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Lucid Group Inc

Lucid Group Inc (LCID)

2.1038
-0.0262
( -1.23% )
Updated: 11:38:12

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
2.1038
Bid
2.10
Ask
2.11
Volume
23,458,212
2.06 Day's Range 2.13
1.93 52 Week Range 5.31
Market Cap
Previous Close
2.13
Open
2.10
Last Trade
1
@
2.1038
Last Trade Time
11:38:12
Financial Volume
$ 49,011,106
VWAP
2.0893
Average Volume (3m)
51,436,929
Shares Outstanding
3,011,686,560
Dividend Yield
-
PE Ratio
-2.24
Earnings Per Share (EPS)
-0.94
Revenue
595.27M
Net Profit
-2.83B

About Lucid Group Inc

Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains, and battery systems in-house using our own equipment and factory... Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains, and battery systems in-house using our own equipment and factory. Show more

Sector
Motor Vehicles & Car Bodies
Industry
Motor Vehicles & Car Bodies
Headquarters
Wilmington, Delaware, USA
Founded
-
Lucid Group Inc is listed in the Motor Vehicles & Car Bodies sector of the NASDAQ with ticker LCID. The last closing price for Lucid was $2.13. Over the last year, Lucid shares have traded in a share price range of $ 1.93 to $ 5.31.

Lucid currently has 3,011,686,560 shares outstanding. The market capitalization of Lucid is $6.41 billion. Lucid has a price to earnings ratio (PE ratio) of -2.24.

Lucid (LCID) Options Flow Summary

Overall Flow

Bearish

Net Premium

-1M

Calls / Puts

0.00%

Buys / Sells

0.00%

OTM / ITM

100.00%

Sweeps Ratio

0.00%

LCID Latest News

Lucid Announces Third Quarter 2024 Financial Results

Lucid Announces Third Quarter 2024 Financial Results PR Newswire NEWARK, Calif., Nov. 7, 2024 Produced 1,805 vehicles in Q3; on track for annual production of approximately 9,000...

Lucid Gravity Now Available to Configure and Order on the Lucid Motors Website

Lucid Gravity Now Available to Configure and Order on the Lucid Motors Website PR Newswire NEWARK, Calif., Nov. 7, 2024 Lucid Gravity Grand Touring starts at $94,900* and is available to order...

Lucid Gravity Orders to Open November 7, 2024

Lucid Gravity Orders to Open November 7, 2024 PR Newswire NEWARK, Calif., Oct. 29, 2024 Lucid Gravity Touring priced from $79,900, with Grand Touring trim priced from $94,900 and scheduled to...

Lucid Air Earns a Five-Star Overall Safety Rating from NHTSA for 2025

Lucid Air Earns a Five-Star Overall Safety Rating from NHTSA for 2025 PR Newswire NEWARK, Calif., Oct. 28, 2024 NEWARK, Calif., Oct. 28, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID...

HSBC Begins Major Restructuring; SAP’s Cloud Revenue Grows 25%; Logitech Shares Drop 7.3% Pre-Market

HSBC Holdings (NYSE:HSBC) – HSBC is undergoing a major restructuring under new CEO Georges Elhedery, focusing on cost-cutting and simplification. The merger of commercial and institutional...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.0862-3.936073059362.192.252.06527461042.14945056CS
4-0.1557-6.890905067492.25952.411.93720134122.14587158CS
12-1.3862-39.71919770773.494.081.93514369292.60397752CS
26-0.7712-26.82434782612.8754.431.93422954222.95266904CS
52-2.2062-51.18793503484.315.311.93379444623.1205236CS
156-46.4462-95.666735324448.5549.491.933200723310.55484628CS
260-23.1362-91.664817749625.2457.751.933412164314.88998744CS

