It is not investing advice. With a market cap of $35 billion, Lucid is currently trading at 27 times this years sales. However, it depends on many factors how the LCID stock will perform in the upcoming months. Thus, the forecast for Lucid Motors Stock price prediction for 2030 is that it will trade between 120 and 135 dollars. The automotive industry is changing at a rapid pace, with the adoption of electric vehicles, autonomous driving, and other new technologies accelerating every day. What is the 52-week Low of Lucid Motors Stock? The years of research and development show their passion and commitment to this cause. Lucid Motors is one of the leading companies in this space and their stock price reflects that. The Street is therefore reasonably sure that Lucid will begin production. We suggest our readers conduct the maximum level of research before making any investment decision in Lucid. Lucid plans to increase its annualized production run rate from 20K by 2022 to 500K by 2030. "autosize": true, At the same time, Lucid plans to expand overseas. Let us tell you that Lucid is expected to continue to bring new products to market and bring new products, this will help in boosting the share price. By 2030, it forecasts to triple its annual exports to about 500,000. While there is some disagreement on the exact price target, all three experts are bullish on the companys prospects. Lucid Motors Corp (formerly Lucid Motors, Inc.) designs, develops, manufactures, and markets all-electric vehicles and transition energy storage systems and vehicle components. However, Lucid is one of the most promising companies in the automobile segment that can surprise its investors. The 7 analysts with a stock price forecast for Lucid Group have an average 12-month price target of $11.79, which predicts an increase of 48.49%. Copyright 2023 predictustocks | Powered by Astra WordPress Theme. I'm also include news portal for all money making ideas. Nvidia is an incredibly powerful company that understands that the renewable energy sector and electric vehicles are going to be an enormous market. However, there are some factors that influence the stock price that one may want to consider before making an investment. Through its network of retail stores and through direct online sales, it sells automobiles to customers directly. How Much Would $10000 Invested in Tesla Stock at IPOBe Worth in 2023? If we measure the current performance Lucid may take 5 to 6 years to touch its recent ATH. Today we will talk about Lucid stock prediction 2030 in this article, here you will be given complete information. Lucid is an emerging automobile maker and it has the potential to touch great highs in the long term. Another potential issue is that Lucid has been producing cars for a few years now, but it still hasnt sold any of them. Lucid Group, Rivian, Polestar and NIO are already ahead of the game in many ways in the EV race. In the next bull rally, the prices of Lucid may surge more than our long-term Lucid forecast. Lucid Group (LCID -7.81%), the electric vehicle maker that went public by merging with a special purpose acquisition company (SPAC) last July, has often been compared to Tesla (TSLA -1.51%). The Best Stocks to Invest $5,000 in Right Now, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. As per our long-term Lucid forecast, it is not going to touch the target of $100 very soon but LCID stock may hit its target between 2029 to 2030. Lucid is an electric vehicle company that is expected to see significant growth in the coming years. Originally named Atieva, the company was founded by a group of engineers who worked at Tesla Motors, including its current Chief Technology Officer, Peter Rawlinson. Where Will Lucid Motors Stock Be In 5 Years? - SeekingAlpha There is no doubt that electric vehicles are the future. He believes that the company is well-positioned to benefit from the continued shift to electric vehicles, but cautioned that competition is increasing. The car is equipped with a 90 kWh battery that enables it to go up to 400 miles per charge. Most of the people try to buy this stock. With strong demand for its electric vehicles, the company is expected to grow at a rapid pace. Ans- We continue to have a strong balance sheet, closing the quarter with $4.6 billion cash, cash equivalents and investments, which we believe is sufficient to fund the Company well into 2023. I believe that's the best-case scenario for Lucid's investors, and it would still represent a 15-bagger gain from its current price. This is a challenge for Teslas investors, but its also a plus for Lucid, as it makes it stand out from the competition. Lucid Stock Forecast 2024 Lucid should scale to over 50,000 annual deliveries and the Saudi factory may be complete. They are making significant progress in the electric vehicle industry and have attracted the attention of major investors. If we measure the old performance, we can say that Lucid has the capacity to hit the target of $500. Save my name, email, and website in this browser for the next time I comment. So, while there is no guarantee that Lucid stock will go up, it is certainly worth keeping an eye on. As of March 2020, the stock price of Lucid Motors was $11.71 per share. Lucid Stock Price Prediction As per lucid motors stock price prediction 2026, Lucid Motors stock price is expected to rise to a minimum of $108 per share by 2026. So, what does the future hold for Lucid Motors? There is no definite answer to this question as the stock price of Lucid Motors will be influenced by a number of factors in the coming years. It blamed that reduction on the ongoing chip shortage and supply-chain challenges across the world. Therefore Lucid expects to match Tesla . According to expert analysis, there is a lot of data about Lucid stock price prediction 2030. Johan is an Indonesian entrepreneur, constantly learning about investing, trading, in the latest class of assets, especially stocks and digital assets. The answer may surprise you. "toolbar_bg": "#f1f3f6", Unfortunately, predicting stock prices is notoriously difficult, and even the most experienced analysts can only make educated guesses. The vehicle uses two electric motors with a combined power output of 1,000 horsepower and 1,600 lb-ft of torque. By delivering approximately 251,000 vehicles, including 42,000 sedans, 134,000 SUVs, and 75,000 new models, Lucid forecasts revenue of $22.8 billion in 2026.