Lucid Group Plans New Model Launch, Production Set for 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Fool
- Intensifying Market Competition: Lucid Group's stock has plummeted 98% from its all-time high, reflecting investor concerns over its execution and competitiveness amid a rapidly intensifying electric vehicle market.
- New Model Progress: Lucid confirmed that its Midsize Platform is on track to begin production by late 2026, aimed at competing with the Tesla Model 3, which is crucial for scaling production and improving gross margins.
- Autonomous Driving Collaboration: Lucid is partnering with Nvidia to accelerate its path to Level 4 autonomous driving, planning to deliver one of the world's first privately owned passenger vehicles with this capability, enhancing its competitiveness in the future mobility market.
- Financial Challenges: Despite a 45% year-over-year revenue increase, Lucid reported an operating loss of $2.4 billion as of September 30, highlighting the cash flow pressures and profitability challenges the company faces during its expansion.
LCID
$12.3+Infinity%1D
Analyst Views on LCID
Wall Street analysts forecast LCID stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LCID is 18.82 USD with a low forecast of 10.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
1 Buy
9 Hold
2 Sell
Hold
Current: 11.820
Low
10.00
Averages
18.82
High
30.00
Current: 11.820
Low
10.00
Averages
18.82
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 own equipment and factories. It sells vehicles directly to consumers through its retail sales network and through direct online sales. Its vehicles include Lucid Air and Lucid Gravity. Lucid Air is an advanced car, featuring powertrain technology. It offers 420 miles of the United States 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 (when equipped with standard wheel covers). The Lucid Gravity provides the interior space and practicality of a full-size SUV within the exterior footprint of a mid-size SUV. It provides space for up to seven adults. It has engineered the Lucid Gravity 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.