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LCID Discussion

View Posts
TucsonPhil TucsonPhil 2 hours ago
CEOs resigning left and right. Just surprise announcements for Stellantis and Intel, with no transition plans in place. Shown the door. Is Rawlinson next?
πŸ‘οΈ0
Nukemtiltheyglow Nukemtiltheyglow 1 day ago
The Lucid Yahoo message board is ludicrous. So many Spammers and Yahoo can't or won't do anything about it. It used to be a fairly popular platform for investors, not anymore. 
👍 1
Nukemtiltheyglow Nukemtiltheyglow 6 days ago
I'm holding, IMHO Lucid should have some traction when they begin filling orders for "Gravity" At least that's what I'm waiting for to happen. 
👍 1
TucsonPhil TucsonPhil 2 weeks ago
Possibly. I would hope that the added production facilities are working prototype line for smaller version, in parallel with Gravity LRIP.
πŸ‘οΈ0
uksausage uksausage 2 weeks ago
Probably margin related. Make more money with Gravity and may be more in common with Air for production line savings
πŸ‘οΈ0
TucsonPhil TucsonPhil 2 weeks ago
I do not understand the Gravity release preceeding the smaller version. It seems a direct competitor to the Tesla 3 would have made more sense, from a revenue generating standpoint.
πŸ‘οΈ0
Zilidium Zilidium 2 weeks ago
I simply like the car, its lines, quality and performance all speak quality to me. Tesla, although groundbreaking and a nice product, does not turn my head. I'm in Lucid because it does.
👍️ 3
TucsonPhil TucsonPhil 2 weeks ago
A well reasoned response.

I believe the U.S. will increase oil production and net exports under the new administration. That should initially drive fuel prices down, until it forces the OPEC+ nations to restrict supply, in an attempt to drive prices back up.

Tensions within the Middle East will continue to rise, until some cataclysmic event, or miraculous peace accord, causes a huge shift in world markets.

In a distant EV future, petroleum lubricants will still be required within the drivetrain of EV, (bearings and rotating parts). Since use as a fuel will diminish, the price of lubricants will surely rise, in order to cover lost revenue from fuel production.

I see the PIF investment as a hedge against the eventual fall of their oil empire dominance. They have the capital to see this enterprise through to mass production and they would most likely decline any kind of merger/acquisition from Musk, but if the price is right, maybe.
πŸ‘οΈ0
Zilidium Zilidium 2 weeks ago
Lucid Motors has significant backing from the Public Investment Fund (PIF) of Saudi Arabia, which holds a majority stake in the company. This relationship complicates any potential acquisition, as the PIF's strategic interests may not align with a sale to Tesla. Additionally, Lucid has been expanding its operations, including plans for a manufacturing facility in Saudi Arabia, further entrenching its ties with the PIF.

Given these complexities, even if Tesla deemed the acquisition advantageous, executing such a deal would be challenging due to Lucid's existing commitments and ownership structure.
Even if Elon wanted to buy Lucid with his personal private funds he would still need approval from Lucid Motors' board of directors and its shareholders and the PIF. Is this plausible, sure, likely? nope.

Which Is Better?
Determining superiority depends on individual preferences and priorities:
Performance and Range: Lucid's Air models offer higher performance and longer range in certain configurations.
Infrastructure and Experience: Tesla's established charging network and broader vehicle lineup provide convenience and versatility.
Brand Maturity: Tesla's longer market presence may appeal to those valuing a proven track record.
Both manufacturers excel in different areas, and the choice between them should align with the investors specific goals and preferences.
👍 1
TucsonPhil TucsonPhil 2 weeks ago
With a market cap of $6B, Musk could use petty cash to acquire this company. Why doesn't he just buy it for the technology? Thoughts?
👍 1
TucsonPhil TucsonPhil 2 weeks ago
Maybe Musk will get a trump to allow Tesla merger, so he can acquire Lucid's better technology.

He would make the merged company more efficient and get the Saudi PIF out of the EV business.
πŸ‘οΈ0
motorcityAce motorcityAce 3 weeks ago
New lows coming
👍 1
Nukemtiltheyglow Nukemtiltheyglow 3 weeks ago
Zill, actually I used to ride a company subsidized vanpool to work 60+ miles one way. Since COVID, things have changed. Most people are telecommuting, working from home. That's about to end. People are not happy about driving 50-60 miles one way, fighting the traffic snarls on an overcrowded freeway. The stress levels are intense and increasing. I like the idea of EVs as I work at a Nuclear Power Plant. 3 things I see happening. The AI craze and buildout, EV usage increasing and (3) These two things alone will drive electricity demand way up so, we will require more electric generation. It's inevitable. So, three sectors to invest in going forward; AI, EVs and Electric Utilities. What's cool about Utilities is they pay a dividend. Very important when you consider people who are retired are usually on a fixed income. 
πŸ‘οΈ0
wiredawg wiredawg 3 weeks ago
WHOA!!! Today LCID has been upgraded by R. F. Lafferty as a buy at 4.0 Somebody is willing to be the first.
πŸ‘οΈ0
Zilidium Zilidium 3 weeks ago
If your are just commuting back and forth, than it should not be an issue. Of course thats assuming your total commute is less than 200+ miles per day. If you have a Level 2 charger, ~240 Volts AC, than it's surely a non issue. Currently commuting and needing to charge at home every few days or so...and thats during the Alaska winter!
👍 1
Monksdream Monksdream 3 weeks ago
Maybe you are right

