Lucid Motors is traded on the Nasdaq stock exchange. The Nasdaq's trading hours are Monday through Friday, from 9:30 a.m. until 4:00 p.m. ET. The Nasdaq also has pre-market and after-hours trading. Pre-market hours are from 4:00 a.m. until 9:30 a.m. ET, and after-hours trading is from 4:00 p.m. until 8:00 p.m. ET.
Lucid Motors stock began trading on July 26 under the ticker symbol LCID on the Nasdaq.
Lucid is building the foundations of a promising business, but its growth is still too speculative, its stock is too expensive, and it will bleed red ink for the foreseeable future. Those three weaknesses make it a difficult stock to own as inflation and rising interest rates reset the tech sector's valuations.
Shares of LCDX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
While Tesla has established itself as the preeminent EV automaker, Lucid Motors is currently best known for supplying batteries to Formula E race cars. Now, the upstart company looks to challenge luxury alternatives such as the Model S and Porsche Taycan with its all-new 2022 Air sedan.
Lucid lost $2.58 billion in 2021, not to mention it shelled out over half a billion dollars in stock-based compensation. Lucid is quickly proving that its ambitions will come at a steep price, both in the cost of building its cars and its generously paid workforce.
Lucid stock is among the potential value creators. With the sharp correction, LCID stock has already discounted the disappointing guidance for 2022. The focus is likely to shift to the company's performance in 2023 and beyond. With the recent deal with the Saudi government, the outlook seems positive.
Special Purpose Acquisition Companies or SPACs are non-operating publicly-listed companies whose purpose is to identify and purchase a private company, allowing the acquisition target to have publicly listed stock. SPACs are also known as blank check companies.
Lucid claims to have sufficient capital to keep factories operating through 2022 and meet the production goals of 20,000 cars in 2022 and 50,000 vehicles in 2023. Based on hopes for the future, investors in Lucid have endowed the company with a market capitalization that rivals that of the Ford Motor Company.
Lucid (NASDAQ:LCID) stock has managed to climb 48% since its IPO date on July 26, 2021.
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The entry-level Tesla Model S has 375 miles of range, while the best-possible range for a Model S is 405 miles. As for the Lucid Air, the entry-level Lucid Air Pure gets 406 miles of range, while the best possible range for the Lucid Air is a whopping 520 miles.
Lucid Group (NASDAQ: LCID) does not pay a dividend.
After being in a consolidation phase for an extended period, Lucid (NASDAQ:LCID) stock saw a sharp rally in Q4 2021. LCID stock surged by 89% between Oct. 27 and the end of 2021.
Positive Growth Catalyst
There are near-term headwinds for the electric vehicle industry. However, the long-term outlook remains positive as countries look to reduce dependence on fossil fuel. With a cash buffer of $5.4 billion, Lucid is well positioned to finance growth over the next 12 to 18 months.
Lucid Group Inc LCID:NASDAQ.
If Lucid hits its growth targets and also trades at 12 times sales in 2030, it would be worth about $540 billion -- which would broadly miss the trillion-dollar mark, but still make it one of the world's most valuable automakers.
Lucid stock has dropped by more than -30%, or -33.9% to be exact, this year. LCID's revenue miss for the fourth quarter of 2021 and its disappointing FY 2022 production guidance as mentioned in the previous section of this article are definitely the key reasons for Lucid Group's 2022 year-to-date share price fall.
The LCID stock price can go up to 58.121 USD in one year. The LCID (“LCID” ) future stock price will be 119.160 USD in 5 years. The long-term earning potential is +7.44% in one year.
Lucid Motors is publicly traded on the NASDAQ Exchange under the symbol LCID. The company trades shares of common stock with no special restrictions on trading or ownership. Individual investors can purchase this through any brokerage that can access the NASDAQ Exchange.
Lucid Group, Inc. is an American electric vehicle manufacturer headquartered in Newark, California. The company was founded in 2007.
That said, Lucid CEO Peter Rawlinson noted that the company's Arizona plant delivered "well over 300 vehicles" in April alone, "demonstrating our accelerated production ramp." This should also contribute to much healthier results in Q2. He added that total production in the first quarter was nearly 700 vehicles.