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Lucid Group, Inc.

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LCID trade ideas

Lucid Stock Dips Under $3 Ahead of Big Milestone—Should You Buy?Lucid Motors, the Saudi-backed luxury EV startup, is approaching its make-or-break moment. After the company exceeded its production target and delivered a record number of Air sedans, its first and only model, Lucid is getting ready to release its SUV, the Lucid Gravity. Game changer? Or more like... game on? Let’s find out. Lucid stock LCID slipped under the $3 handle on Wednesday after it had advanced all the way to $3.60 on the upbeat news that it delivered a record number of luxury EV sedans in the fourth quarter. Lucid, which is backed by Saudi Arabia’s sovereign wealth fund, delivered a record 3,099 Air sedans in the three months to December, up from 2,781 units in the prior three-month stretch. What’s more, Lucid exceeded its own production guidance for 2024 — 9,029 slick-looking wheels rolled off the assembly line, surpassing the 9,000 projected. Deliveries for the full 2024 came in at 10,241. Now, the next milestone looms. The commercial launch of its sports utility vehicle (SUV) — Lucid Gravity is nearly here. The bad boy is already available for purchase and it’s getting ready to hit the roads in the coming weeks. The company kicked off production on time, as promised, before the end of 2024 and opened the hotline for orders . The Gravity SUV is charged up to the teeth, able to drive farther than any Tesla TSLA . A unit of the higher-spec grade will run you about $95,000 and flexes 450 miles (roughly 720 kilometers) on a single charge, compared to Tesla’s max range of about 350 miles (560 kilometers). As a bonus, it boasts ultrafast charging times. “We have achieved this with an impressively small battery pack compared to competitors. This is critical to preserving earth’s precious resources,” CEO Peter Rawlinson said in a statement on Monday. Now let’s talk share price. The soft launch of the Lucid Gravity, followed by the record Q4 delivery figure fueled a wave of buying. In December alone, Lucid shares added more than 40% to their valuation, going from $2 to around $3. But that’s 70% lower than the stock’s price tag on the first day it floated shares back in 2021 via a SPAC reverse merger. In all fairness, it’s excruciatingly difficult to navigate the challenging EV market , not to mention the vast universe of auto makers . And Rawlinson already knows it — he is the former Tesla Model S chief engineer. Investors are ramping up hopes that the commercial release of the Lucid Gravity will help lift up the languishing share price. The company, however, is expected to continue burning cash (i.e. no profits any time soon) for the sake of expanding its production and maintaining sales growth. For the third quarter of last year, the net loss was $992.5 million, up from $630.9 million in the year-ago quarter. Now everything hinges on the new SUV and its appeal to customers. The next step is to get it inside more than 50 showrooms for test drives, marketing and sales. “Once we have produced those vehicles, we’ll start delivering to a broader group of customers. This is just the beginning,” Rawlinson wrote in a post on LinkedIn last week, promising a “remarkable 2025.” So should you buy the shares? Here’s what Lucid got going for it. 🚀 The bullish case: Affordable share price — retail traders can scoop up in boatloads Tiny market cap of $10 billion — lots of room for potential growth Backed by the Saudi monarchy — lots of cash to support the biz Advanced EV battery technology — company can cut edge and innovate Advanced, luxury EV niche — premium, high-performance models Range above anything the EV market can offer — Tesla is in the dust Scalable product line — Lucid plans to roll out sub-$50,000 models in 2026 💥 The bearish case: High capital expenditures — low-hanging fruit here, Lucid spends a lot Hasn’t been around for very long — making cars since 2016 Lacks the Lindy effect — uncertain likelihood of continued cash flow Limited customer base — it’s a high-end product in a tough market Pricing wars — competitors with more affordable EVs could limit Lucid’s market share Concentration risk — Saudi Arabia’s Public Investment Fund (PIF) owns roughly 60% of Lucid and may decide to stop or reduce its cash injections Prone to speculation — tiny market cap makes the stock vulnerable to swings (is that really bad, though?) So is Lucid a gem for the diamond-handed, a rocket to the moon or a bag-holding investment? What’s your take? Share your thoughts below!
NASDAQ:LCID
by TradingView
13
Elliott Wave Setup with Key FIB Levels Potential Move: NASDAQ:LCID is showing a potential move toward the $3.81 to $4.20 range, aligning with Fibonacci levels 2 and 2.272. Supply Zone: This zone corresponds to a supply zone, identified as the end of the first wave in the Elliott Wave theory. RSI Overbought Zone: As the RSI reaches the overbought zone, a price pullback is anticipated. Imbalance Zone & Pullback: The pullback is expected to target the imbalance zone between the 0.886 and 0.786 Fibonacci levels, forming Wave 2. Wave 3 Target: After the pullback, a surge toward $5.14 is anticipated as Wave 3 develops. Personal Trading Plan: Sell Position: Plan to sell at $3.81, capitalizing on the anticipated move to the supply zone. Re-entry Buy: Re-enter after the pullback in the imbalance zone, between the 0.886 and 0.786 Fibonacci levels, targeting the Wave 3 surge. Disclaimer: This is not financial advice. Always conduct your own research and consult a financial advisor before making investment decisions.