πŸ‘οΈ0
Nukemtiltheyglow Nukemtiltheyglow 3 weeks ago
I currently drive a 6.7L Turbocharged Diesel that gets 21 + mpg. It's my commuter vehicle. I would love to get an EV. As there's hardly any upkeep. No fuel, no oil changes, no greasing driveline, no differential fluids, no transmission flushes. Recharging (electricity) is cheaper than fossil fuels. Only issue is charging stations (infrastructure). 
👍 1
Nukemtiltheyglow Nukemtiltheyglow 3 weeks ago
Double down 
πŸ‘οΈ0
PonkenPlonken PonkenPlonken 4 weeks ago
saudis dont want to let their green posterchild fail
👍 2
Monksdream Monksdream 4 weeks ago
LCID, 10Q 11/7
πŸ‘οΈ0
Monksdream Monksdream 1 month ago
LCID, new 52=week low
πŸ‘οΈ0
double_m double_m 1 month ago
double_m
Re: TucsonPhil post# 5705
Sunday, August 11, 2024 5:58:46 PM

Post# 5706 of 5722
The Saudis have come to the realization that the west is too busy swordfighting rather than commit, so they will target the mid-east market, starting with their own homeland. That's why they built that mega-factory in KAEC. I spent a lot of time in the region (Kuwait, Bahrain, Dubai, Fujarah, Qatar) and Hummers, Ferraris and Lamborghinis are always parked outside McDonalds and Dunkin' Donuts. There is a lot of personal wealth across the region and they love their toys with the latest technology.
πŸ‘οΈ0
Nezitic Nezitic 1 month ago
Because there are a lot of people who would like to drive with a sexy beautiful eye-catching car instead of a small woodshed that even a wind would blow it off the road. I'm sure they know what they're doing, no reason to doubt.
👍 2
TucsonPhil TucsonPhil 1 month ago
Not sure why they are going all-in on the Gravity SUV first, instead of focusing on the smaller version for commuters. We must assume they have done extensive market research and feels that two-earner families are more likely to buy than the 20 and 30 somethings that want to show off a flashy new vehicle. The younger generation is not putting money into retirement accounts the way previous generations have, and are opting for the YOLO lifestyle choices. I think Lucid management is a little out of touch with the market. Thoughts?
πŸ‘οΈ0
TucsonPhil TucsonPhil 2 months ago
They are offering another 262M shares, but the PIF and others are wanting to buy 374M shares. Looks like a wash to me, with PIF inching up their ownership percentage at a discounted price.
👍 1
Spuds McKenz66 Spuds McKenz66 2 months ago
hear ya LCID
πŸ‘οΈ0
TucsonPhil TucsonPhil 2 months ago
Look at EVGO action today, as an example of subsidies.
πŸ‘οΈ0
TucsonPhil TucsonPhil 2 months ago
With all of the tensions in the Middle East, how long before the U.S. government starts throwing money at Lucid, to wrestle some control away from the Saudi fund?
😕 1
TucsonPhil TucsonPhil 3 months ago
Can we get some positive surprises? How about an earlier release date for the smaller, more affordable, Tesla competitive vehicle.

Been a lot of news about people dumping the Tesla junk cars.
👍 1
TucsonPhil TucsonPhil 3 months ago
Yes, the worker problems will need to be addressed. I would think they will hire contract workers from outside the country, to do the heavy lifting, and to train the local employees.
πŸ‘οΈ0
Nukemtiltheyglow Nukemtiltheyglow 3 months ago
Okay me bad, I apologize, I thought you were talking about Casa Grande.

