Lucid Group, Inc.
- Open
- 5.00
- Day high
- 5.03
- Day low
- 4.82
- Prev close
- 5.01
- Volume
- 10.8M
- Mkt cap
- $1.9B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 1.0
- P/S
- 1.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$7K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions accumulating (13F)
Lucid Group, Inc. (LCID) is a Consumer Cyclical company listed on NASDAQ. The stock is down 72% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4). Drillr has 4 published research articles covering LCID.
Lucid Group, Inc. (LCID) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
LCID earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 4, 2026 | $-2.41 | $-3.30 | -36.9% | $405M | +6.2% |
| May 5, 2026 | $-2.72 | $-3.46 | -27.2% | $282M | -21.2% |
| Feb 24, 2026 | $-2.49 | $-3.62 | -45.4% | $523M | +0.7% |
| Nov 5, 2025 | $-2.32 | $-3.31 | -42.7% | $337M | -28.9% |
| Nov 7, 2024 | $-0.30 | $-0.28 | +6.7% | $200M | +1.0% |
| Feb 21, 2024 | $-0.28 | $-0.29 | -3.6% | $157M | -12.6% |
| Feb 22, 2023 | $-0.39 | $-0.40 | -2.6% | $258M | -14.8% |
| Aug 3, 2022 | $-0.44 | $-0.33 | +25.0% | $97M | -33.1% |
| May 5, 2022 | $-0.30 | $-0.05 | +83.3% | $58M | +3.8% |
| Feb 28, 2022 | $-0.26 | $-0.37 | -42.3% | $26M | -28.2% |
| Nov 15, 2021 | $-0.22 | $-0.41 | -86.4% | $232000 | -13.8% |
| Jun 25, 2021 | — | $-12.54 | — | $4M | — |
LCID insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 7, 2026 | DE BOCK ALEXANDERofficer: Chief Financial Officer | Grant | 501,622 | — |
| Aug 5, 2026 | Winitzer Oridirector | Sell | 1,000 | $7.46 |
| Jun 9, 2026 | Boussaid Taoufiqofficer: Chief Financial Officer | Tax | 8,393 | $5.68 |
| Jun 9, 2026 | Dhingra Gaganofficer: SVP Finance & Accounting | Tax | 6,801 | $5.68 |
| Jun 9, 2026 | Winterhoff Marcofficer: Chief Operating Officer | Tax | 15,263 | $5.68 |
| Jun 8, 2026 | Nouri Chabidirector | Tax | 1,556 | $5.72 |
| Jun 8, 2026 | LIVERIS ANDREW Ndirector | Grant | 2,599 | — |
| Jun 8, 2026 | Winitzer Oridirector | Grant | 43,870 | — |
| Jun 8, 2026 | Maynard-Elliott Nichelledirector | Grant | 43,870 | — |
| Jun 8, 2026 | Lambert Lisa Mariedirector | Grant | 43,870 | — |
| Jun 8, 2026 | Lambert Lisa Mariedirector | Grant | 2,924 | — |
| Jun 8, 2026 | Nouri Chabidirector | Grant | 43,870 | — |
| Jun 8, 2026 | Grimm Douglas J.director | Grant | 43,870 | — |
| Jun 8, 2026 | Alnowaiser Turqi A.director, 10 percent owner: | Tax | 1,248 | $5.72 |
| Jun 8, 2026 | Alnowaiser Turqi A.director, 10 percent owner: | Grant | 43,870 | — |
Source: LCID SEC Form 4 filings, latest Aug 7, 2026. For informational purposes only — not investment advice.
See the full LCID insider & 13F page →LCID research & analysis
Uber's 11.5% Lucid Stake: Takeover Fade or Robotaxi Supply Win?
Uber's stake hike to 11.5% in Lucid, plus a 35,000-unit robotaxi order and $1.05B raise, settles partnership over takeover speculation. LCID gains backlog and capital for 95% upside to $5.50 in 12 months; UBER locks EV supply for margin gains. Breaks on production misses or stake trim by year-end.
UBEREV Slowdown: VW Kills ID.4 in US — Why GM and Ford Beat TSLA, RIVN Right Now
VW's US ID.4 cancellation signals EV slowdown, boosting Ford and GM's ICE/hybrid profits while pressuring Rivian, Lucid, Tesla's core, and Albemarle. Legacy names offer value at low multiples; pure-plays face cash crunch. Rank: Buy GM/F, avoid others.
