Exactly five years ago, it was worth less than $30 billion. For comparison, Lucid is worth roughly $32 billion right now. So how did Tesla increase its market cap 25-fold in just five years?
Where will Lucid Motors’ stock be in five years?
May 28, 2021 · In terms of cash flow, Lucid expects that it will allocate $1.9 billion for capital expenditures (capex) in 2023 -- the highest amount over the next five years -- presumably to prepare for the ...
What will LCID stock price be worth in five years?
Nov 29, 2021 · Lucid plans to increase its annualized production run rate from 20K by 2022 to 500K by 2030. That would represent an incredible 49.5% CAGR over eight years. Therefore Lucid expects to match Tesla ...
How much is lucid worth today?
Apr 12, 2022 · 50/200 Day Moving Average: $25.65 / $29.95 This figure corresponds to the average price over the previous 50/200 days. For Lucid Group stocks, the 50-day moving average is the resistance level today.
What is the price target for lucid group (LCID)?
Jun 13, 2021 · Over the next three to five years, Lucid’s stock will meaningfully outperform Tesla’s from current levels. ... And by the end of 2020, Tesla …
What will Lucid stock be worth in 2030?
Lucid stock Price Prediction by year 2022 to 2030Lucid stock Price Prediction by YearMinimum PriceAverage PriceLucid stock Price Prediction 2027$5.53$5.75Lucid stock Price Prediction 2028$7.86$8.35Lucid stock Price Prediction 2029$11.28$11.75Lucid stock Price Prediction 2030$16.09$16.626 more rows•Mar 23, 2022
Is Lucid a good stock to buy long-term?
Lucid Motors stock is a promising long-term EV stock that started deliveries of its first electric vehicle in late Oct. 2021. Shares of Lucid Motors are more than 60% off their 52-week high and not at a proper buy point, so the stock is not a buy right now.Apr 7, 2022
Does Lucid have a future?
Lucid claims to have sufficient capital to keep factories operating through 2022 and meet the production goals of 20,000 cars in 2022 and 50,000 vehicles in 2023. Based on hopes for the future, investors in Lucid have endowed the company with a market capitalization that rivals that of the Ford Motor Company.Mar 11, 2022
Where will Lucid Motors be in 5 years?
The 5 Year Outlook for Lucid Motors Sales of cars in the Middle East are also expected in 2022. With a factory in Saudi Arabia coming by 2026. The location of that factory has been rumored to be Jeddah.Jan 26, 2022
What is wrong with Lucid stock?
Lucid Motors reported fourth-quarter and full-year results at the start of the week, which unfortunately caused the stock to drop 15% after earnings were announced. The stock of Lucid Motors fell sharply as a result of the electric-vehicle company lowering its production target for 2022.Mar 3, 2022
Is Lucid better than Tesla?
Lucid Motors Beats Tesla in Range, Going 520 Miles on a Charge, EPA Says - The New York Times. Business|Lucid Motors beats Tesla in range, going 520 miles on a charge, the E.P.A. says.Oct 13, 2021
What will Lucid stock predictions?
Stock Price Forecast The 4 analysts offering 12-month price forecasts for Lucid Group Inc have a median target of 45.00, with a high estimate of 50.00 and a low estimate of 12.00. The median estimate represents a +121.35% increase from the last price of 20.33.
Can Lucid Motors succeed?
Lucid has superior Battery Technology and could be well positioned for great Q4 Delivery numbers. Lucid Group has developed a great team that has put them in a position to succeed for the next decade and beyond.Jan 3, 2022
Can Lucid be profitable?
In February 2021, Lucid had 7,500 reservations, rising to 9,000 by May for its Lucid Air, and as of last week, this has risen to 13,000, representing well over $1 billion in future sales if Lucid can execute. It is forecasting revenue of $2.2 billion in 2022 and that it will reach $22 billion in 2026 and be profitable.
Can Lucid stock reach $100?
Lucid Motors is in line for a huge 2022. Lucid wants to massively expand globally and could be in line for a great short squeeze soon.Jan 6, 2022
Is Lucid stock a buy?
LCID is currently valued by the market at 3.3 times consensus forward FY 2025 Enterprise Value-to-Revenue, which I deem as relatively fair. In my opinion, Lucid stock isn't nearing a buying point yet despite the recent share price correction, which makes the stock a Hold.Mar 29, 2022
Why is Lucid stock dropping?
