Lucid Group, Inc. is a car organization, which is centered around planning, creating, assembling, and selling electric vehicles (EVs). It was founded in 2007 by Bernard Tse and Sam Wen (former executives at Tesla Motors) and has its headquarters in Newark, California.
Lucid Motors Stock IPO
On July 26, Churchill Capital Corp. IV launched Lucid Motors’ highly anticipated initial public offering, bringing the market leader in luxury electric vehicles to the public.
In February, Churchill Capital IV — a SPAC (also called a blank-check organization, it’s an alternative to traditional IPOs. These organizations have no resources past money. They trade on stock exchanges and afterward converge with privately owned organizations, taking those organizations public.) — declared an arrangement to take Clear Engines public, esteeming the organization at $24 billion. The organization is opening up to the world “to advance rapidly into the following period of our development,” Clear Engines President Peter Rawlinson said.
That’s how Lucid Motors entered the trading world from the platform Nasdaq on 26 July using the token symbol ‘LCID’.
LCID Stock Forecast (Short- and Long-Term)
Here below is a basic price prediction table: –
| Years | Min Price | Avg Price | Max Price |
| 2023 | $ 57.80 | $ 65.25 | $ 74.20 |
| 2024 | $ 74.65 | $ 79.30 | $ 89.20 |
| 2025 | $ 87.48 | $ 92.77 | $ 98.75 |
| 2030 | $ 229.98 | $ 228.60 | $ 256.78 |
| 2040 | $ 439.25 | $ 445.30 | $ 474.09 |
Short-term forecast
- LCID Price Prediction 2023: In 2023 the price of Lucid stock is anticipated to reach a maximum of $72 per share. With areas of strength for its electric vehicles, the corporation is expected to continue developing quickly. In order to raise the price of its shares, Lucid is expected to keep making improvements and introducing new products to the market.
- LCID Price Prediction 2024: The price of Lucid stock is expected to range from $74 to $82 in 2024. This is depending on the organization’s projected growth and current orientation. The company is expected to experience significant growth soon.
- LCID Price Prediction 2025: By 2025, Lucid Motors’ stock price is likely to rise to at least $87 a share. With the expected growth in the electric vehicle market, the competition is also growing swiftly, but Lucid Motors is already establishing itself as a contender as, over the past few years, the organization’s revenue has been rising.
Long-term forecast
- LCID Price Prediction 2030: Since Lucid is still a new company in the market, the price of its stock may be down right now, but over the long term, it will rise as more people get interested in electric vehicles. In 2030, the stock price of Lucid can surely reach $ 229.98.
- LCID Price Prediction 2040: According to the current market patterns and conditions, it is assessed that Lucid stock will be valued at $439.25 per share by 2040. This expectation depends on various variables including the organization’s solid monetary position, the rising interest in electric vehicles, and Lucid’s inventive innovation. Lucid gives off an impression of being strategically situated to proceed with its development and outcome in the coming years.
The current stock price of Lucid Motors is 14.23 USD.
See: Nio Stock Price Forecast 2023, 2025
Expert’s Sayings About LCID
Below we’ve some quotes gathered from some leading Nio price estimators, which will surely help you gain an insight into what experts say.
Itay Michaeli, Citi Group $57 target
“We rate Lucid shares Buy/High Risk. Fundamentally, we are constructive on the Lucid story and its position in the EV/Car of the Future theme”
John Murphy, Bank of America $30 target
“I think it’s somewhat somewhere between a combination of Tesla and Ferrari”
Charles Coldicott, Redburn $39
“Lucid’s Air sedan is already the longest-range electric vehicle, even ahead of Tesla in some areas”
Factors Affecting the Price of LCID
Apart from electric vehicle sales and competition in the market, Saudi Arabia plays an important role in the stock price of LCID as 60% of shares are held by the Public Investment Fund (PIF) of Saudi Arabia, which makes it the company’s biggest shareholder and if PIF of Saudi Arabia starts selling the shares then it will affect company also.
Is Lucid Stock Worth Buying?
Since Lucid is still a new company in the market, the price of its stock may be down right now, counting on various variables including the organization’s solid monetary position, the rising interest in electric vehicles, and Lucid’s inventive innovation. Lucid gives off an impression of being strategically situated to proceed with its development and outcome in the coming years.
So yes, it’s worth a buy but only if you are planning for a long-term investment, for the short-term it may not be a good choice to with.
It’s just a piece of advice based on our predictions, so it’s suggested that do your own analysis before taking any decision.
