Welcome to another article on ShareMyPrediction.com. Today we discuss Lucid Motors stock price predictions for 2024, 2025, 2026, 2030, 2040, and 2050.
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Lucid Motors introduction
American electric vehicle manufacturer Lucid Motors was established in 2007 by Bernard Tse, Sam Weng, and Sheaupyng Lin under Atieva. Initially, the company concentrated on producing electric vehicle powertrains and batteries for other automakers.
The company announced its decision to shift its focus to the development of electric vehicles in October 2016 and changed its name to Lucid Motors. Peter Rawlinson, the CEO and CTO of Lucid, was previously Tesla, Inc.’s chief engineer for the Model S and vice president of engineering. Vehicles made by Lucid are created in Arizona at their facility, while their designs are created in California. The Lucid Air, the brand-new car from the firm, comes in several trim levels, including the Pure, Touring, and Grand Touring models.
The two electric motors that power the Lucid Air Grand Touring variant have a combined output of 819 horsepower (611 kW) and 885 lb-ft (1,200 N⋅m) of torque. Launched in 2024, the Lucid Gravity SUV EV is the company’s second vehicle.
Lucid Group, Inc.
| Company Name | Lucid Group, Inc. |
|---|---|
| Stock Price | $4.33 |
| Founded | 2007 |
| CEO | Peter Rawlinson |
| Revenue | $137.8 million |
| Head Quarter | Newark, California, United States |
| Total Assets | $8.94 B (2023) |
| Market Cap | 9.89 billion |
| 52-week high/low | $17.81/$3.62 |
Lucid Group Inc Stock Live Chart
Lucid stock price prediction 2024
The stock has been falling. To predict 2024, our experts have prepared a 7-day team prediction on lucid motors. Then, according to our team’s seven-day prediction, Lucid’s stock price in 2024 is expected to range from $26 to $14, with an average of almost $19.
| Year | Lucid Stock Prediction |
| 2024 | $26 to $14 |
Lucid stock price prediction 2025
The Lucid stock price is expected to average $29 per share in 2025, with a maximum aim of $37 and a minimum target of $24, according to a 7-day team prediction on sharemyprediction.com. However, the market may at times fluctuate, and our team is unsure if the ideal stock price may be based on how the market performs.
| Year | Lucid Stock Prediction |
| 2025 | $37 to $24 |
Lucid stock price prediction 2026
But according to our experts, the price per share of Lucid Motors’ stock in 2026 may be anywhere between $56 and $39 in 2026. The average share price is $44; however, it is hard to predict with certainty what the stock price will be in the end.
| Year | Lucid Stock Prediction |
| 2026 | $56 to $39 |
Lucid stock price prediction 2027
There is no accurate prediction for 2027 because several things will affect Lucid Motors’ stock price in the upcoming years. However, our experts predicted the value of Lucid Motors’ shares in 2027. By 2027, the stock price is expected to reach $69 per share, according to one analyst, and $55 per share according to another. In the end, Lucid Motors was informed by the 7-day team predictions that the average future stock price would be $62.
| Year | Lucid Stock Prediction |
| 2027 | $69 to $55 |
Lucid stock price prediction 2030
We predict that Lucid’s stock price will increase significantly in 2030, with a minimum aim of $85 and a maximum goal of $112, based on our research and the opinions of experts. Our prediction is predicated on Lucid’s intentions to keep launching new products and expanding its market share internationally, as well as the industry’s overall expectation of continuous growth for electric vehicles. Additionally, $96 should be the average goal.
| Year | Lucid Stock Prediction |
| 2030 | $112 to $85 |
Lucid stock price prediction 2040
According to the SMP researcher’s January 2024 movement, the price per share of Lucid Motors’ stock is expected to rise from $117 to $200 by 2040. At that point, the company’s market value would be $33.6 billion as a result. Luxury electric vehicle manufacturer Lucid Motors expects to grow by 2040. The Public Investment Fund of Saudi Arabia, which has contributed billions of dollars to the business, supports it.
| Year | Lucid Stock Prediction |
| 2040 | $200 to $117 |
Lucid stock price prediction 2050
Our team of experts and our research on the market indicate that Lucid Motors has a bright future ahead of it. The global market for electric vehicles is growing every year, so while it may not be here now, it will be in the future. Therefore, their manufacturers are turning a profit.