NASDAQ:LCID
by MarketPax
LCID , I think we just need to ride the wave to success!Hi dear traders, today we would look into Lucid Group. the luxury EV creator in the U.S. so far the company has had a very bumpy road in it's history and I am going to be honest with you I participted and caught some really good results with it , so this is why I am pointing my analysis. Fundamental POV - They are a leading EV company which is popular as we sad with their luxury Electric Vehicles.Recently its linep with the Gravity SUV and reported 200M Q3 revenue which surpassed expectations makes it a tasty opportunity.With confirmed production target of crossing 10,000 vehicles and a fresh funding of 1.75$ Billion Lucid is very well positioned to follow up with this bullish run. Entry - On market open - 2.61$ Target 1: 3.46$ (covering the huge gap) Target 2: 3.93$ going towards upper resistance level in a formulated ascending channel Target 3: 4.40$ surpassing the Resistance Level so we can see what we can aim for next. Keep in mind at a point in time this company's stock was 65$ per share, so we have a long road ahead of us , this overview is short/mid term. As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
NASDAQ:LCIDLong
by DG55Capital
$LCID will be catapulted to $4.3-5 range- This stock has been beaten down as it failed to reach the masses. - However, the cars are impressive in terms of technology and looks. - Tesla model 3 & Y looks ugly in front of stylish Lucid motor's cars. - A big reason why Lucid might have a good run way to go higher is because of Saudi funding. They have invested billions in this company and would be investing more. - Lucid cars were sold to Police department of Soudi to further support the lucid. - Recently, lot of hedge funds like DE shaw, Citadel increased their position in the company. - Can it go to double digits? - Maybe if there is a short squeeze - Would it go to $5? - Yes, Charts indicate that it should test $5
NASDAQ:LCIDLong
by bigbull037
Could it be a bullish recovery?NASDAQ:LCID could be a bottoming out stock in play after it broke above the key long-term downtrend line since Nov 2021. Furthermore, the stock has broken above the bearish gap and if it could sustain above the levels: US$3.17, then it could be a potential bottoming out play. Ichimoku has shown three bullish golden crossover and the Stochastic Oscillator is showing a recovery in bullish momentum. Volume is expanding in a healthy fashion, making the stock attractive for mid-term momentum play. If it corrects in near-term, then 2.31 support will be worth looking out for a rebound.
NASDAQ:LCIDLong
by William-trading
Daily cloud brokenLucid Group, Inc. is forecast to remain unprofitable over the next three years, with analysts expecting its net loss to widen to $2.89 billion in 2024 ¹. However, the company's revenue is expected to grow significantly, more than quadrupling from $799 million in 2024 to $3.31 billion in 2026 ². While there isn't a specific year projected for profitability, Lucid's plans to expand its production capacity and narrow its net loss suggest that it may achieve profitability in the latter half of the decade. The company aims to increase its annual production capacity from 34,000 vehicles to 400,000 vehicles over the next four years ². Yes this was a.I generated to the question can Lucid become profitable
NASDAQ:LCIDLong
by mickeypool1
1
Lucid Group’s Epic Comeback: A Journey Back to Glory?Lucid Group (LCID) has experienced a steep decline since its historic peak on 15th November 2021, when it reached approximately $57 per share. The downtrend, spanning over two years, is best interpreted as a classic ABC corrective structure based on Elliott Wave Theory. However, recent technical signals suggest this prolonged bearish phase may have concluded with the low of $1.93. Elliott Wave Analysis of Lucid Group The ABC correction highlights a significant retracement, with the C-wave marking the final stage of this bearish structure. The $1.93 low could represent the termination of Wave C, potentially setting the stage for a robust recovery. If this analysis holds, Lucid Group could be poised for a sharp reversal, with an initial target of $13 and a long-term potential to reclaim $60. Fibonacci and Confluence Zones From a technical perspective, the $1.93 level aligns with key Fibonacci extensions, reinforcing its validity as a critical support. This confluence supports the idea that the correction is complete, paving the way for an impulsive upward move. Fundamental Outlook While the technical setup is promising, Lucid’s fundamentals will also play a crucial role in its recovery. As a leading electric vehicle (EV) manufacturer, Lucid is well-positioned in a burgeoning market. Its innovative designs and expanding global footprint make it a company to watch as the EV sector continues to grow. Risk Management and Key Levels Despite the bullish outlook, risk management remains vital. If the $1.93 level is breached, it would invalidate this scenario, signalling further downside risk. For now, this serves as the critical stop-loss level for any bullish positions. Final Thoughts Lucid Group is at a critical juncture. After a prolonged corrective phase, the stock appears ready to rebound, with technical indicators pointing to significant upside potential. Targets of $13 in the short term and $60 in the long term provide compelling opportunities for investors. For traders looking to capitalise on Lucid’s recovery, close attention to key support and resistance levels will be essential. The EV giant may just be gearing up for an electrifying comeback.
NASDAQ:LCID
by VitalDirection
**LCID Bounce Setup with Key Levels**### **Description**: The **30-minute chart** for **LCID (Lucid Group Inc.)** shows a potential bounce trade setup: - **Entry**: $2.58 (yellow line - current level) - **Stop Loss (SL)**: $2.48 (white line - support zone) - **Target 1 (T1)**: $2.71 (red line - first resistance) - **Target 2 (T2)**: $2.86 (green line - major resistance) Price is holding near a crucial support zone. Monitor for bullish confirmation with volume to validate the upward move. A break above $2.71 could accelerate momentum. 📈 #LCID #Lucid #TradingSetup #TechnicalAnalysis #NASDAQ #EVStocks
NASDAQ:LCIDLong
by ProfittoPath