Lucid Group Immediately$3.02 +0.04 (+1.34%) As of 01/10/2025 04:00 PM Eastern52-Week Vary$1.93▼$4.43Price Goal$3.04
Lucid Group, Inc. NASDAQ: LCID has not too long ago captured investor consideration with the announcement of record-breaking gross sales and supply figures for the fourth quarter of fiscal 12 months 2024 (This autumn FY2024). This information, coupled with the much-anticipated launch of the corporate’s new Gravity SUV, paints an image of an organization on the transfer. Concurrently, the electrical automobile maker’s shares skilled a notable dip, leaving many to wonder if this can be a signal of underlying bother or a golden alternative to purchase in.
As Lucid navigates a quickly evolving electrical automobile (EV) market, a more in-depth have a look at its Q1 – Q3 FY2024 efficiency, strategic initiatives, and the challenges that lie forward is warranted.Get Lucid Group alerts:Signal Up
2024: Constructing on a Basis of Success
Constructing on the momentum of a 40% year-over-year enhance in deliveries in Q1 and a 70.5% enhance in Q2, Lucid continued its upward trajectory in Q3, delivering 2,781 automobiles. Whereas manufacturing noticed a slight dip to 1,805 automobiles in comparison with 2,110 in Q2 2024, this may be considered as a strategic adjustment, reflecting Lucid’s give attention to aligning manufacturing with demand and optimizing stock ranges. 
It isn’t indicative of a slowdown however fairly a calculated transfer inside a bigger progress technique. That is additional emphasised by the corporate assembly its annual manufacturing goal of roughly 9,000 automobiles, producing 9,029 automobiles in 2024. Moreover, deliveries continued to outpace manufacturing for the 12 months, culminating in 10,241 deliveries, additional proof of rising demand.
Lucid’s monetary outcomes for Q3 FY2024 continued the constructive pattern from the primary half of the 12 months. Income remained regular at $200.0 million, about the identical as Q2. This constant income, mixed with important capital raised all year long, signifies that the corporate is strengthening its monetary place. Lucid plans to launch its This autumn 2024 monetary outcomes on the finish of February.
The $1.75 billion raised in October, following the $1 billion raised in Q1 and the $1.5 billion dedication secured in Q2, underscored the continued confidence of main buyers just like the Saudi Arabian Public Funding Fund (PIF). This unwavering assist offered Lucid with roughly $5.16 billion in whole liquidity by the shut of Q3, a wholesome monetary cushion to gas its bold technique.
The Gravity SUV: A Daring Entry Right into a New Market
The introduction of the Lucid Gravity SUV marks a milestone. This transfer into the SUV market, which started manufacturing in late 2024, opens up an unlimited new section for the EV maker. The Gravity Grand Touring, with a beginning value of $94,900, boasts a projected vary of over 440 miles and a strong 828 horsepower engine able to accelerating from 0 to 60 mph in beneath 3.5 seconds. A extra reasonably priced Touring mannequin, priced at $79,900, is slated for launch in late 2025.
The Gravity SUV is a testomony to Lucid’s dedication to innovation. The automobile gives seating for as much as seven adults and boasts as much as 120 cubic toes of cargo house, all inside a mid-size SUV footprint. A strategic partnership with Panasonic Vitality ensures that the Gravity will likely be outfitted with state-of-the-art 2170 lithium-ion battery cells. These next-generation cells, identified for his or her excessive power density, play a vital position in delivering the Gravity mannequin’s spectacular vary and efficiency.
Technological Prowess: A Defining Benefit
Lucid’s core power lies in its proprietary EV expertise. The 2025 Lucid Air Pure mannequin, as an illustration, achieved a powerful 5.0 miles per kilowatt-hour effectivity ranking and a file 146 MPGe EPA-estimated vary. Additional, the 2025 Lucid Air Grand Touring is ready to acquire an EPA-estimated 512 miles of vary, a testomony to Lucid’s superior motor design, battery cell chemistry, and thermal traits.
The corporate’s vertically built-in method, which entails designing and manufacturing its powertrain expertise in-house, permits for better management over high quality and innovation. This technological edge extends past automobiles. Lucid has partnered with Amazon NASDAQ: AMZN to combine the Alexa voice assistant into its automobiles, enhancing the driving expertise with seamless management over navigation, communication, and media. The deployment of a number of over-the-air software program updates all through 2024 additional underscores Lucid’s dedication to steady enchancment and innovation.
Challenges and Alternatives to Purchase
Regardless of the constructive momentum, Lucid faces important challenges. The EV market is changing into more and more aggressive, with established automakers and new entrants alike vying for market share. Whereas Lucid has demonstrated progress in manufacturing and deliveries, it continues to function at a internet loss. The corporate’s capacity to realize profitability will depend upon its success in scaling manufacturing, managing prices, and increasing its buyer base. 

Lucid Group, Inc. (LCID) Worth Chart for Saturday, January, 11, 2025
Lucid’s future success hinges on its capacity to execute its strategic plans successfully. The profitable launch and manufacturing ramp-up of the Gravity SUV will likely be vital. Continued technological innovation, value administration, and strategic partnerships may also play an important position. The upcoming fourth-quarter 2024 earnings name, scheduled for February 25, 2025, will present buyers with additional insights into the corporate’s monetary efficiency and future outlook. 
Within the meantime, buyers will likely be watching carefully to see if Lucid can keep its progress trajectory and navigate the challenges of the dynamic EV market. The latest dip in inventory value might current a shopping for alternative for these with a long-term funding horizon and a perception in Lucid’s imaginative and prescient. Nevertheless, the inherent dangers related to the quickly evolving EV business and Lucid’s present monetary place warrant cautious consideration.Earlier than you contemplate Lucid Group, you will wish to hear this.MarketBeat retains observe of Wall Avenue’s top-rated and greatest performing analysis analysts and the shares they advocate to their purchasers each day. MarketBeat has recognized the 5 shares that high analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and Lucid Group wasn’t on the listing.Whereas Lucid Group at present has a “Maintain” ranking amongst analysts, top-rated analysts consider these 5 shares are higher buys.View The 5 Shares Right here Development shares supply a number of bang on your buck, and we have got the following upcoming superstars to strongly contemplate on your portfolio.Get This Free Report