We welcome you to our stock price prediction article. In this article, you will learn about the Lucid stock price prediction for 2023-30. Hope you will get a clear picture after reading this article. We wrote the article in layman’s language for you to understand clearly and scroll your eyes fast to save time. So just take a cup of coffee and let’s get started …
Lucid Motors was originally founded in 2007 with a target of manufacturing powertrains and electric vehicle batteries for different vehicle manufacturers. The founding members are Bernard Tse, Sheaupyng Lin and Sam Weng. It was formerly known as Ateiva Inc. The main headquarter of the company is in Newark, California, United States. The company changed its name to Lucid Motors in 2016. One of the most interesting facts is that the company’s CEO, Peter Rawlinson was the former Chief Engineer of Tesla’s Model S.
Lucid Motors received investments from several companies like JAFCO, Fidelity, Venrock, Tsing Capital, Mitsui and many more but currently, the largest shareholder of the company is the Saudi Arabian Public Investment Fund.
Notable News and Developments
Lucid’s new Software Update: In October 2022, Lucid updated that it is rolling out the largest software update i.e. UX 2.0. It includes improvements to its EV model, Air Sedan. Although Lucid Motors has reflected a lot of supply chain issues from the beginning of 2022, the company is expected to bolster its production level to reach 6,000-7,000 EVs by the end of 2022. In its new software update, the following updates have taken place:
- Glass Cockpit along with Pilot Panel Displays – New on-screen layout and EV will get ready to drive once the driver takes the seat and buckles up. Other features like navigation maps and Alexa Built-In voice control are also included.
- DreamDrive and Driver Assistance Systems – This includes Adaptive Cruise control systems, rear pedestrian collision protection system and Park Distance Warning feature.
- Advance Micro Lens Array Headlights – If any source of light is detected, the headlights will switch to low beams if required. It also involves automatic headlight leveling with adjustments for the height and angle of the vehicle in relation to the ground.
Lucid Q3 result: In Q1 2022, Lucid Motors reported its cost of revenue to be $246 million. In Q2 2022, it became $292 million. In Q3 2022, the company produced 2,282 EVs which is more than triple compared to Q2 2022. Out of the total, 1,398 are delivered to the reservation holders.
Must Read: Rivian Stock Prediction 2050
Lucid Stock Price Prediction
According to the analysis done by SG Bulls Team, the Lucid stock price prediction is positive. In recent quarters, the revenue has increased consistently reflecting strong momentum in the company’s growth in the coming years. Lucid Motors is, therefore, expected to provide a good return on every investment opportunity. Moreover, globally, Lucid Motors is regarded as one of the fastest-growing electric vehicle-producing companies.
| Lucid Stock Price Prediction by Year | Expected Price |
|---|---|
| 2023 | $19.75 |
| 2024 | $35.75 |
| 2025 | $53.46 |
| 2026 | $101.47 |
| 2027 | $127.31 |
| 2028 | $146.15 |
| 2029 | $172.31 |
| 2030 | $197.89 |
Lucid Stock Price Prediction 2023
The team of analysts did the prediction for 2023 based on the financial reports of the company. Lucid stock price prediction for 2023 is expected to reach $19.75.
You are right – the growth will not be much in 2023 unless Lucid takes a massive step. Moreover, taking the world scenario, growth is not expected to be high in a short-term period. So let’s see how the company can perform in 2024.
Lucid Stock Price Prediction 2024
In 2024, the world economy is expected to gain momentum. Accordingly, incentives for generating renewable energy sources, especially solar energy are expected to rise. Lucid Stock Price Prediction by our team for 2024 is $35.75.
Lucid Stock Price Prediction 2025
In 2025, the United States will become tech-driven. Out of all the companies engaging in tech-driven activities, Lucid Motors will be one of them in introducing high-tech EVs in the market. Our analysts found that Lucid Stock Price Prediction is $53.46 – equivalent to a 49.50% increase from 2024.
Lucid Stock Price Prediction 2026
Saudi Arabia’s Public Investment Fund (PIF) owns 61% of the total shares of Lucid Motors. Moreover, Saudi Arabia started its construction works of the Lucid Motors electric vehicle factory has started in May 2022. The construction works are expected to end in 2026. During the third week of October 2022, al-Swaha said that in 2026, Saudi Arabia will export around 150,000 electric cars of Lucid. According to our analysts, based on these notable updates, Lucid Stock Price Prediction for 2026 is expected to reach $101.47.
