GraniteShares 2x Long LCID Daily ETF (LCDL) and GraniteShares 2x Long RIVN Daily ETF (RVNL) Launch Today.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2025
0mins
Should l Buy LCID?
Source: Newsfilter
Launch of New ETFs: GraniteShares has introduced two new leveraged single-stock ETFs, the GraniteShares 2x Long LCID Daily ETF and the GraniteShares 2x Long RIVN Daily ETF, which provide investors with daily leveraged exposure to Lucid Group and Rivian Automotive stocks.
Target Audience and Risks: These ETFs are designed for sophisticated investors looking to capitalize on short-term stock movements, but they come with significant risks including potential loss of principal and volatility, making them unsuitable for all investors.
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Analyst Views on LCID
Wall Street analysts forecast LCID stock price to rise
6 Analyst Rating
1 Buy
4 Hold
1 Sell
Hold
Current: 9.240
Low
10.00
Averages
17.00
High
30.00
Current: 9.240
Low
10.00
Averages
17.00
High
30.00
About LCID
Lucid Group, Inc. is a technology company, which designs, engineers, and manufactures electric vehicles (EVs), EV powertrains, and battery systems in-house using its equipment and factories. It sells vehicles directly to consumers through its retail sales network and through online channels. Its vehicles include Lucid Air and Lucid Gravity. Lucid Air is an advanced sedan, featuring powertrain technology. It offers 420 miles of Environmental Protection Agency (EPA)-estimated range, with an 84-kWh battery pack. The Lucid Air Sapphire is the highest-performance version of the Lucid Air, boasting 1,234 horsepower from three motors, 427 miles of an EPA-estimated range. The Lucid Gravity provides the interior space and practicality of a full-size sport utility vehicle (SUV) within the exterior footprint of a mid-size SUV. It provides space for up to seven adults. It has engineered the Lucid Gravity Grand Touring to deliver up to 450 miles of EPA-estimated range.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Oil Price Decline: WTI crude oil prices fell by over 3% on hopes of US-Iran negotiations, which could alleviate global oil and gas shortages, impacting the earnings outlook for related energy companies.
- Inflation Data Impact: The US March PPI rose by 4.0% year-on-year, below the market expectation of 4.6%, indicating that the impact of high fuel prices on inflation is slowing, which may influence the Federal Reserve's monetary policy decisions.
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- Increased EV Appeal: The volatility in oil prices is prompting more Americans to consider electric vehicles (EVs), as electricity prices are more stable and cheaper, making EVs an ideal choice to break the vicious cycle of rising fuel costs, which is expected to drive long-term growth in the EV market.
- Fuel Cost Savings: For instance, a Ford F-150 owner switching to the now-discontinued F-150 Lightning could save approximately $1,900 annually in fuel costs, a significant financial incentive that is likely to attract more consumers to EVs and further boost market demand.
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- Capital Raising Plan: In documents filed on April 14, the company revealed plans to raise over $1 billion through various financing methods, including investments from Uber and Saudi Arabia's Public Investment Fund, as well as a $300 million stock offering, aimed at enhancing financial stability.
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See More
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- Oil Price Impact: The Iran conflict has disrupted oil flows through the Strait of Hormuz, causing oil prices to rise again, with historical spikes reaching $5.01 per gallon due to geopolitical events, highlighting the necessity of EVs as an alternative.
- Lucid Production Challenges: Lucid produced 5,500 vehicles in March but delivered only 3,100, with a total of 15,841 deliveries last year, indicating significant scaling challenges compared to giants like Tesla and BYD.
- Investor Patience Required: While EVs help address oil and gas price issues, companies like Rivian and Lucid face high cash burn and substantial losses, necessitating investor patience as they work through production hurdles and strive for profitability.
See More
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- Increased Shareholder Investment: The company also announced a $750 million investment from the Saudi Public Investment Fund, which will support future growth plans, leading to a roughly 5% rise in shares during premarket trading, reflecting market confidence in the new leadership.
- Expanded Partnership with Uber: Uber will invest an additional $200 million in Lucid and has committed to purchasing at least 35,000 Lucid vehicles designed for its future global robotaxi service, significantly increasing from the previously announced 20,000 vehicles, showcasing Uber's trust and support for Lucid.
- Strategic Direction Change: Napoli's appointment is seen as a major strategic shift for Lucid, with his expertise in capital allocation and operational efficiency expected to be critical for the company's future plans involving midsize EVs and new autonomy initiatives, positioning Lucid for growth in the competitive electric vehicle market.
See More
US Stocks Rise on Hopes of Iran Ceasefire Negotiations
- Market Rebound: The S&P 500 index rose by 0.39%, the Dow Jones Industrial Average increased by 0.13%, and the Nasdaq 100 index climbed by 0.76%, reflecting investor optimism regarding potential extensions of the ceasefire between the US and Iran, thereby boosting market confidence.
- Oil Price Decline: WTI crude oil prices fell by over 3% on hopes of US-Iran negotiations, which could alleviate global oil and gas shortages, impacting the earnings outlook for related energy companies.
- Inflation Data Impact: The US March PPI rose by 4.0% year-on-year, below the market expectation of 4.6%, indicating that the impact of high fuel prices on inflation is slowing, which may influence the Federal Reserve's monetary policy decisions.
