Why is Lucid Motors so low?

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.

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.

Is Lucid Motors in financial trouble?

Lucid reported a loss in the fourth quarter of $473 million, down from a loss of $530 million in the previous quarter. The company does not expect to make a profit in 2023 as it continues to ramp up production, Sherry House, Lucid's chief financial officer, said in an interview.

Will Lucid stock ever recover?

Lucid may be a promising recovery play as we are heading into 2023. Shares of the EV firm have seen a strong down-side revaluation in 2022, but Lucid, I believe, has considerable potential in the luxury EV segment which most EV manufacturers are not serving.

Is Lucid a bad stock to buy?

Lucid is not a buy yet

For comparison, the S&P 500 index has an average P/S multiple of just 2.4, while Tesla trades for 7.9 times sales despite being a fast-growing and profitable company. That's not to say Lucid will always be a bad investment. The lack of economies of scale seems to be its biggest problem right now.

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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 stock a good buy?

Frankly, Lucid Group's capital position is a major concern for 2023. LCID stock could easily continue to lose value throughout the year. While circumstances might change in the future, the stock isn't a buy right now.

Why does Lucid stock keep dropping?

Lucid's drop comes after it reported third-quarter earnings late last week, and investors focused on one metric that was taken as an ominous sign. The stock dropped after that report, but continued to fall this week on more macroeconomic news.

What is the future of Lucid?

Lucid expects its growth to accelerate in 2023

After initially claiming it could produce 20,000 vehicles for the full year, it reduced its forecast to 12,000 to 14,000 last February, then halved that target to just 6,000 to 7,000 vehicles last August. It blamed supply chain constraints for the slowdown.

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.

What will Lucid stock be worth in 10 years?

It is possible Lucid could be above $200 by the end of the decade if all goes well. However, the EV market is becoming highly competitive and a lot of factors can impact the business going forward.

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.

Should I buy or sell LCID stock?

The consensus among 6 Wall Street analysts covering (NASDAQ: LCID) stock is to Buy LCID stock.

Has Lucid sold any cars?

In terms of Lucid Air deliveries, 4,369 cars were delivered in 2022 (compared to 125 a year ago). The difference between production and deliveries indicates 2,800 cars must be in transit (between the factory and customers). It's probably enough to easily set a new quarterly record in Q1 2023.

Can Lucid really compete with Tesla?

The analysts believe Lucid's vehicles provide longer range, faster charging, and higher efficiency than many other industry peers. For example, the Tesla Model S has a range of 405 miles, whereas the Lucid Air Dream Edition has a range of 520 miles, firmly beating Tesla.

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.

Is Lucid a buy sell or hold?

Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Lucid Group is 'Strong Hold'.

Who owns the most Lucid stock?

Largest shareholders include Public Investment Fund, Vanguard Group Inc, BlackRock Inc., Invesco Qqq Trust, Series 1, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VIMSX - Vanguard Mid-Cap Index Fund Investor Shares, Susquehanna International Group, Llp, State Street Corp, Geode Capital Management, ...

Is Lucid overvalued?

The intrinsic value of one LCID stock under the Base Case scenario is 4.92 USD. Compared to the current market price of 7.69 USD, Lucid Group Inc is Overvalued by 36%.

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.”

Can LCID stock reach $100?

However, based on our long-term forecast, it's unlikely that it will hit the $100 target in the near future. Instead, there's a chance that LCID stock may reach its target goal sometime between 2029 and 2030.

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.

What will Lucid stock be worth in 2023?

Currently, Lucid Motors is one of the fastest-growing manufacturers of electric vehicles. The company was to launch its first product all-electric SUV “Lucid” by 2020. It has been forecast that the share of Lucid may reach $ 45/share in 2023, 2024, and 2025. It will grow even more.