Lucid Stock Price Prediction 2027
Now are you thinking, ” How much will lucid stock be worth in 5 years?”
Well here is the answer given below ⬇
Lucid’s intention of improving sustainability via manufacturing luxury electric cars by focusing on renewable energy would increase its sales. Lucid Stock Price Prediction for 2027 is expected to reach an all-time high of $127.31.
Lucid Stock Price Prediction 2028
The sales figures of Lucid Motors in Saudi Arabia are expected to rise with its steady growth in export among Middle East countries. There is no impending bad situation to be observed till 2030 once the world economy starts recovering from the present situation. By taking different factors and considering predictions made by various organizations, our analysts believe that the Lucid Stock Price Prediction for 2028 will reach $146.15.
Lucid Stock Price Prediction 2029
The new factory of Lucid which got built in Newark is expected to create over 4,800 job opportunities by 2029. It is also expected that the site will generate around $32 billion as revenue by 2029. Based on our analysis, Lucid’s stock price can reach an all-time high of $172.34 or might show some correction to $134.51 during December 2029. This can happen due to profit booking by different investors who held the stock since 2021 and 2022. We can suggest that if you are a very long-term investor, then you don’t have to worry about small corrections as the company, Lucid Motors has the ability to compete with Tesla in the long run.
Lucid Stock Price Prediction 2030
Considering factors like market demand for electric vehicles, and technological improvement, we have estimated that the Lucid Stock Price can reach $197.89. The company’s fundamentals are quite strong and based on its potential you can expect good returns on investing in this company.
Conclusion
Due to some supply chain issues faced due to rate hikes and fear of recession, the Lucid Stock Price can show short-term corrections for a couple of months. According to our analysts, if you want to invest you can go for it based on your risk appetite. If the stock price corrects more then you can invest at $10.03. Prepare yourself to hold it for the long term to get massive returns. If you find that, within 2-3 years, you are getting satisfactory returns, you can book profit and can again purchase if the stock price corrects.
We would advise you to manage your finances accordingly before you invest. If you want to make a very long-term investment to get a 5,000% return, you can read this article.
FAQ
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What is the target price for Lucid Stock?
Based on our analysis, the target prices of the Lucid Stock are $19.75 in 2023, $35.75 in 2024, $53.46 in 2025, $101.47 in 2026, $127.31 in 2027, $146.15 in 2028, $172.34 in 2029, and $197.89 in 2030.
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Should you buy Lucid Motors stock in 2023?
The stock price is very low and might correct more to reach $6.03. For example, if you want to invest $5,000 in total now, then we would recommend you to invest $1,500 now, $1,500 when it will correct more and $2,000 when it will cross $9.34. Before investing, have a look at your risk appetite. If something awful happens in the future, you must book your profits immediately and exit your positions.
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What will Lucid stock be worth in 5 years?
According to our analysis, as Lucid is having massive plans to expand its operations and boost its sales, we believe that the stock price will cross $120. You can go through our write-up on Lucid Stock Price Prediction above to get a rough idea of how the stock price will grow over the years.
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What will Lucid stock be worth in 10 years?
As Lucid is reflecting a huge capability of expanding its operations and boosting its sales, our analysts believe that the stock price can cross $200.
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Will Lucid stock be like Tesla?
No. Tesla is already growing exponentially and is developing its technology faster than any other automobile company. Therefore, Lucid stock cannot be like Tesla but the stock price can show huge growth in the coming years.
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Is Lucid a long-term investment?
Absolutely Yes. It is because the stock price can show short-term corrections but in the future, it has the potential to become a multi-bagger. In case, if you are satisfied with 200% or 300% returns on your investment, you can exit your positions and wait for corrections to invest again.
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Is Lcid stock a good buy?
As per our analysis we have a strong belief in the company’s potential to grow. You can buy at a small quantity in December 2022 and if it corrects 10% more, you can increase your stake. Remember to hold the company for a long term to get huge returns.
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