Lucid Group (LCID) AI Stock Analysis

• Market Cap: $6.48B
• Dividend Yield: N/A
• Average Volume (3M): 132.70M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.53
• Revenue Growth: 39.01%
• EPS Growth: 7.11%
• Country: US
• Employees: 6,800
• Sector: Consumer Cyclical
• Sector Strength: 80
• Industry: Auto - Manufacturers
• EPS (TTM): -0.24
• Shares Outstanding: 3,072,494,900
• 10 Day Avg. Volume: 72,662,670
• 30 Day Avg. Volume: 132,704,308
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.27
• Enterprise Value/Revenue: 8.86
• Enterprise Value/Gross Profit: -8.93
• Enterprise Value/Ebitda: -4.39
• 1Y Price Target: $3.23
• Price Target Upside: 55.29% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 11

• Rating: 43 Neutral
• Price Target: $2.00 ▼(-3.85% Downside)

Lucid Group's overall stock score is primarily impacted by its weak financial performance and challenging valuation. While the earnings call provided some positive insights into strategic partnerships and vehicle delivery growth, the persistent financial and operational challenges weigh heavily on the stock's outlook.

Positive Factors

Partnerships

The recently announced Uber/Nuro partnership underscores the strength and scalability of LCID's technology platform.

Production Guidance

Lucid maintained its 2025 production guidance of 20,000 vehicles, above the pre-release forecast, suggesting strong management expectations for deliveries.

Strategic Investments

Uber plans to make a $300 million investment in Lucid as well as an additional investment in Nuro.

Negative Factors

Financial Performance

Lucid Group's 2Q:25 results were below expectations, with both adjusted EPS and revenue falling short of analyst estimates.

Production Challenges

Lucid Group reduced its 2025 production outlook and capital expenditure target, reflecting challenges in meeting initial goals.

Tariff Impact

Lucid is expected to face gross profit headwinds due to current U.S. tariff policies, which may impact profitability.

Lucid Group Business Overview & Revenue Model

Company Description

Lucid Group, Inc. (LCID) is an American electric vehicle manufacturer specializing in luxury electric cars. Based in Newark, California, the company is known for its high-performance vehicles with advanced technology and sustainable energy solutions. Lucid's flagship product is the Lucid Air, a luxury sedan that boasts exceptional range, speed, and innovative features designed to compete with traditional luxury automotive brands.

How the Company Makes Money

Lucid Group generates revenue primarily through the sale of its luxury electric vehicles. The company targets the high-end automotive market, offering vehicles that feature cutting-edge technology and design. Revenue is driven by vehicle sales, which include different variants of the Lucid Air model, each with varying features and price points. Additionally, the company may generate income from ancillary services such as vehicle maintenance, software updates, and charging solutions. Lucid also engages in strategic partnerships and collaborations that can contribute to its revenue growth. These partnerships may involve technology sharing, joint ventures, or co-development agreements that leverage Lucid's expertise in electric vehicle technology.

Lucid Group Financial Statement Overview

Summary

Lucid Group faces significant financial challenges, with poor profitability metrics and high leverage. Revenue growth is present but overshadowed by substantial losses and cash flow issues. The company needs to improve operational efficiency and manage its debt to enhance financial health.

Income Statement

Lucid Group's TTM revenue shows slight growth, but the company is struggling with significant net and gross losses. The net profit margin and gross profit margin are negative, indicating profitability challenges. EBIT and EBITDA margins are also deeply negative, further highlighting operational inefficiencies.

Balance Sheet

The balance sheet shows high leverage with a debt-to-equity ratio above 0.8. The equity ratio is moderate, suggesting some financial stability. However, the negative return on equity indicates that the company is not generating positive returns for shareholders.

