Lucid Group, Inc., a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services. The company is headquartered in Newark, California. Lucid Group, Inc. is a subsidiary of Ayar Third Investment Company.
EV Tech Trailblaze | Lucid Group leads in EV powertrain innovation, boasting superior battery efficiency and range in its luxury vehicles, with potential for lucrative technology licensing |
Production Predicament | Despite strong demand, Lucid faces significant challenges in scaling production and achieving positive margins, crucial for long-term viability in the competitive EV market |
Expanding Horizons | Lucid's upcoming Gravity SUV and midsize platform vehicle aim to broaden market reach, with analysts projecting production to potentially reach 17,000-20,000 units by 2025 |
Financial Crossroads | With a $5.16B liquidity cushion and backing from Saudi PIF, Lucid navigates high cash burn and negative margins. Analyst price targets range from $2 to $4 per share |
Metrics to compare | LCID | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipLCIDPeersSector | |
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P/E Ratio | −2.3x | −0.4x | 10.9x | |
PEG Ratio | −0.45 | −0.05 | 0.02 | |
Price/Book | 2.2x | 0.3x | 1.4x | |
Price / LTM Sales | 8.2x | 1.1x | 0.9x | |
Upside (Analyst Target) | 12.7% | 11.2% | 18.7% | |
Fair Value Upside | Unlock | 22.4% | 8.9% | Unlock |