How to buy Lucid Motors (LCID) shares

Lucid Motors is an American luxury electric vehicle manufacturer. In this guide, find out everything you need to know before buying shares in Lucid Motors.
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Updated: Jun 13, 2022

This beginner friendly page tells you everything you need to know about Lucid Motors. We include its history, its stock market performance, and compare the best places to buy its shares.

Where to buy Lucid Motors stock

To buy stock in the company you’ll need to register with a broker. Below we’ve listed a selection of the top platforms around offering Lucid Motors shares. Simply click on the links to register right away. Alternatively, continue reading to learn more.

1
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Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
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CySEC, FCA
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We offer one of the best execution speeds in the industry with low latency
Award-winning support in 14 languages
Trade with precision from 0.5 pips on EURUSD
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How to buy Lucid Motors stock, a step-by-step guide

If you’re ready to buy shares in Lucid you can follow the steps below to get started. Don’t worry if you’re new to investing as the process isn’t too complicated.

Choose a broker and create an account

The easiest way to invest is by creating an account with an online broker. A broker is like a ‘middleman’ and lets you buy and sell shares in different assets. There are lots of factors to consider when choosing a broker like low transaction fees. You can check out our comparison table above to help you choose.

Once you’ve chosen your broker you’ll need to create an account. This is a quick process where you’ll need to enter you contact information and provide a form of ID. Once your account is verified, you’ll be ready to deposit funds.

Decide how much to invest

Next you’ll need to decide how much you plan to invest into Lucid Motors. Setting a budget is key and you should never invest more than you can comfortably afford to lose. It’s recommended that you split your money across a range of different assets so it’s not a good idea to put all of your money into a single stock. Lucid is a fairly new company so you should expect some volatility in its price.

Research Lucid Motors and its potential

You’ll want to conduct well balanced research into LCID before you make any investment decisions. A lot can impact its price and performance so you’ll need to consider a few factors. To judge how well it is doing you could look at its financial performance. You can head over to its investor relations page on its website to find its latest reports.

Place an order for LCID stock

When you’ve finished your research and are ready to invest, you can place your order for its shares. To do this simply log into your broker account and search for the ticker symbol LCID. You’ll then be taken to the Lucid Motors stock page where you’ll find up to date price information. If you’re happy with its price, enter the number of shares you want and hit buy.

Execute your order

Your order will be executed immediately if you placed it during open market hours. You may have a slight delay if your order is placed when the market is closed. Once executed, your trade will be live. You can check up on it in the open positions section of your broker account.

Review your investment regularly

The stock market can move quite quickly and prices can be impacted by a lot of factors. Its recommended that you review your investment at regular intervals and make any changes if you need to. One way to protect yourself is by using a stop loss order which will automatically close out your position at a set price.

What is Lucid Motors? And should I invest?

Lucid Motors was founded in 2007 and its initial business model was developing batteries for electric vehicles. In 2016 the company switched focus and announced plans to start manufacturing its own electric cars. It is now headquartered in California and builds its vehicles at a $700million manufacturing facility in Arizona.

You may want to consider buying shares in Lucid Motors, especially if you are attracted to the electric vehicle market. However, LCID is a newcomer to what is already a competitive industry, so you may want to take that into consideration. Although, other EV manufacturers have experienced tremendous growth in recent years and its possible Lucid could follow.

The Public Investment Fund of Saudi Arabia is LCID’s largest shareholder. The fund privately invested in the company in 2019 and owns more than 60% of its shares. Lucid went public in 2021 after merging with a special purpose acquisition company, Churchill Capital Corp.

How has the company performed in recent years?

Since Lucid Motors has only been trading on the stock market for a short period of time, there is not much historical price information for it. However, since its SPAC deal, the company has made some positive moves, including completing the manufacture of its first batch of cars.

In October 2021 it began delivering its first electric car to customers after starting to build them in September of the same year. Its flagship Air sedan received more than 13,000 orders prior to production and received 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.

However in early 2022 it announced it was scaling back production due to supply chain issues. It had committed to manufacture and deliver 20,000 cars which it cut to just 12,000 resulting in a drop in its share price.

Is it a good time to buy Lucid Motors shares now?

Yes it could be and the company operates in a fast moving space with lots of growth potential. However, prior to investing, it’s a good idea to take a deep dive into its fundamentals. Lucid Motors is relatively new to the EV sector and there is already a lot of competition from the likes of Tesla, Rivian, and Nio.

LCID has a lot in common with some of its competitors, although one of its top draws is its backing from the Public Investment Fund of Saudi Arabia. According to the company, it has cash reserves to take it through the next few years. It has a growing waiting list for its cars and a manufacturing facility capable of producing its orders.

If you do decide to invest in Lucid Motors, it’s a good idea to keep an eye on what the experts are saying. You can check out the links below for the latest market analysis on LCID. You may also find it helpful to visit our Lucid Motors price prediction page, where you’ll find long and short term outlooks for the company.

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Ways to invest in LCID

  • Buy Lucid Motors shares. The easiest way to invest in the company is to buy shares in it. This means you’ll own part of Lucid and your investment will rise and fall inline with its performance.
  • Invest in Lucid Motors ETFs. Exchange traded funds are another easy way to invest in Lucid. ETFs invest in a range of stocks or industries and you’ll find LCID in many which are focused on the electric vehicle sector.
  • Invest in Lucid Motors funds or trusts. Funds are similar to ETFs, although they are managed by a professional fund manager who buys and sells assets according to their own expertise.
  • Trade Lucid Motors. If you have a short term outlook for its price, trading may be a better option. You can use things like CFDs to bet if its price will move up or down within a short period of time.
  • Spread betting. Spread betting is another way to bet on short term price movements for LCID. Similar to CFDs you can place short term trades for its price to either rise or fall. One benefit of spread betting is that any profits you make are tax free.

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Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.