Cash Flow

Lucid Group's cash flow statement reveals negative free cash flow and operating cash flow, with a declining free cash flow growth rate. Operating cash flow relative to net income also shows inefficiencies in cash generation relative to accounting profit.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	928.99M	807.83M	595.27M	608.18M	27.11M	3.98M
Gross Profit	-922.14M	-923.11M	-1.34B	-1.04B	-127.79M	906.00K
EBITDA	-1.87B	-2.38B	-2.57B	-1.07B	-2.50B	-709.29M
Net Income	-2.30B	-2.71B	-2.83B	-1.30B	-2.58B	-719.38M
Balance Sheet
Total Assets	8.87B	9.65B	8.51B	7.88B	7.88B	1.40B
Cash, Cash Equivalents and Short-Term Investments	2.83B	4.03B	3.86B	3.91B	6.26B	614.92M
Total Debt	2.74B	2.48B	2.43B	2.08B	2.00B	980.00K
Total Liabilities	6.46B	4.48B	3.66B	3.53B	3.97B	227.38M
Stockholders Equity	2.41B	3.87B	4.85B	4.35B	3.91B	1.18B
Cash Flow
Free Cash Flow	-3.64B	-2.90B	-3.40B	-3.30B	-1.48B	-1.03B
Operating Cash Flow	-2.68B	-2.02B	-2.49B	-2.23B	-1.06B	-570.20M
Investing Cash Flow	621.34M	-1.29B	-946.98M	-3.68B	-420.69M	-459.58M
Financing Cash Flow	2.75B	3.56B	3.07B	1.35B	7.14B	1.29B

Lucid Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LCID, the sentiment is Negative. The current price of 2.08 is below the 20-day moving average (MA) of 2.21, below the 50-day MA of 2.34, and below the 200-day MA of 2.48, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 39.36 is Neutral, neither overbought nor oversold. The STOCH value of 32.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LCID.

Lucid Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LI	67 Neutral	$23.84B	23.35	12.22%	―	10.28%	-29.75%
Sector *	61 Neutral	$17.75B	12.56	-5.49%	3.02%	1.43%	-14.12%
NIO	57 Neutral	$13.21B	―	-240.42%	―	23.39%	3.93%
XPEV	55 Neutral	$23.02B	―	-13.34%	―	66.53%	48.17%
RIVN	49 Neutral	$16.03B	―	-54.42%	―	2.73%	45.63%
VFS	45 Neutral	$8.09B	―	36.15%	―	110.83%	-66.73%
LCID	43 Neutral	$6.48B	―	-54.39%	―	39.01%	7.11%

Lucid Group Corporate Events

Lucid Group Approves Reverse Stock Split Amendment

On August 18, 2025, Lucid Group, Inc. held a special meeting of stockholders where an amendment to the company’s Third Amended and Restated Certificate of Incorporation was approved. This amendment allows the company’s Board of Directors to execute a reverse stock split of the common stock, a move that could impact the company’s stock valuation and market perception.

Lucid Group Proposes Reverse Stock Split

On July 17, 2025, Lucid Group, Inc. announced the filing of a preliminary proxy statement with the SEC to propose a reverse stock split of its Class A common stock at a one-for-ten ratio. The company believes this move will make its stock more attractive to a broader range of investors, although the completion of the split is subject to stockholder approval and market conditions. The reverse stock split is intended to enhance Lucid’s market positioning, but there is no guarantee it will achieve the desired effects.

Lucid Group Partners with Uber for Autonomous Vehicles

On July 16, 2025, Lucid Group entered into a Vehicle Production Agreement with Uber Technologies to supply a minimum of 20,000 modified Lucid Gravity vehicles for autonomous use on Uber’s platform over six years, starting in late 2026. This partnership, involving Nuro’s autonomous driving software, aims to deploy a fleet of robotaxis globally, enhancing Lucid’s market presence in the autonomous vehicle sector. Additionally, Lucid and Uber’s subsidiary SMB Holding Corporation agreed on a $300 million private placement of Lucid’s Class A common stock to fund the development of these vehicles, expected to close in the third quarter of 2025. This collaboration signifies a significant investment in Lucid’s technology and positions the company to capitalize on the growing autonomous vehicle market.

Lucid Group Stockholders Approve Stock Incentive Plan Amendment

On June 5, 2025, Lucid Group‘s stockholders approved an amendment to the 2021 Stock Incentive Plan, increasing the available shares of Class A common stock by 184 million. This decision, made during the Annual Meeting, potentially strengthens Lucid’s market position by enhancing its ability to incentivize employees and attract talent.