Lucid Stock Price Prediction for Savvy Investors 2023-2030

Are you an investor seeking insights into the future of the stock market? This article will delve into the intriguing world of Lucid stock price prediction. The current Lucid stock price Today stands at $4.45, showing a slight increase of $0.37 (+5.23%). However, it has experienced a significant decline over the past 18 months, currently trading 87% below its 2021 all-time high.

Lucid Motors is listed on the NASDAQ stock exchange under the ticker (NASDAQ: LCID) and holds the second position in the stock market globally, with a current market cap of $12,876,420,742. The 52-week trading range for Lucid stock is $5.46 – $21.78.

Lucid Group, Inc., based in California, specializes in manufacturing luxurious electric cars. The company was founded in 2007 and gained recognition for its high-performance sports cars and grand tourers. The Lucid Air, the company’s first model, offers different versions such as the Lucid Air Pure, Lucid Air Touring, and Lucid Air Grand Touring, boasting impressive features and performance. Additionally, Lucid Group plans to launch the Lucid Gravity, an electric SUV, in 2024, aiming to combine spaciousness and style. The company’s vision revolves around creating innovative and high-quality electric vehicles that deliver a luxurious driving experience.

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Historical performance-wise, Lucid Group initially focused on developing electric vehicle batteries and powertrains for other manufacturers. However, under the leadership of CEO Peter Rawlinson and CTO Derek Jenkins, both of whom have experience at Tesla and Mazda, respectively, Lucid Motors shifted its focus towards developing its own high-performance luxury electric vehicle.

In 2016, Lucid Motors announced plans to build a manufacturing plant in Casa Grande, Arizona, with an investment of $700 million. The facility, which started production in September 2021, has the potential to produce up to 380,000 cars per yIn 2016, Lucid Motors announced its plans to construct a manufacturing plant in Casa Grande, Arizona, investing $700 million. The facility, which commenced production in September 2021, has the potential to manufacture up to 380,000 cars annually.

Lucid Motors secured funding of over $1 billion from the Public Investment Fund of Saudi Arabia in 2018, facilitating the development and production of the Lucid Air model, the expansion of the manufacturing plant, and the establishment of a retail network. ear. In 2018, Lucid Motors secured funding of over $1 billion from the Public Investment Fund of Saudi Arabia. This investment helped in the development and production of the Lucid Air model, the expansion of the manufacturing plant, and the establishment of a retail network.

Despite facing some production challenges and revising its production outlook for 2022, Lucid Motors has been steadily increasing the production of its all-electric Air sedans. Deliveries to customers began in late 2021, demonstrating progress in expanding their presence in the electric vehicle market.

Based on our fundamental and technical analysis forecast, Lucid shares have experienced a modest increase of 23.5% from their all-time lows in January 2023. There is a possibility that the stock may test the resistance level at $8.5 in the near future.

For 2023, our Lucid stock price prediction suggests a trading range of $16.50 – $17.90 USD. However, it’s important to note that the stock currently faces a significant resistance level in this price range.

Looking ahead to 2024, based on the company’s future plans and expansion of production capacity, our Lucid Motors stock price prediction falls within the range of $18.60 – $25.80 USD. The completion of the Phase 2 extension at their manufacturing facility will enhance their production capabilities, accommodating 90,000 Air and Gravity vehicles.

In terms of 2025, despite experiencing poor earnings in Q1 2023, Lucid Motors remains committed to its production plans and aims to increase its vehicle output. Analysts predict that by the end of fiscal year 2024, the company could generate approximately $5.85 billion in revenue. Therefore, the Lucid stock price prediction for 2025 is expected to fall within the range of $41.00 – $45.50 USD.

Predicting stock prices for 2030 is challenging, considering the uncertainties and potential competition in the electric vehicle market. However, with the projected increase in electric vehicle sales by 2030, if Lucid captures a significant market share, the stock could potentially trade between $105.00 – $125.00 USD.

Considering the average analyst recommendation, Lucid Group Inc has a consensus and average recommendation of Buy, based on 3 buy ratings and 2 hold ratings. The average 12-month price target from 5 Wall Street analysts is $8.80.

BUY

60%

SELL

35%

HOLD

5%