Lucid Group (LCID) reached $2.15 at the closing of the latest trading day, reflecting a +2.38% change compared to its last close.
Cantor Fitzgerald analyst Andres Sheppard has reaffirmed a ‘Neutral' rating on Lucid Group stock (NASDAQ: LCID), citing the company's strengthening supply chain as a key factor.
The latest trading day saw Lucid Group (LCID) settling at $2.19, representing a -1.79% change from its previous close.
Wall Street analysts are holding a slightly bearish outlook on Lucid's (NASDAQ: LCID) stock over the next year as the equity continues to experience increased volatility.
On June 29, 2010, Tesla Inc. (NASDAQ: TSLA) IPO'd at $17 per share.
I rate Lucid Group, Inc., a buy for long-term investors, despite current financial losses and volatile stock performance. Lucid's strategic partnership with Saudi Arabia, including major EV orders and funding, provides a unique growth runway and financial stability. The upcoming Lucid Gravity SUV could boost market share, especially if a more affordable model is launched to compete with Tesla.
Lucid Motors set a company record for deliveries in the first quarter of 2025, shipping 3,109 EVs to customers in North America, Europe, and Saudi Arabia. It appears that a new company car program and sales to rental fleets helped it get there.
Summary ⚈ Lucid reported a wider net loss of $731M despite 36% year-over-year revenue growth and 3,109 vehicle deliveries. ⚈ Stifel, Cantor Fitzgerald, and Needham all reiterated Hold/Neutral ratings, citing optimism around the Gravity SUV.
Lucid's Q1 2025 report showed mixed results, with revenues missing estimates, but margins improved over the prior year period. The company reiterated its full-year production guidance but remains far from profitability, with a high price-to-sales ratio compared to peers. Shares remain depressed as investors wait to see if another capital raise is needed to support production growth.
Lucid Motors has been working through some quality “hiccups” in the early stages of delivering its long-awaited electric SUV, according to interim CEO Marc Winterhoff.
Lucid reported solid Q1 results with record deliveries, but faces challenges in scaling to profitability amid a volatile macroeconomic environment and heavy auto tariffs. Despite a strong delivery target of 20k vehicles for the year, Lucid must nearly double its current quarterly unit run rates to meet this goal. Lucid's gross margin remains deeply negative, and the company increased its expectation of negative tariff impacts to an 8-15% hit on margins.
Shares of electric vehicle makers Rivian Automotive Inc (NASDAQ:RIVN) and Lucid Group Inc (NASDAQ:LCID) fell on Wednesday after both companies reported quarterly results that modestly beat expectations but highlighted ongoing challenges, including tepid demand and rising tariff costs. Rivian's shares dropped 5.6% after the company posted a narrower-than-expected adjusted EBITDA loss of $300 million for the first quarter, helped by regulatory credits and contributions from its joint venture with Volkswagen.