Lucid isn't building any vehicles in Saudi Arabia (KAEC) King Abdullah Economic City, only subassemblies. Eventually and yes this location is on the Sea. Great place to ship vehicles all over the world.

https://en.wikipedia.org/wiki/King_Abdullah_Economic_City

The one problem I see with building a factory in Saudi Arabia producing EVs is the talent and work ethic? Hopefully I'm wrong, as Peter Rawlinson may see something I don't? It could be too that the Saudi Government wants their people to work for a living rather than be given everything? Big Oil $$$ has influenced their lifestyles. people can change if given the right incentives.
πŸ‘οΈ0
TucsonPhil TucsonPhil 3 months ago
I was referring to the Saudi plant, as a shipping origin for Europe.
πŸ‘οΈ0
Nukemtiltheyglow Nukemtiltheyglow 3 months ago
Hi TucsonPhil,
How does a place like Casa Grande make for a good shipping point to European Markets? It's like saying Missoula, Montana is a good shipping point to European markets? I'm a native Arizonan and a fan of Lucid as I own shares, but I don't understand your point?
Don't get me wrong, I like Casa Grande and Lucid being in our state. Casa Grande has one railroad line and I-10 unless you know of something else? Magic carpet maybe? Inland waterway?
How do the cars get shipped economically? It has to be by Rail or Truck. Shipping by sea directly saves money. Maybe that's why Detroit besides being close to steel mills and the Great Lakes shipping is still in business, besides of course having plenty of skilled labor.

I ask the question? Why Casa Grande, AZ? I would venture to guess that land prices to build Lucid's factory had a lot to do with it? Plus, Casa Grande is between two large metropolitan areas with two major Universities nearby? UofA and ASU both have Engineering Colleges, however;
"ASU's Ira A. Fulton Schools of Engineering is the largest and most comprehensive engineering program in the United States."According to the following;
https://www.google.com/search?q=compare+asu+engineering+to+university+of+arizona+engineering&oq=Compare+ASU+engineering+to+University&gs_lcrp=EgZjaHJvbWUqBwgBECEYoAEyBggAEEUYOTIHCAEQIRigATIHCAIQIRigATIHCAMQIRigATIHCAQQIRigATIHCAUQIRigAdIBCjI1NDE5ajBqMTWoAgiwAgE&sourceid=chrome&ie=UTF-8
So, two biggies; Land and Talent. Other factors are; Cheap labor, housing and food availability. Think about setting up a factory in Los Angeles California? If the "Red tape"doesn't kill your project, finding a dependable labor force, a decent place to raise a family, affordable housing, dedicated work force and not losing your employees to a competitive job market would surely doom you. Why do you think Elon Musk moved to Texas from California?
πŸ‘οΈ0
Nukemtiltheyglow Nukemtiltheyglow 3 months ago
Barron's article: DJ Update: Tesla Stock Drops. Four Things That Might Be Moving Shares. -- Barrons.com
"This content was created by Barron's"..... Might & Created two buzz words that say "here's what we think" don't you agree? Even though I don't mind the publicity "Lucid taking the mantle from Tesla." What I really detest about the liberal media is they manufacture lies and try and tell you it's the truth. It's like watching Jim Cramer, if you didn't know any better, most people think his opinion matters?
πŸ‘οΈ0
Nukemtiltheyglow Nukemtiltheyglow 3 months ago
The Saudi net worth is $1.4Trillion, Volkswagens net worth is $55.24Billion.
Who has the deepest pockets?
Who answers to BOD and Shareholders?
Who’s going to win the battle for market share?
Lucid does have a lot of shares OS
They make a beautiful car β€œAir”
I saw one in Phoenix, it definitely caught my eye.
πŸ‘οΈ0
Rags2Riches Rags2Riches 3 months ago
Nice kitty ....purrrrrrrrrrrrrrr
πŸ‘οΈ0
Pastor Phil Pastor Phil 4 months ago
https://investorshub.advfn.com/Lucid-Group-Inc-LCID-38915
πŸ‘οΈ0
TucsonPhil TucsonPhil 4 months ago
Agreed, and their plant makes for a good shipping point to European markets. I see the Casa Grande plant as an export supplier for points south, and overseas rather than the U.S. market.
👍️ 1
double_m double_m 4 months ago
The Saudis have come to the realization that the west is too busy swordfighting rather than commit, so they will target the mid-east market, starting with their own homeland. That's why they built that mega-factory in KAEC. I spent a lot of time in the region (Kuwait, Bahrain, Dubai, Fujarah, Qatar) and Hummers, Ferraris and Lamborghinis are always parked outside McDonalds and Dunkin' Donuts. There is a lot of personal wealth across the region and they love their toys with the latest technology.
πŸ‘οΈ0
TucsonPhil TucsonPhil 4 months ago
I see the Saudi's playing the long game, by keeping them up and running, while less well-funded EV companies falter and go bankrupt.