TSLAFGMIran Ceasefire Collapses Again: USO, XLE Set to Retest Highs — SPY at Risk
Tesla's Q1 2024 deliveries fell sequentially to 387,000 amid factory disruptions and softening EV demand, as flagged by Reuters, with revenue down 13% YoY. While peers like Rivian show growth, Tesla eyes recovery via Cybertruck, FSD, and affordable models. Investors should track Q2 volumes and autonomy milestones for trajectory signals.
TSLARIVNIran War Week 2: XLE Leads While SPY Stalls — Sector Rotation Playbook Inside
VW's Xpeng partnership spotlights Chinese EV tech's edge, boosting XPEV and pressuring US legacy firms like Ford and GM while Tesla's scale and Rivian's JV provide buffers. Article analyzes six US-listed players with fresh financials, ranking XPEV as top winner amid disruption.
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Lucid Group, Inc. company profile
Overview
Lucid Group, Inc. (NASDAQ:LCID) is an American electric vehicle manufacturer founded in 2007 and headquartered in Newark, California. Originally established as Atieva, the company pivoted to focus on luxury electric vehicles and rebranded as Lucid Motors before going public through a SPAC merger in 2021. The company is backed by Saudi Arabia's Public Investment Fund (PIF), which serves as its largest shareholder and strategic partner. Lucid has positioned itself as a premium EV manufacturer targeting the luxury sedan and SUV markets with its flagship Lucid Air sedan and upcoming Lucid Gravity SUV, emphasizing technological innovation and energy efficiency as key differentiators.
Business
Lucid Group operates in the luxury electric vehicle manufacturing sector, developing and producing high-end battery electric vehicles (BEVs) along with advanced EV powertrain technologies. The electric vehicle industry represents the automotive sector's transition away from internal combustion engines toward battery-powered alternatives, driven by environmental regulations, government incentives, and changing consumer preferences. The company's primary product is the Lucid Air, a luxury electric sedan that competes with vehicles like the Mercedes EQS, BMW iX, and Tesla Model S. The Lucid Air is marketed as having industry-leading efficiency and range, with some variants capable of over 500 miles per charge. The vehicle comes in multiple trim levels including Pure, Touring, Grand Touring, and the high-performance Sapphire variant, with pricing ranging from approximately $70,000 to over $250,000. Lucid's second major product is the Lucid Gravity, a luxury electric SUV that began production in late 2024. The Gravity is designed to compete in the premium electric SUV segment with starting prices around $80,000 for the Touring model and $95,000 for the Grand Touring variant. Beyond vehicle manufacturing, Lucid operates a technology licensing business, providing its advanced EV powertrain technology to other automotive manufacturers. The company has signed licensing agreements with luxury brands like Aston Martin and is pursuing additional partnerships with large OEMs. The company also plans to launch a mid-sized platform in late 2026, targeting a broader market with vehicles priced around $48,000-$50,000, which would represent a significant expansion from its current luxury focus. Revenue breakdown is primarily from vehicle sales (approximately 85-90%), with regulatory credit sales and technology licensing contributing smaller portions. The company generated $808 million in revenue for 2024, representing significant growth from $595 million in 2023.
Revenue model
Lucid generates revenue through multiple streams, with vehicle sales representing the primary source of income. The company sells its luxury electric vehicles directly to consumers through a network of retail studios, bypassing traditional dealership models. Customers pay the full vehicle price upon delivery, with some revenue recognized from deposits and pre-orders. The company also generates income from regulatory credit sales, earning approximately $31.5 million in Q1 2025 from selling environmental credits to other automakers who haven't met regulatory requirements for zero-emission vehicle sales. This represents a common revenue stream for EV manufacturers, particularly those with strong efficiency ratings. Technology licensing represents an emerging revenue stream, where Lucid licenses its advanced powertrain technology, battery systems, and software to other automotive manufacturers. The company has established partnerships with Aston Martin and is pursuing additional licensing agreements with large OEMs, though this segment currently contributes minimal revenue. The company's business model faces several margin pressures. Scale challenges significantly impact profitability, as Lucid currently operates at low production volumes (approximately 20,000 vehicles projected for 2025) while maintaining high fixed costs for manufacturing facilities, R&D, and operations. The company's gross margins remain deeply negative, at -97% in Q1 2025, though improving from -134% in the prior year. Supply chain costs and potential tariffs pose additional margin pressure, with management estimating 8-15% gross margin impact from potential trade policy changes. The company is working to localize its supply chain to mitigate these risks. Competition from established luxury automakers entering the EV space and aggressive pricing from Tesla creates pressure to maintain competitive pricing while improving margins. Positive margin factors include the company's focus on energy efficiency, which reduces battery costs per mile of range, and vertical integration of key components like powertrains and battery systems. The company's technology licensing business could provide higher-margin revenue as it scales, and the planned mid-sized platform could achieve better economies of scale in the broader market.
