click the ‘trade’ button and enter the details of your investment, such as how many shares you want to buy or how much you want to spend. Hit ‘trade now’ to invest in Lucid Motors and complete your purchase.

It’s as easy as that! You can buy Lucid Motors shares in just 10-15 minutes and now you’re a Lucid Motors shareholder.

Compare the best platforms to buy Lucid Motors stock

Copy link to section

1. eToro. Best for beginners, copy-trading & demo-account

Copy link to section

0% commission

Fees

$100

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it’s a trading platform built with beginners and casual traders in mind. eToro offers plenty of features that help guide you into the world of stock trading, whether that’s a risk-free demo account, the ability to copy other people’s trades, or regulatory licences from top-tier financial regulators in the US.

For a beginner, there’s no better place to start. The far-reaching catalog of more than 5,500 stocks and ETFs includes big names like Apple and Tesla, as well as smaller companies with high growth potential from the leading US stock markets. 

Armed with demo account worth $100,000 virtual dollars, credited to every new account, there are plenty of opportunities to try out a trading strategy that works for you. You can diversify your portfolio by size and category, and create passive income through dividends. If you’re on a tight budget, you can trade fractional shares, allowing you to invest in even the most expensive stocks for just $10. If you aren’t sure where to put your money, you can enlist your fellow traders to help.

eToro was one of the first platforms to make investing a truly social experience. Unique features like CopyTrader and CopyPortfolios allow you to join a community of more than 35 million other traders, follow the ones you like, and copy their stock or ETF portfolios directly to your own account. While some other services offer copy trading these days, eToro is the original and best.

When you do start trading for real, the fees are some of the most competitive in the business. Stocks and ETFs are completely commission free. There are no charges for using any of the social trading features, and a demo account is completely free as well.

All of this takes place on a trading interface that’s intuitive and simple to follow. With a few clicks, you can create an account and trade almost any asset you want. If you do encounter a problem, there’s an extensive help center and live chat support to solve the issue. Overall, this all combines to make the eToro app our most recommended platform for beginners.

Despite all the positives, there are still a few things to be wary of. Some of the spreads can be on the high side, relative to other platforms we’ve reviewed, while there’s no way to integrate your account with MT4, if that’s important to you. You can’t use eToro if you live in Nevada or New York State, and US citizens who live outside the US aren’t eligible for an account either.

Highlights

Visit eToro eToro Review

51% of retail CFD accounts lose money. Your capital is at risk.

2. Plus500. Best for international CFD trading*

Copy link to section

From 0.08%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to CFDs on over 2000 stocks.

Plus500 has something for all types of stock trader, no matter what level of experience. Its zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting.

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% and varies depending on the instrument. Additional fees include overnight funding depending on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3. Public. Best for sharing beginner trading ideas

Copy link to section
public.com logo

Spreads

Fees

$20

Minimum deposit

9,000

No. assets

No

Demo/virtual account

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments
You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Overview

We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

The fees: There are no fees for investing in stocks during regular trading hours in the US – 9.30am-4pm EST. There is a $2.99 fee for trades outside of regular hours.

Highlights

Visit Review
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

Fundamental analysis of Lucid Motors shares

Copy link to section

What is Lucid Motors’s total worth?

Copy link to section

Lucid Motors’s total net worth is $19.98 billion. This is its total market capitalisation, calculated by multiplying the number of shares outstanding on a stock exchange by the current share price.

How has Lucid Motors’s share price performed in recent years?

Copy link to section

The current Lucid Motors stock price today is $10.93, which is 82.84% below its all time high of $64.86, which it reached on 18 February, 2021. 

Overall, LCID is up 10.94% since it listed on the stock market.. The LCID share price is up 79.26% in 2024 with a 52 week high of $29.05 and a 52 week low of $6.09.

What is Lucid Motors’s EPS?

Copy link to section

Lucid Motors’s EPS is $1.09. EPS stands for earnings per share and is calculated by dividing Lucid Motors’s net profit by the number of shares outstanding. It gives you an idea of how valuable a company is.