- Earnings Season Approaches: Q1 earnings for the S&P 500 are projected to increase by 12% year-on-year, but excluding the technology sector, growth is only expected to be around 3%, indicating signs of economic slowdown that could affect investor confidence in the market.
See More
Volatile Oil Prices Boost EV Demand Among Americans
- Increased EV Appeal: The volatility in oil prices is prompting more Americans to consider electric vehicles (EVs), as electricity prices are more stable and cheaper, making EVs an ideal choice to break the vicious cycle of rising fuel costs, which is expected to drive long-term growth in the EV market.
- Fuel Cost Savings: For instance, a Ford F-150 owner switching to the now-discontinued F-150 Lightning could save approximately $1,900 annually in fuel costs, a significant financial incentive that is likely to attract more consumers to EVs and further boost market demand.
- Challenges for Young EV Makers: While emerging EV manufacturers like Rivian and Lucid are well-positioned in the global EV surge, they face challenges such as hefty cash burn and significant losses, with Lucid delivering only 15,841 vehicles in 2022, highlighting the long road ahead for scaling their operations.
- Production Bottleneck Issues: Lucid encountered a 29-day production disruption for its Gravity SUV in Q1 2026 due to supplier quality issues, underscoring the challenges young EV manufacturers face in production, necessitating investor patience to navigate these risks.
See More
Lucid Group's Q1 Revenue Misses Expectations, Shares Drop
- Revenue Warning: Lucid Group pre-announced Q1 revenue between $280 million and $284 million, significantly below Wall Street's $433.8 million estimate, resulting in a 5% drop in share price, indicating market disappointment with its performance.
- Capital Raising Plan: In documents filed on April 14, the company revealed plans to raise over $1 billion through various financing methods, including investments from Uber and Saudi Arabia's Public Investment Fund, as well as a $300 million stock offering, aimed at enhancing financial stability.
- Widening Operating Loss: Lucid expects an operating loss between $985 million and just over $1 billion for Q1, closely matching last quarter's $1.06 billion loss and significantly higher than the $692 million loss in the same quarter last year, reflecting challenges in cost control and market demand.
- Delivery and Production Discrepancy: Although Lucid produced 5,500 vehicles in Q1, it only delivered 3,093, possibly due to unmet delivery deadlines or insufficient sales, highlighting competitive pressures in the market, with full earnings report set for May 5.
See More
Lucid Group Appoints New CEO and Secures Financing
- Executive Change: Lucid Group has appointed Silvio Napoli as the new CEO, bringing over three decades of experience from Schindler Group, where he served as CEO and chairman, which is expected to enhance the company's growth strategies moving forward.
- Financing Boost: The company secured a $750 million financing round from Saudi Arabia's sovereign wealth fund, including $550 million in new investments, while Uber has expanded its commitment by promising to purchase at least 35,000 Lucid vehicles, indicating strong market confidence in the company's future.
- Financial Challenges: Despite achieving a 68% revenue growth in 2025, Lucid's operating losses have surged to approximately $3.5 billion, with cash and equivalents down over $600 million from the previous year, highlighting the ongoing high cash burn issues the company faces.
- Market Outlook: Analysts project Lucid's revenue to grow another 67% in 2026, but with an expected loss of $7.34 per share, indicating improvements yet insufficient to attract strong investor interest, leading to a cautious market sentiment regarding its future performance.
See More
Electric Vehicle Market Prospects and Challenges
- EV Market Potential: Tesla's success has paved the way for young EV makers like Rivian and Lucid, positioning them as potential long-term winners amid a global surge in EV demand, particularly against the backdrop of volatile oil prices.
- Oil Price Impact: The Iran conflict has disrupted oil flows through the Strait of Hormuz, causing oil prices to rise again, with historical spikes reaching $5.01 per gallon due to geopolitical events, highlighting the necessity of EVs as an alternative.
- Lucid Production Challenges: Lucid produced 5,500 vehicles in March but delivered only 3,100, with a total of 15,841 deliveries last year, indicating significant scaling challenges compared to giants like Tesla and BYD.
- Investor Patience Required: While EVs help address oil and gas price issues, companies like Rivian and Lucid face high cash burn and substantial losses, necessitating investor patience as they work through production hurdles and strive for profitability.
See More
Lucid Appoints New CEO, Shares Rise 5%
- New CEO Appointment: Lucid has appointed Silvio Napoli, former chairman and CEO of Schindler Group, as its new CEO, marking a significant shift following the abrupt departure of founder Peter Rawlinson in February 2025, with Napoli expected to officially take over in the coming weeks.
- Increased Shareholder Investment: The company also announced a $750 million investment from the Saudi Public Investment Fund, which will support future growth plans, leading to a roughly 5% rise in shares during premarket trading, reflecting market confidence in the new leadership.
- Expanded Partnership with Uber: Uber will invest an additional $200 million in Lucid and has committed to purchasing at least 35,000 Lucid vehicles designed for its future global robotaxi service, significantly increasing from the previously announced 20,000 vehicles, showcasing Uber's trust and support for Lucid.
- Strategic Direction Change: Napoli's appointment is seen as a major strategic shift for Lucid, with his expertise in capital allocation and operational efficiency expected to be critical for the company's future plans involving midsize EVs and new autonomy initiatives, positioning Lucid for growth in the competitive electric vehicle market.
See More
