Is Lucid car safe?

2022 Lucid Air Euro NCAP test results: Adult Occupant protection - 90 percent. Child Occupant protection - 91 percent. Vulnerable Road Users protection - 78 percent.

Will Lucid cars survive?

Lucid, which has the backing of Saudi Arabia's sovereign wealth fund, has $4.9 billion in cash, enough to survive at least through the first quarter of 2024, the company said in an earnings report on Wednesday. Sales in the last three months of 2022 were $258 million, up from $195 million in the third quarter.

Is Lucid Air better than Tesla?

The Lucid Air outperforms the Tesla Model S in available options for maximum range on a single charge. Lucid offers up to 516 miles, nearly 30-percent more than Tesla's highest range of 405 miles. Lucid's lowest option is also greater than Tesla's lowest option: 410 miles to Tesla's 396 miles.

Is Lucid a Chinese company?

We just reported that Lucid Motors, a US-based electric car startup that rivals Tesla, has opened one of its first retail and service centers in Europe.

Does Lucid cars have a future?

Lucid Group has been trying to compete with Tesla by offering luxury electric vehicles. The company recently announced that it exceeded expectations for vehicle production in 2022.

Euro NCAP Crash & Safety Tests of Lucid Air 2022

Is Lucid worth buying?

I think Lucid is still worth buying as a speculative growth play in this tough market. It could still be a potential multibagger if it overcomes its growing pains, ramps up its production, and pulls buyers away from Tesla and other high-end EV makers. But it could be a volatile choice that requires a lot of patience.

Has Lucid sold any cars?

Two years ago, in fact, we were talking about just 125 vehicles sold. In 2022 things were certainly better, with sales rising and increasing by gradually. The total number of cars sold was about 4,369, compared to a production capacity that exceeds 7,000 units.

Why is Lucid stock dropping?

Lucid is evidently facing two problems: cancellation of reservations and fewer new orders because of long wait times. To top that, Lucid said it ended 2022 with only $1.7 billion in cash and equivalents versus $6.3 billion as of the end of 2021.

Can Lucid use Tesla chargers?

If you charge it at a Tesla Supercharger or any other DC charging station, the car's battery can accept up to 300 kW of power. However, the average charging rate will be lowered to extend the battery life.

Why does Lucid cost so much?

So, why is Lucid boosting its prices so soon after entering production on the air? Rising costs, of course. The ongoing global supply chain issues (which include the semiconductor shortage), coupled with COVID-related factory closures in China, mean that Lucid's costs are going up.

Which is faster Tesla or Lucid?

Interestingly, the Lucid isn't that much quicker than the Tesla to reach 60 mph (96 km/h) from standstill, as both get there in about 2.1 seconds, with a 0.03-second advantage to the former.

Is Lucid heavily shorted?

Lucid is a heavily shorted stock, meaning bearish investors have borrowed shares they don't own and sold them, betting they can buy them back later at a lower price.

Is Lucid in debt?

Lucid long term debt for 2022 was $2.073B, a 4.03% increase from 2021. Lucid long term debt for 2021 was $1.993B, a INF% increase from 2020.

Why is Lucid stock so cheap?

Luxury electric vehicle maker Lucid Motors missed Wall Street estimates for fourth-quarter and full-year 2022 revenue, as well as 2023 production and delivery goals, causing the company's stock price to tumble almost 10% in after-hours trading.

How overvalued is Lucid?

There appears to be a shift in the electric vehicle (EV) industry. Whereas during the last few years, demand was outstripping supply, the inverse now appears to be the case with there being a glut of supply amidst dwindling demand.

Why is Lucid struggling?

The Newark, California-based company, which was already battling supply chain and logistics issues and struggling to deliver cars, was hit by aggressive price cuts sparked by Tesla Inc (TSLA. O) that lured consumers away from its luxury cars amid rising interest rates and soaring inflation.

How long is the Lucid wait list?

Current reservations are seeing about 2-3 months from VIN assignment to Delivery, or 4-5 months from Confirmation to Delivery in some cases.

How is Lucid doing financially?

Lucid Announces Fourth Quarter and Full Year 2022 Financial Results, Exceeds Annual Production Guidance With 3,493 Vehicles in Q4 and 7,180 in the Full Year 2022.

Where will Lucid stock be in 5 years?

Lucid Stock Price Prediction 2025 | Lucid Stock Forecast 2025. In 2025, expert forecasts estimate an average price of $57.53 for Lucid stock. If the company's current growth trajectory continues, there is potential for the stock to reach a maximum forecast of $71.99.

Will Lucid ever recover?

With production ramping up in the second half of this year, Lucid is in a strong position to hit the ground running in FY 2023. The expectation is for Lucid to see 260% revenue growth next year as FY 2023 will be a crucial year for the company regarding its production ramp.

Will Lucid car price go down?

Lucid CEO Peter Rawlinson has said that prices for the company's vehicles will come down over time and that startups often have to launch with their most expensive products.