It appears they are just playing a cold-war style arms race against the competition.
πŸ‘οΈ0
Bountiful_Harvest Bountiful_Harvest 4 months ago
Building production plants in a deflationary environment has some advantages. Goods, services and materials are less costly. Buy the materials you need during these periods, at a discount.

In light of the current economic environment, I don't think the share price will fare well this year, but does create buying opportunity for whenever the market bottoms out.

Lucid's forward thinking allows for success in the coming years. They have the funding now!
πŸ‘οΈ0
Bountiful_Harvest Bountiful_Harvest 4 months ago
The $1.5 billion investment from Saudi Arabia’s PIF should certainly set them up for success next year.

https://www.cbtnews.com/lucid-secures-1-5-billion-investment-from-saudi-arabias-pif-to-boost-suv-production/This financial boost ensures that the EV maker is sufficiently funded until the fourth quarter of 2025."Being sufficiently funded until the 4th qtr of 2025" -That's very important during this period.

Lucid making some smart moves and partnerships for the coming years...Sounds like Lucid will be ready to hit the ground running, for when the economy does turn around. Hoping we see the turn next year sometime...
πŸ‘οΈ0
Viewmont Viewmont 4 months ago
Lucid (LCID) shares are soaring in after-hours trading after reporting better-than-expected second quarter revenue. The EV maker also announced it has received a $1.5 billion commitment from the Public Investment Fund, Saudi Arabia's sovereign wealth fund.
πŸ‘οΈ0
Monksdream Monksdream 4 months ago
LCID 10Q due AUGUST 5
πŸ‘οΈ0
bzlegendz bzlegendz 4 months ago
2024 Lucid Air Vs. Mercedes-Benz EQS Sedan: Which Luxury EV Is BEST?
Wonder which EV is the best?
CarBuzz answers that exact question in their latest comparison video. Not only does the reviewer from CarBuzz fall in love with the exterior and interior styling of the Lucid Air but recognizes how it stands out in driving performance. Watch the comparison of Lucid Air and Mercedes-Benz EQS for yourself.1
πŸ‘οΈ0
bzlegendz bzlegendz 4 months ago
Today marked another step forward in our company’s journey.

This afternoon, fresh out of our state-of-the-art paint shop and resplendent in stunning Infinite Black, the first Lucid Gravity SUV pre-production bodyshell dropped down from the roof conveyor onto the main production line at our factory in Casa Grande, AZ, reaching a significant milestone on our path to full production.

This marks the beginning of the Lucid Gravity pre-production run on our assembly line. Each unit will help us perfect the process and will be used for final validation testing to ensure top-tier build quality in full-scale production. Stay tuned for more updates as we continue to prepare for the start of Lucid Gravity's production.

Not all EVs are born equal.
https://www.linkedin.com/feed/update/urn:li:activity:7221309854789816320/?utm_source=marketingcloud&utm_medium=email&utm_campaign=gravity-pre-prod_info_aud_en-us_hrs_gravity_20240723&utm_content=https%3a%2f%2fwww.linkedin.com%2ffeed%2fupdate%2furn%3ali%3aactivity%3a7221309854789816320%2f&utm_term=
πŸ‘οΈ0
TucsonPhil TucsonPhil 5 months ago
Further retreat, as tech markets are experiencing pullback this week. Long-term will be up. Waiting for next release, hopefully showing more Saudi share acquisition. This is a short squeeze waiting for a player.
πŸ‘οΈ0
guitartrader guitartrader 5 months ago
I was a happy flipper this week. Until yesterday lol. I have a fair amount as a long hold as well. Just a bump in the road imo.
πŸ‘οΈ0
guitartrader guitartrader 5 months ago
What is the concensus this morning? Bounce today? Or further collapse?
πŸ‘οΈ0
TucsonPhil TucsonPhil 5 months ago
The electric vehicle, and green/renewable energy economy future is in jeopardy with a climate-change-doubting administration. Subsidies will be cut as first order of business.
πŸ‘οΈ0

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