Lucid seeks to inspire the adoption of sustainable energy by creating the most captivating electric vehicles, centered around the human experience. The company's first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design underpinned by race-proven technology. Featuring luxurious interior space in a mid-size exterior footprint, select models of Air are expected to be capable of a projected EPA estimated range of over 500 miles. Customer deliveries of Lucid Air are planned to begin this year.
Company profile
Ticker
LCID
Exchange
Website
CEO
Peter Rawlinson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Toyota Motor • Ford Motor • General Motors • Paccar • Navistar International • XPeng • Li Auto • Rivian Automotive • NIO • WABCO ...
Former names
Annetta Acquisition Corp, Churchill Capital Corp IV
SEC CIK
Corporate docs
Subsidiaries
Atieva, Inc. • Lucid USA, Inc. ...
IRS number
850891392
LCID stock data
Analyst ratings and price targets
Current price
Average target
$12.67
Low target
$5.00
High target
$21.00
Morgan Stanley
Maintains
$5.00
B of A Securities
Maintains
$21.00
Evercore ISI Group
Initiated
$12.00
Latest filings (excl ownership)
8-K
Other Events
31 Jan 23
8-K
Shareholder Nominations Pursuant to Exchange Act Rule 14a-11
27 Jan 23
8-K
Lucid Produced 3,493 Vehicles in Q4 2022 and 7,180 in the Full Year 2022, Exceeding Annual Guidance
12 Jan 23
8-K
Panasonic Energy and Lucid Group Announce Agreement to Supply Lithium-Ion Batteries for Lucid Air Luxury EVs
13 Dec 22
8-K
Entry into a Material Definitive Agreement
8 Nov 22
424B5
Prospectus supplement for primary offering
8 Nov 22
10-Q
2022 Q3
Quarterly report
8 Nov 22
8-K
Results of Operations and Financial Condition
8 Nov 22
8-K
Results of Operations and Financial Condition
12 Oct 22
EFFECT
Notice of effectiveness
6 Sep 22
Latest ownership filings
4
Peter Dore Rawlinson
3 Jan 23
4
Change in insider ownership
27 Dec 22
SC 13D/A
Ayar Third Investment Co
27 Dec 22
3
Initial statement of insider ownership
19 Dec 22
4
Michael Bell
9 Dec 22
4
Eric Bach
7 Dec 22
4
Michael Bell
7 Dec 22
4
Gagan Dhingra
7 Dec 22
4
Sherry Ann House
7 Dec 22
4
Peter Dore Rawlinson
7 Dec 22
Financial summary
Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.27 bn | 1.27 bn | 1.27 bn | 1.27 bn | 1.27 bn | 1.27 bn |
Cash burn (monthly) | 642.24 mm | 347.11 mm | 229.17 mm | 153.69 mm | (no burn) | 18.87 mm |
Cash used (since last report) | 2.68 bn | 1.45 bn | 956.23 mm | 641.26 mm | n/a | 78.74 mm |
Cash remaining | -1.41 bn | -182.62 mm | 309.46 mm | 624.43 mm | n/a | 1.19 bn |
Runway (months of cash) | -2.2 | -0.5 | 1.4 | 4.1 | n/a | 62.9 |
Institutional ownership, Q3 2022
13F holders | Current |
---|---|
Total holders | 435 |
Opened positions | 54 |
Closed positions | 64 |
Increased positions | 138 |
Reduced positions | 102 |
13F shares | Current |
---|---|
Total value | 45.58 bn |
Total shares | 2.29 bn |
Total puts | 20.91 mm |
Total calls | 19.73 mm |
Total put/call ratio | 1.1 |
Largest owners | Shares | Value |
---|---|---|
Public Investment Fund | 1.02 bn | $14.18 bn |
Ayar Third Investment | 1.02 bn | $24.62 bn |
Churchill Sponsor IV | 96.10 mm | $3.66 bn |
Vanguard | 51.59 mm | $720.68 mm |
BLK Blackrock | 28.18 mm | $393.67 mm |
Geode Capital Management | 8.48 mm | $118.38 mm |
First Trust Advisors | 6.82 mm | $95.30 mm |
Coatue Management | 3.68 mm | $51.34 mm |
NTRS Northern Trust | 3.01 mm | $42.01 mm |
BK Bank Of New York Mellon | 2.81 mm | $39.26 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 Dec 22 | Peter Dore Rawlinson | Class A Common Stock | Option exercise | Acquire M | No | No | 0.37 | 869,570 | 321.74 k | 21,646,689 |
29 Dec 22 | Peter Dore Rawlinson | Stock Options Class A Common Stock | Option exercise | Dispose M | No | No | 0.37 | 869,570 | 321.74 k | 3,379,846 |
22 Dec 22 | Public Investment Fund | Class A Common Stock | Buy | Acquire P | Yes | No | 10.6752 | 85,712,679 | 915.00 mm | 1,100,965,202 |
7 Dec 22 | Bell Michael | Class A Common Stock | Sell | Dispose S | No | Yes | 8.5666 | 12,574 | 107.72 k | 1,261,950 |
5 Dec 22 | Peter Dore Rawlinson | Class A Common Stock | Payment of exercise | Dispose F | No | No | 10.15 | 466,751 | 4.74 mm | 20,777,119 |
News
EXCLUSIVE: StockTwits CEO Rishi Khanna On Main St. Vs. Wall St. And Why This Sector Will Trend In 2023
1 Feb 23
NXP Semiconductors, UBS Group And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
31 Jan 23
Lucid Stock Enters New Phase Following Buyout Rumors: What's Going On?
30 Jan 23
Reported January 29, 2023, Fuzzy Panda Research Issued Report On Lucid Group Titled 'Sell Lucid – We Believe Buyout Rumor Is Fake News – Came Right After Lock-Up Expiration'
30 Jan 23
Lucid Analyst Remains Bullish Even After Stock Rallies On Saudi Arabia Takeover Speculation
30 Jan 23
Press releases
Thinking about buying stock in Mullen Automotive, Esports Entertainment, Elys Game Technology, Snap, or Lucid?
2 Feb 23
Thinking about buying stock in Ford, Pfizer, Lucid, C3.ai, or Micron?
31 Jan 23
Thinking about buying stock in BigBear.ai, Aterian, Lucid Group, Applied Digital, or SoFi Technologies?
30 Jan 23
Lucid Motors Opens First Retail Studio and Service Centre in Montreal, Quebec
27 Jan 23
Thinking about buying stock in Minerva Surgical, Lucid, Rivian, IBM, or NVIDIA?
26 Jan 23