How much will Lucid be worth in 2025?
What is the 2025 price prediction for Lucid Group (LCID)? Financial analysts have set a price target of $9. On the whole, Lucid is a risky stock because of its immense cash burn and no clear pathway to profitability. However, over the long term, the company still has millionaire-maker potential, as new model releases potentially help it scale up its business model.Read our Advertiser Disclosure. Analysts are saying that Lucid Group could hit $11.
Why is no one buying Lucid?
The selling pressure alone would weigh on the stock, and additional capital would likely be more expensive to raise. For most investors, Lucid is simply far too risky to invest in currently, but there is a light at the end of the tunnel. Lucid has earned praise for its vehicles, thanks to their industry-leading range, luxury design, and technology. That said, the company is still losing money, which should make investors hesitant. I’d like to see improvements in its efficiency and bottom line before purchasing the stock.The company was burning through large amounts of cash, using over $950 million in the most recent quarter alone. Lucid also operated with negative gross margins, meaning it lost money on the cars it sold. These financial pressures existed alongside production setbacks and concerns about weakening demand for EVs.
Is Lucid making money?
The transition is already having a significant impact on Lucid’s operational results. Third-quarter earnings jumped 68% year over year to $336. Gravity SUV. That said, Lucid is still far from sustainable profitability, with an operational loss of $942 million in the period. Lucid is also rumored to be using the Earth platform for two other future models, though their launch dates are more uncertain. As the Gravity ramps up production and other models launch, Lucid investors should hopefully see the company’s vehicle production — and sales — continue rising over the next few years.
Who owns 60% of Lucid?
Both Lucid and Uber share a powerful common investor, Saudi Arabia’s Public Investment Fund (PIF). The PIF owns ~60% of Lucid and ~3. Uber. Lucid Motors is majority-owned by Saudi Arabia’s Public Investment Fund (PIF), which holds over 60% of the company as of 2025. This strategic partnership has enabled Lucid to secure billions in funding, fueling its global expansion and R&D efforts.Riyadh, September 17, 2018 – The Public Investment Fund (PIF) of Saudi Arabia announced today that it has executed an investment agreement of over US$1 billion with Lucid Motors (Lucid or the Company), through a special-purpose vehicle wholly owned by PIF (Transaction).Saudi Arabia Completed Its Billion-Dollar Share Purchase. Saudi Arabia still believes in electric vehicles. Monday, EV maker Lucid Group filed documents with the Securities and Exchange Commission showing investment entities tied to Saudi Arabia purchased about 396 million shares of Lucid at $2. Oct.Riyadh, September 17, 2018 – The Public Investment Fund (PIF) of Saudi Arabia announced today that it has executed an investment agreement of over US$1 billion with Lucid Motors (Lucid or the Company), through a special-purpose vehicle wholly owned by PIF (Transaction).
Is Lucid a Chinese company?
Lucid Group, Inc. American automotive and technology company that manufactures electric vehicles and supplies advanced electric vehicle powertrain systems. The company is headquartered in Newark, California. Luxury electric vehicle developer, Lucid Motors is headquartered in California but is majority funded by the Saudi Arabian sovereign wealth fund, Public Investment Fund (PIF).