Shares are falling in after-hours trading because production isn't ramping up fast enough for investors. Lucid (ticker: LCID) stock rose 10% in Monday's regular session. That was a good day for shares considering that the S&P 500 and Dow Jones Industrial Average fell about 0.2% and 0.5%, respectively.Feb 28, 2022
The share price of Lucid Group, Inc. (LCID) now
This figure corresponds to the average price over the previous 50/200 days. For Lucid Group stocks, the 50-day moving average is the resistance level today.
Historical and forecast chart of Lucid Group stock
The chart below shows the historical price of Lucid Group stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Lucid Group stock price can be found in the table below.
Lucid Group Daily Price Targets
Forecast target price for 09-14-2021: $ 19.68. Negative dynamics for Lucid Group shares will prevail with possible volatility of 2.077%.
Lucid Group forecast for this year
An uptrend is forecast for this month with an optimal target price of $ 19.9708. Pessimistic: $18.99. Optimistic: $20.89
Lucid Group information and performance
Lucid Group Inc (formerly Churchill Capital Corp IV) is engaged in manufacturing electric vehicles (EV). The Company’s car, Lucid Air, is a sedan. It features interior space in a mid-size exterior footprint. It uses electric vehicle technology for each type of car it builds.
How much is Tesla worth in 2020?
For all intents and purpose, Lucid Motors will be in five years where Tesla was around 2019 or 2020. And by the end of 2020, Tesla was worth $650 billion.
Who beat Tesla?
Lucid Motors beats Tesla at their own game. Lucid Motors is a luxury electric vehicle manufacturer — going public through a SPAC merger with Churchill Capital (NYSE: CCIV) — producing vehicles that don’t compromise on performance. And they’re appealing to a range of customers that Tesla has begun to leave behind.
Lucid Stock Performance After the SPAC Merger
CCIV stock popped 540% when rumors of the merger hit, going from $10 to $64. It quickly tanked and leveled off in the $20 range, but months later, we're starting to see new bearish momentum.
Lucid Stock Prediction 2025
The biggest reason early investors have piled out of Lucid was likely the apparent lag in its hallmark product release, the Lucid Air Dream Edition. Now that we're in September, the Q4 2021 projection is starting to look questionable.
Should You Buy Lucid Stock?
Lucid Motors has the pedigree and the team to make waves in the electric vehicle market.
What Lucid Stock Is Worth
By comparison TSLA stock trades for over 12 times 2021 forecast sales and 9.2 times 2022 forecast sales, according to Seeking Alpha’s survey of analysts. Let’s call it 10 times on average.
What To Do With LCID Stock
LCID stock could be worth nearly 90% more than its price today. However, keep in mind that this is completely dependent on the company producing $22.7 billion in sales by 2026. By comparison, Tesla is forecast to make about $50 billion in sales this year.
Lucid Motors' car sales in 2025
Lucid expects to manufacture 365,000 EVs per year starting from 2022. Its first car would be Lucid Air, which will go for production later this year. The vehicle will be followed by an SUV code-named Project Gravity in 2023. In 2025, the company expects to sell 42,000 Lucid Airs, 86,000 Gravity (SUVs), and 8,000 units of the new car.
Will Lucid Motors be profitable by 2025?
According to Lucid Motors’ projections made in the investor presentation, it expects to be profitable on gross profit and EBITDA profit basis by 2022 and 2024, respectively. The company expects to reach true profitability (net profit basis) by 2025. We know from Lucid's volume projections that it expects to deliver 135,000 vehicles by 2025.
CCIV-Lucid Motors 2025 forecast
Lucid Motors' own forecasts project it to be free cash flow positive by 2025. The problem is that these are just forecasts and going by them, the stock should be worth multiple times the current stock price. The real challenge lies in execution, which will start with the company delivering its first vehicle on schedule later this year.
CCIV as a long-term investment
Even based on the company’s own forecasts (which seem to be rosy at the moment), the stock seems expensive. It trades at a pro forma market capitalization of around $33 billion. Based on CCIV's current EV and 2023 revenues, it trades at a multiple of 5.1x, which is steep compared to most of its peers.
