Upstart electric vehicle company Lucid Group (LCID -6.64%) recently announced Q4 vehicle production and deliveries that surpassed expectations. Additionally, the company just started deliveries for its second model, a premium SUV, and intends to launch a mainstream (cheaper) product in late 2026.
Investors in Lucid Group (LCID -5.25%) are feeling nervous. The electric vehicle (EV) stock fell further today, dropping to a low of 6.6% in early-morning trading.
Lucid (LCID -2.93%) stock is falling in Tuesday's trading following President Donald Trump's inauguration on Monday. The company's share price was down 5.5% as of 10:30 a.m.
Investing in start-up electric vehicle (EV) makers such as Rivian Automotive (RIVN -1.59%) and Lucid Group (LCID -0.33%) is certainly not for the faint of heart. You're essentially investing in a company that relies on limited vehicle models and is burning through cash rapidly, as each vehicle currently rolls off the production line is selling at a loss.
Lucid Motors (LCID -0.33%) stock looks expensive according to several traditional valuation metrics. Its price-to-sales ratio, for example, is 9.6.
Lucid Group (LCID -0.33%) is a great stock for growth investors searching for a bargain. Since going public in 2021, sales have grown by 16,300%.
The wider market saw significant dips starting with mid-December — and short sellers have taken notice. Resurgent inflation worries, higher yields, an unexpectedly strong labor market, and decreasing odds of continued rate cuts culminated in the S&P 500 erasing roughly $2.5 trillion in value over the course of a month.
Lucid Motors (NASDAQ: LCID) has historically been quite a volatile stock. The luxury electric vehicle (EV) maker had its initial public offering (IPO) in 2021 — since then, despite strong backing from Saudi Arabia's Public Investment Fund (PIF), LCID stock has struggled to move to the upside in a meaningful way without seeing a correction in short order.
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Most electric vehicle (EV) stocks saw their share prices swing wildly in 2024. Some companies saw their valuations soar, while others experienced sharp declines.
Despite the massive backing from the Saudi Public Investment Fund (PIF), numerous partnerships aimed at revitalizing the business, and the high hopes for the Gravity model, Lucid Motors' (NASDAQ: LCID) stock performance can, at best, be described as lackluster.
The latest trading day saw Lucid Group (LCID) settling at $3.01, representing a -0.33% change from its previous close.