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Lucid (LCID)

Company Profile
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
NASDAQ
Website
www.lucidmotors.com
CEO
Peter Rawlinson
Employees
Incorporated
Delaware
Location
California
Fiscal year end
Dec 31
Sector
Manufacturing > Motor Vehicle Body Manufacturing
Industry (SIC)
Motor Vehicles & Passenger Car Bodies
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
0001811210
Corporate docs
Articles of Incorporation & Bylaws
Underwriting Agreements
Plans of Reorganization
Indentures
Material Contracts & Credit Agreements
Subsidiaries Lists
Subsidiaries
Atieva, Inc. • Lucid USA, Inc. ...
IRS number
850891392

LCID stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$12.67
Low target
$5.00
High target
$21.00
Morgan Stanley
Maintains
Underweight
$5.00
25 Jan 23
B of A Securities
Maintains
Buy
$21.00
15 Dec 22
Evercore ISI Group
Initiated
In-Line
$12.00
30 Nov 22
Latest filings (excl ownership)
View all
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
Transcripts
LCID
Earnings call transcript
2022 Q2
4 Aug 22
LCID
Earnings call transcript
2022 Q1
6 May 22
LCID
Earnings call transcript
2021 Q4
1 Mar 22
LCID
Earnings call transcript
2021 Q3
16 Nov 21
Latest ownership filings
View all
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

Financial statements Chart LCID financial data
Quarter (USD) Sep 22 Jun 22 Mar 22 Dec 21
Revenue
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

Beta Read what these cash burn values mean

Financial data from Lucid earnings reports.

Institutional ownership, Q3 2022

LCID institutional ownership history Ownership history
13F holders Current Prev Q Change
Total holders 435 445 -2.2%
Opened positions 54 90 -40.0%
Closed positions 64 74 -13.5%
Increased positions 138 153 -9.8%
Reduced positions 102 83 +22.9%
13F shares Current Prev Q Change
Total value 45.58 bn 49.57 bn -8.0%
Total shares 2.29 bn 2.29 bn -0.0%
Total puts 20.91 mm 23.87 mm -12.4%
Total calls 19.73 mm 24.26 mm -18.7%
Total put/call ratio 1.1 1.0 +7.7%
Largest owners Shares Value Change
Public Investment Fund 1.02 bn $14.18 bn 0.0%
Ayar Third Investment 1.02 bn $24.62 bn 0.0%
Churchill Sponsor IV 96.10 mm $3.66 bn 0.0%
Vanguard 51.59 mm $720.68 mm +25.0%
BLK Blackrock 28.18 mm $393.67 mm +3.8%
Geode Capital Management 8.48 mm $118.38 mm +2.9%
First Trust Advisors 6.82 mm $95.30 mm +888.1%
Coatue Management 3.68 mm $51.34 mm -50.6%
NTRS Northern Trust 3.01 mm $42.01 mm +4.7%
BK Bank Of New York Mellon 2.81 mm $39.26 mm +18.0%
Largest transactions Shares Bought/sold Change
STT State Street 0.00 -10.82 mm EXIT
Vanguard 51.59 mm +10.32 mm +25.0%
BEN Franklin Resources 11.61 k -7.49 mm -99.8%
First Trust Advisors 6.82 mm +6.13 mm +888.1%
Coatue Management 3.68 mm -3.76 mm -50.6%
BAC Bank Of America 2.52 mm +2.12 mm +536.1%
Citadel Advisors 1.99 mm +1.99 mm NEW
C Citigroup 318.88 k -1.68 mm -84.0%
BLK Blackrock 28.18 mm +1.02 mm +3.8%
Alps Advisors 2.58 mm +773.15 k +42.7%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

LCID insider ownership history Insider history
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
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro
EXCLUSIVE: StockTwits CEO Rishi Khanna On Main St. Vs. Wall St. And Why This Sector Will Trend In 2023
1 Feb 23
When GameStop Corp (NYSE: GME) skyrocketed 2,311% over just 11 trading days between Jan. 13 and Jan.
NXP Semiconductors, UBS Group And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
31 Jan 23
U.S. stock futures traded lower this morning. Here are some big stocks recording losses in today’s pre-market trading session.
Lucid Stock Enters New Phase Following Buyout Rumors: What's Going On?
30 Jan 23
Lucid Group, Inc (NASDAQ: LCID) was falling more than 6% on Monday after surging almost 100% at one point on Friday before settling up 43%.
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

From Benzinga Pro
Thinking about buying stock in Mullen Automotive, Esports Entertainment, Elys Game Technology, Snap, or Lucid?
2 Feb 23
NEW YORK, Feb. 2, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for MULN, GMBL, ELYS, SNAP, and LCID.
Thinking about buying stock in Ford, Pfizer, Lucid, C3.ai, or Micron?
31 Jan 23
NEW YORK, Jan. 31, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for F, PFE, LCID, AI, and MU.
Thinking about buying stock in BigBear.ai, Aterian, Lucid Group, Applied Digital, or SoFi Technologies?
30 Jan 23
NEW YORK, Jan. 30, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BBAI, ATER, LCID, APLD, and SOFI.
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
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