Lucid Stock Analysis - Buy Hold or Sell - LCID Stock Analysis -

Should you Buy Hold or Sell or Lucid Stock (LCID Stock) today? As a former Wall Street Stock broker I go over a highly detailed analysis and list my recommendation.

#Lucid #Stocks #LCID

I am former Wall Street stock broker that has worked for one of the largest financial firms on the market back in 2007-2008 market crisis and I am here to give you my analysis of Lucid Stock analysis going into 2021 and beyond.

I will go over a summary of the company, its product offerings, recent news, financials, analyst projections and

Give it my BUY HOLD OR SELL Recommendation.

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Founded in 2015 and headquartered in Phoenix, Lucid Group, Inc. is a designer and manufacturer of zero-emission battery-electric vehicles.
Lucid’s stated mission is 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 luxury sedan with a California-inspired design.
Select models of the Lucid Air are expected to have an EPA range of over 500 miles, with customer deliveries in the second half of 2021.
On September 16, 2021, the EPA gave the Lucid Air Dream Edition Range a record range rating of 520 miles (more than 100 miles above Tesla’s longest-range model).
On December 1, 2020, Lucid completed construction on the first phase of a $700 million, 730,000 square foot EV factory located in Casa Grande, Arizona (45 miles southeast of Phoenix).
On July 23, 2021, Lucid completed a merger with Michael’s Klein’s SPAC, Churchill Capital Corporation IV, and the stock began trading on the NASDAQ under the ticker LCID the next trading day.
Post-transaction, the company has approximately 1.6 billion shares outstanding, with a pro-forma ownership of 73.4% existing Lucid shareholders, 16.2% Churchill Capital IV shareholders, and 10.4% PIPE shareholders.
As of August 24, 2021, the Public Investment Fund of The Kingdom of Saudi Arabia owned 62.7% of total outstanding LCID shares.
Lucid’s first vehicle, the Lucid Air, is a high-end sports sedan with specs similar to the Tesla Model S. The company is planning to have four separate models of the Lucid Air available across price points with first customer deliveries expected in the second half of 2021. The Lucid Air Dream Edition model is expected to go on sale at a starting price of $169,000 and its specs (517 miles of range and 1080 horsepower) are said to have prompted Tesla to develop the competing Model S Plaid.
The Grand Touring will have a cost of $139,000 and have 500+ miles of range and an 800 horsepower engine. The Touring will have a cost of $95,000, less than 400 miles of range and a 620 horsepower engine. Finally, a standard model of the vehicle called the Pure (406 miles of range and 480 horsepower) will have a starting price of $77,400.
The company plans to launch an SUV model called the Gravity in late 2023.
Lucid’s CEO is former Tesla Model S lead engineer Peter Rawlinson, and the company has had the advantage of having the financial backing of the Saudi Arabia Public Investment Fund, which has invested $1.3B in the company and owned 62.7% of the outstanding shares as of August 24, 2021.
Lucid forecasts vehicle sales of less than 1,000 units in 2021, 20,000 in 2022, 49,000 in 2023, 90,000 in 2024, and 135,000 in 2025.

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