What is the Lucid Motors P/E ratio?

Copy link to section

Lucid Motors’s P/E ratio is 10.03. The P/E, or price to earnings ratio, tells you how much you would have to pay per share for $1 of Lucid Motors’s earnings. 

It is calculated by dividing the share price by the earnings per share. You can use Lucid Motors’s earnings estimates to predict its future (or forward) P/E and set a target price you think the stock can reach.

What is Lucid Motors’s dividend yield?

Copy link to section

Lucid Motors’s dividend yield is 0%  The dividend yield tells you how much of Lucid Motors’s share price it gives back to shareholders in dividend payments every year. Lucid Motors does not pay any dividends.

Is Lucid Motors stock a buy or sell?

Copy link to section

The indicator below shows you live technical ratings for Lucid Motors stock on time frames from one minute to one month. 

It tracks a selection of key technical indicators on live market data, including moving averages, relative strength index (RSI), oscillators, and momentum.

This indicator should be used when you research Lucid Motors to help you decide whether to buy Lucid Motors shares. Past performance is no guarantee of future results. It is not investment advice or a recommendation from Invezz to buy this stock.

Is Lucid Motors a good investment for me? 

Copy link to section

The right answer is different for each person, so here is some information to help you decide whether to buy stocks in Lucid Motors.

  • It manufactures its cars at a $700 million facility. The company is headquartered in California and builds its vehicles at its $ 700 million manufacturing facility in Arizona. The facility has been designed to meet the company’s needs and is equipped with the latest technology to ensure the production of high-quality electric cars.
  • It went public via a SPAC. Lucid Motors went public in 2021 through a merger with a special-purpose acquisition company, Churchill Capital Corp. The merger allowed the company to raise capital and expand its operations quickly.
  • The largest shareholder is the Public Investment Fund of Saudi Arabia. The Public Investment Fund of Saudi Arabia is LCID’s largest shareholder. The fund privately invested in the company in 2019 and owns over 60% of its shares. 
  • Its flagship vehicle received 13,000 orders before production. Its flagship Air sedan received over 13,000 orders before production and an EPA rating of 520 miles, beating the Tesla Model S by 100 miles. Its stock price jumped by more than 100% on the back of its maiden deliveries.
  • It faces strong competition. Lucid Motors is a relatively new player in the electric car market and faces stiff competition from established players such as Tesla, Rivian, and Nio. The company must continue to produce high-quality electric cars and differentiate itself from its competitors to succeed in the market.

It’s always a good idea to think about any potential risks there might be as well. Use this summary of Lucid Motors’ pros and cons before you make a final decision on whether to buy Lucid Motors stock.

Pros

Copy link to section
  • The largest share holder of LCID stock is the Public Investment Fund of Saudi Arabai
  • It owns a $700 million manufacturing plant
  • Its flagship model has a longer range compared to other EVs

Cons

Copy link to section

Are there other ways to buy shares in Lucid Motors?

Copy link to section

Yes, you can invest in Lucid Motors stock in a few different ways. One option is to buy stock in Lucid Motors directly through an investment platform as laid out above, while another popular choice is to invest in a fund. 

Mutual funds provide instant diversification to your investment portfolio by investing in lots of companies at once. You can invest in a Nasdaq index fund to get exposure to Lucid Motors, or choose an electric vehicle ETF.

Another option is to use a social copy trading platform, like IG Markets . Find a trader who you like and copy their Lucid Motors trades directly to your own account. 

This can be a good investment strategy for beginners and a way to learn how to buy Lucid Motors shares from someone with more experience.

What are the fees for investing in Lucid Motors stock?

Copy link to section

It depends on the stock broker. Some platforms charge a flat fee per trade, others charge a commission as a percentage of the total trade value each time you buy Lucid Motors stocks.

Consider that there may be other costs to trading too. Other fees can include deposit and withdrawal fees, or inactivity fees if you don’t use your account for three months or more. 

These are the trading platforms that charge the lowest fees for buying stocks in Lucid Motors.