Competitive moat
Lucid's competitive moat is moderate but narrowing, primarily built around technological differentiation rather than traditional economic moats. The company's strongest competitive advantage lies in its energy efficiency technology, with vehicles achieving industry-leading efficiency ratings of up to 5 miles per kilowatt-hour, and development work targeting 6 miles per kilowatt-hour. This efficiency advantage translates to longer range with smaller, less expensive battery packs, potentially providing cost advantages as the technology scales. The company's vertical integration of powertrain development and manufacturing provides some competitive protection, as it controls key technologies rather than relying on third-party suppliers. This integration also enables the technology licensing business, creating potential revenue streams beyond vehicle sales. However, Lucid's moat faces significant challenges. The company lacks scale advantages, producing only about 20,000 vehicles annually compared to Tesla's millions or traditional automakers' hundreds of thousands of EVs. This scale disadvantage creates cost pressures and limits the company's ability to achieve competitive pricing in broader markets. Brand recognition remains limited compared to established luxury brands like Mercedes, BMW, or Tesla. While the Lucid Air has received positive reviews and safety ratings, the company struggles with customer awareness and must invest heavily in marketing and brand building. The competitive landscape is intensifying as established automakers launch competitive luxury EVs with significant resources and established dealer networks. Tesla continues to innovate and reduce costs, while traditional luxury brands leverage their existing customer relationships and service networks. Lucid's technology advantages may prove temporary as competitors develop their own efficient powertrains or license similar technologies. The company's ability to maintain its moat will depend on continued innovation, successful scaling of production, and effective brand building in an increasingly crowded market.
Risks & safety
Lucid presents moderate to high financial risk with limited margin of safety for investors, though the company maintains adequate liquidity for near-term operations. • Cash burn and liquidity: $1.85 billion cash and short-term investments as of Q1 2025, with free cash flow burn of $590 million quarterly. Current liquidity provides runway into second half of 2026 according to management guidance. • Debt levels: Debt-to-equity ratio of 0.80, primarily consisting of convertible notes. The company completed additional convertible note offerings with PIF support, extending financial runway. • Solvency risk: Current ratio of 3.32 indicates strong short-term liquidity position, though ongoing losses and cash burn create medium-term solvency concerns without successful scaling. • Valuation metrics: Trading at 2.3x book value and negative P/E ratios due to losses. EV/EBITDA meaningless due to negative EBITDA. Stock has declined significantly from IPO levels, suggesting some valuation reset. • Other considerations: Production guidance of 20,000 vehicles for 2025 implies continued low-scale operations. Success heavily dependent on Gravity SUV ramp and future mid-sized platform launch. Regulatory changes and potential tariffs add uncertainty to business model.
Recent development
Over the past several years, Lucid has undergone significant strategic evolution and leadership changes while advancing its product portfolio. The most notable recent development was the leadership transition in early 2025, with founder and CEO Peter Rawlinson stepping down to become Senior Technical Advisor, replaced by Marc Winterhoff as Interim CEO. This change reflects the company's shift from a founder-led startup to a more operationally-focused organization. The company has made substantial progress on its product roadmap expansion. After focusing primarily on the Lucid Air sedan through 2023, the company successfully launched the Lucid Gravity SUV in late 2024, with orders reportedly exceeding expectations and over 75% coming from new customers. The Gravity represents a critical expansion into the luxury SUV segment, with pricing starting at $79,900 for the Touring model. Looking ahead, Lucid has committed to launching a mid-sized platform in late 2026, targeting a dramatically broader market with vehicles priced around $48,000-$50,000. This represents a significant strategic pivot toward mainstream market accessibility while maintaining the company's technology leadership. The company has also evolved its business model beyond vehicle manufacturing, establishing a technology licensing division. The partnership with Aston Martin represents the first major licensing deal, with ongoing discussions with multiple large OEMs for both current and future powertrain technologies. Financial strategy has centered on securing long-term funding through its strategic partnership with Saudi Arabia's Public Investment Fund. The company raised $1.75 billion in 2024 and completed additional convertible note offerings, extending its financial runway and supporting the planned production ramp. Recent operational developments include the acquisition of Nikola's factory assets for approximately $17 million, providing additional manufacturing capacity, and signing a memorandum of understanding with King Abdullah University of Science and Technology for potential collaboration on advanced technologies.
LCID company profile · for informational purposes only — not investment advice.
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