Is Lucid making money?

Lucid reported fourth quarter revenue of $257.7 million and annual revenue of $608.2 million , ending the quarter with approximately $4.9 billion total liquidity, which is expected to fund the Company at least into the first quarter of 2024.

Is Lucid profitable?

Lucid is not profitable, and will most likely not be profitable for quite some time. Still, investors should factor in Lucid's profitability performance when evaluating the company.

How is Lucid doing financially?

Lucid Motors looks to carry Q4 momentum into 2023. You can check out the full Q4 and fiscal year 2022 report from Lucid Motors here, but we'll outline some of the key talking points below. Q4 revenue was $257.7 million for a total of $608.2 million for 2022.

Does Lucid have a future?

After dialing back expectations throughout 2022, investor confidence in Lucid Group seems to be growing once again. Given recent news out of the company, this makes sense. Earlier this month, the EV maker reported full-year production numbers for 2022 (7,180 vehicles).

Is Lucid stock 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.

Can Lucid Short Squeeze?! │ How HIGH Could Lucid Squeeze ⚠️ Lucid Investors Must Watch

Is Lucid going to 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.

Will Lucid stock reach $100?

“Bearish Scenario: If Lucid faces significant competition in the EV market or struggles to achieve its growth targets, LCID stock could potentially trade within the range of $50-$100 by 2030.”

Will Lucid make a comeback?

After dialing back expectations throughout 2022, investor confidence in Lucid Group seems to be growing once again. Given recent news out of the company, this makes sense. Earlier this month, the EV maker reported full-year production numbers for 2022 (7,180 vehicles).

Should I buy Lucid or 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.

Why is Lucid losing so much money?

Lucid Group's main problem — besides the fact that the company is still unprofitable — is that it doesn't have a stellar track record of EV sales. As it turns out, Lucid only delivered 4,369 EVs in 2022, or approximately 60% of the 7,180 vehicles that Lucid Group had produced.

Why is Lucid losing money?

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.

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.

How low will Lucid go?

The average price target for Lucid Group is $9.64. This is based on 8 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $13.00 ,the lowest forecast is $5.00. The average price target represents 22.49% Increase from the current price of $7.87.

Is Lucid Motors losing money?

As it continues to be a very low volume manufacturer, Lucid is losing a lot of money right now. In the third quarter, the company's operating loss was more than $687 million, as compared to $559 million in the second quarter, despite the sequential surge in revenue.

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.

How high is Lucid stock expected to go?

Stock Price Forecast

The 7 analysts offering 12-month price forecasts for Lucid Group Inc have a median target of 10.00, with a high estimate of 16.00 and a low estimate of 5.00. The median estimate represents a +18.62% increase from the last price of 8.43.

Will Lucid be delisted?

Lucid completed a merger with special purpose acquisition company (SPAC) Churchill Capital Corp. IV (CCIV) on July 23, 2021. As the merger completed, CCIV stock was delisted from the New York Stock Exchange (NYSE), where it had traded since July 2020.

Is Lucid a buy for long term?

Is Lucid Group a Buy? Over the long term, Lucid looks like a winner. The electric vehicle opportunity is expanding at a nice clip. And the company's niche focus on the luxury market could eventually give it good margins and product differentiation from mass-market rivals.

Is Apple going with Lucid?

The Apple Car Will Be Gunning For Tesla, Lucid And Rivian

The Apple Car will have the Tesla Model S and Lucid Air in its sights. But it's also possible base models will slot in above cars like the Tesla Model 3 and the Kia EV6 itself.

Where will Lucid Motors be in 5 years?

Lucid Motors will be selling hundreds of thousands of cars a year, at super-high price points, with extremely favorable margins. We're talking a $20-plus billion revenue company by 2026, with 20%-plus gross margins. For all intents and purpose, in five years, Lucid will be where Tesla was around 2019 or 2020.

Who is buying Lucid?

EV maker Lucid surges on report Saudi PIF to buy remaining stake | Reuters.