Trading platformTrading fees
eToro $0
Skilling $0
Capital.com $0
Degiro $0 (US) / £1.75 (UK)
AvaTrade 0.13% commission

How to sell Lucid Motors stock

Copy link to section

When you decide the time is right to sell and lock in some profit (or cut your losses), log into your broker account and navigate to your portfolio. 

From there, find your Lucid Motors stock and you’ll see a ‘sell’ option next to it. Click that to set the details of the trade (you don’t have to sell all your stocks at once) and sell back to cash.

Should I buy Lucid Motors stock now?

Copy link to section

It’s your investing goals and style that define whether now is a good time to buy. The current Lucid Motors stock price plays into it but ultimately it depends on your investment horizons.

  • If you’re a short term trader: the goal is to make money by buying and selling stocks regularly to secure a profit or avoid a loss. That can mean trading hourly, daily, or weekly but the focus is always on the near future. Traders learn how to buy stocks in Lucid Motors based on short term technical analysis and don’t hold shares for a long time, so any time can be a good time to buy LCID.
  • If you’re a long term investor: you’re more interested in long term price appreciation than whether a stock is up or down on any given day. The important thing is finding a stock with a strong foundation where you think the share price will be up over a period of months or years. If you think Lucid Motors’s fundamentals are solid then the best time to invest in Lucid Motors stock is after a dip or a pullback in price.

Most new traders sit somewhere between these two positions. You don’t want to actively trade Lucid Motors stock all hours of the day but you don’t want to wait years for a return either.

Either way, following LCID price news and analysis will help you decide when to dip your toe into the market.

Latest Lucid Motors news

Copy link to section
Lucid stock price analysis: a bargain or a value trap?
Lucid Group (NASDAQ: LCID) stock price has been in a strong freefall this year as concerns about its cash burn continued. It has crashed by over 35% this year, joining other popular EV companies like Tesla, Rivian, and VinFast that have plunged by double digits. This plunge has brought its market ca
Lucid reports 16% revenue growth for Q1: find out more
Lucid Group Inc (NASDAQ: LCID) is down 7.0% after the bell on Monday even though it came in ahead of sales estimates for its fiscal Q1. Why is Lucid stock down in after-hours? The stock is taking a hit primarily because $LCID lost more money on a per share basis than expected. On the plus […]
This EV risk is bad news for EV stocks like Rivian, Lucid, MULN, GOEV
It’s no secret that this is not a good year for EV stocks like Rivian, Tesla, Mullen Automotive, Canoo (GOEV), and Lucid Motors as most of them have tumbled hard. In a previous article, I warned that these companies face a difficult time as China’s EV companies like Nio, BYD, and Li Auto boost their
Lucid (LCID) stock price forecast: EV demand has ‘died’
Lucid (NASDAQ: LCID) stock price has moved sideways this month as concerns about the EV industry have risen. The stock was trading at $3.65, which is much higher than last month’s low of $2.52. Like other EV stocks, Lucid Group shares have plunged by double-digits from their all-time highs.  Lu
Another bad report for EVs: Polestar, Nikola, FFIE, LCID stocks at risk
Electric vehicle stocks are off to a bad start in 2024. After a fairly strong year, Tesla (NASDAQ: TSLA) stock price has plunged by 4.2% while Rivian is down by over 7.5% this year. Other EV stocks like Polestar, Nikola, Lucid Motors, and Nio have done worse and there is a risk that the trend [&hell
Lucid CFO just stepped down: here’s what it means for the stock
Shares of Lucid Group Inc (NASDAQ: LCID) tanked about 10% this morning after the EV maker said Sherry House has decided to step down as its Chief Financial Officer. Gagan Dhingra named the new CFO of Lucid House is leaving immediately to pursue other opportunities, as per the company’s press release
Register now and buy LCID stoc

FAQs

Copy link to section
Is Lucid Motors stock overvalued?
Do I have to pay capital gains tax on any profits I make?
What is Lucid Motors’s ticker symbol?
Does Lucid Motors pay dividends?
Is Lucid Motors ESG friendly?


Sources & references
Risk disclaimer
Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.