After that, the price of a share of stock rises to $350 and falls to $190, but in 2050, an average of $240 will also be expected. However, the share price may certainly increase. The amount also increases, meaning that the share price of Lucid Motors has no fixed future; in 2050, the market will decide the actual share price.
| Year | Lucid Stock Prediction |
| 2050 | $350 to $190 |
Lucid Stock Price Prediction 2024, 2025, 2026, 2027, 2030, 2040, and 2050
| Year | High | Average | Low |
|---|---|---|---|
| 2024 | $26 | $19 | $14 |
| 2025 | $37 | $29 | $24 |
| 2026 | $56 | $44 | $39 |
| 2027 | $69 | $62 | $55 |
| 2030 | $112 | $96 | $85 |
| 2040 | $200 | $178 | $117 |
| 2050 | $350 | $240 | $190 |
Is Lucid a good investment?
Thinking about several things is necessary while investing in Lucid Motors. Lucid’s shares are down almost 91% from their peak, according to a recent analysis. The company is facing difficulties like rising interest rates that are limiting consumer spending and greater competition in the electric vehicle market. Growth and profits may be impacted by these variables, as rivals like Tesla may need to change prices to hold onto market share. Analysts predict growth in the future, suggesting that share values may rise again. Before investing, though, it’s imperative to do a thorough analysis that takes into account both the long- and short-term prospects.
How do I buy stocks in Lucid Group?
You must open an account with a broker in order to buy Lucid Group stock. Look for a broker that offers cheap account minimums and minimal costs; there are a number of brokers and investing applications accessible. Your brokerage platform will determine which of the several account options are available to you. To benefit from its significant tax advantages, you might want to think about starting an individual retirement account (IRA) if your long-term retirement savings are your main priority. You could open a taxable brokerage account for short-term objectives.
Here are some steps to buy Lucid Group stock:
- Choose a broker. A brokerage account is required to buy Lucid Group stock online. Your best platform should fit within your budget and financial objectives. Robinhood, E*TRADE, Charles Schwab, and Fidelity are a few well-known brokers.
- Fund your account: It is now time to fund your account after selecting a broker. You have three options for funding your account: a credit card, a debit card, or a bank transfer.
- Research the company: Make sure you’re making the right choice by doing your research before investing in one company. Since Lucid Group is a publicly traded business, the Securities and Exchange Commission (SEC) must receive its financial reports. These documents are available for viewing on the investor relations website of Lucid Group, along with news announcements and investor presentations from the business.
FAQ
What is the Lucid stock public float?
As of November 30, 2023, Lucid Group, Inc. (LCID) had 869,770,000 shares in the public float. The quantity of shares that are freely traded on the open market and owned by the public is known as the public float.
Who is Lucid’s largest investor?
With almost 60.05% of Lucid Group’s shares held by the Public Investment Fund (PIF) of Saudi Arabia, it is the company’s largest shareholder.
Is Lucid a buy or sell?
Analyses of the shares of Lucid Group (LCID) varied among platforms. Certain sites suggest buying, while others suggest holding or selling. Markets Insider, for example, shows a buy consensus, although this is based on a combination of buy, hold, and sell ratings. Despite divergent signals from long-term averages, Stockinvest.us highlights a buy signal based on short-term moving averages.
The consensus on Nasdaq is leaning toward holding, even though the average price target is encouraging and suggests significant upside potential. However, Macroaxis currently advises selling in accordance with investment horizons and risk tolerance standards. Experts also highlight Lucid’s strategic alliance with Saudi Arabia in the electric vehicle market, indicating potential for growth.
Is Lucid profitable for the long term?
In 2022, Lucid Group had a successful year, exceeding production targets and making nearly $608 million. Based on adjusted EBITDA, their plan seeks profitability by 2024 and positive free cash flow by 2025. Meeting these goals, nevertheless, depends on the state of the industry and how well its strategies are carried out. Long-term investors can profitably purchase Lucid as well.
Who primarily owns Lucid Motors?
The Public Investment Fund (PIF), a Saudi Arabian sovereign wealth fund, is the primary owner of Lucid Motors, a Newark, California-based startup founded in 2007. PIF has owned a majority share of Lucid Motors since April 2019.
What is Lucid’s highest stock price?
The highest price of Lucid Group Inc.’s stock was $58.05.
Will Lucid drop prices?
The stock value of Lucid Motors has fluctuated; it has recently dropped by -6.72% every week, increased by 4.06% every month, and decreased by -16.91% every quarter.
Lucid Stock Prediction: The Long Road to $100!
Conclusion
In conclusion, we discuss the Lucid Motors stock price prediction for the years 2024, 2025, 2026, 2030, 2040, and 2050. The reason for the increase in share price is that Lucid Motors is a strong long-term investment due to its excellent capabilities, like making EVs and luxury SUVs, etc.
You should read our most recent posts on price prediction if you liked this article as well
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