Lucid Stock Price Prediction 2023, 2025, 2030 & Beyond
Lucid stock is one of the most widely held EV stocks in the world and could be like Tesla 2.0 if the company scales its EV deliveries and continues to innovate by releasing new electric cars in the future.
Here are my updated Lucid stock price predictions and targets for 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2035, 2040, 2045, and 2050.
Lucid Stock Price Prediction (2023-2050)
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Lucid Group is an EV company that obsesses over producing the highest quality electric vehicles on the planet. The company went public in 2021 in a SPAC IPO deal with CCIV to trade under the ticker symbol: LCID.
The company launched its first models of the Lucid Air Dream Edition in late 2021 and began delivering vehicles to customers in Q4 2021.
Lucid Group CEO Peter Rawlinson previously worked on the Tesla Model S and has an ambitious goal to scale Lucid into nearly 500,000 EVs produced annually over the next few years.
The company is backed heavily by the Saudi PIF and will help Saudi Arabia diversify its investment portfolio away from oil & gas holdings into renewable energy.
The bull and bear case for Lucid is huge but so is the opportunity to disrupt the electric vehicle industry and become the 2nd most valuable EV stock behind Tesla.
Lucid has superior EV range and technology compared to Tesla and I expect LCID stock to achieve a CAGR of 60% over the next 7 years. I truly believe that buying Lucid stock could be like buying Tesla’s IPO in 2010.
Lucid Stock Price Prediction 2023
In 2023, Lucid stock may reach an average price target of $17 with the minimum price of $7 and maximum price of $25.
Lucid Stock Forecast for 2023
2023 could be a breakout year for Lucid. The company plans to produce 10,000 to 14,000 vehicles and should cross the 10k delivery mark by the end of the year.
Lucid must continue scaling deliveries to the remaining 28k reservations (not including the 100k order from Saudi Arabia).
The Lucid Saudi factory will be closer to completion and perhaps the Saudi PIF continues adding to its 61% LCID stake.
In 2023, LCID’s price target is $17, which may be achieved if there is scaled production and a strong demand for EVs.
However, if luxury EV consumption rises significantly and there is an increase in reservations due to word of mouth, LCID could potentially reach the upper range.
On the other hand, if there is increased cash burn and slowing demand, it could pose a bottleneck on revenue growth, affecting LCID’s price target in the future.
Lucid Stock Price Prediction 2024
In 2024, Lucid stock may reach an average price target of $30 with the minimum price of $20 and maximum price of $55.
Lucid Stock Forecast 2024
Lucid should scale to over 50,000 annual deliveries and the Saudi factory may be complete. The company will also make progress on its China factory to help compete with Tesla in the world’s largest EV market. Production for Project Gravity may begin with its first few vehicles as well.
Lucid may move closer towards achieving profitability and achieving positive EBITDA. If the Federal Reserve reduces interest rates then demand for EV stocks should increase due to a potential tech stock boom.
However, Lucid may continue facing challenges with profitability and issue more shares to raise capital, which could cause share dilution.
Lucid Stock Price Prediction 2025
In 2025, Lucid stock may reach an average price target of $54 with the minimum price of $36 and maximum price of $100.
Lucid Stock Forecast 2025
2025 is a huge year for Lucid in my opinion. The company will began deliveries from its Saudi factory at scale and could compete the China factory. I also expect the Lucid Project gravity SUV to be under development with the first batch of SUV deliveries starting mid-way through 2025.
LCID may rise significantly and come close to reaching its all-time high, giving hope to many LCID shareholders who were previously at a loss.
Additionally, Lucid achieves positive EBITDA for the first time, causing the LCID stock to surge past $100 for the first time in history.
However, even though there is a spike in capital expenditures, the entry of new competitors into the EV market may lead to a slowdown in demand.
Lucid Stock Price Prediction 2026
In 2026, Lucid stock may reach an average price target of $93 with the minimum price of $75 and maximum price of $125.
Lucid Stock Forecast 2026
In just 3 years time, Lucid stock may approach the $200 billion market cap level and be considered for S&P 500 inclusion. S&P 500 inclusion would force institutional managers to buy LCID stock in order to rebalance their funds.
Additionally, LCID stock may soar as the company maxes out production at its Saudi and China factories. Project Gravity SUV is a huge revenue boost for the company.
On the other hand, Lucid may delay Project gravity SUV deliveries and fail to receive S&P 500 inclusion.
Lucid Stock Price Prediction 2027
In 2027, Lucid stock may reach an average price target of $164 with the minimum price of $125 and maximum price of $200.
Lucid Stock Forecast 2027
If Lucid becomes profitable during this year then operating margins will improve and the company can offer cheaper Lucid Air Pure models to further increase sales. Most consumers will look for electric cars and Lucid may still be considered the #1 overall EV maker in terms of quality.
Additionally, retail and institutional investors may buy up LCID stock once the company becomes profitable and send LCID stock to all-time highs.
On the other hand, Lucid may delay profitability another year or so but revenue grow will remain strong.
Lucid Stock Price Prediction 2028
In 2028, Lucid stock may reach an average price target of $287 with the minimum price of $200 and maximum price of $350.
Lucid Stock Forecast 2028
Crossing the $500 billion milestone will be a huge sign of relief for Lucid investors. At this point, many LCID investors will look back on the days when LCID stock was under $10 and wish they bought more shares.
Additionally, LCID bulls may take over as the company exceeds $50 billion in annual revenue.
On the other hand, Lucid revenue may increase but further EV competition is hurting YOY sales growth.
Lucid Stock Price Prediction 2029
In 2029, Lucid stock may reach an average price target of $502 with the minimum price of $300 and maximum price of $600.
Lucid Stock Forecast 2029
Lucid stock may 50x from its initial SPAC value and hit the $750 billion market cap.
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It could be a strange year for Lucid Motors. EV competition will become fierce as governments ban the sale of ICE vehicles in the future. Investors will pile into the best EV stocks as a way to gain a safe investment return.
On the other hand, Lucid may struggle to gain market share despite delivering nearly 700,000 EVs annually
LCID Stock Price Prediction 2030
In 2030, Lucid stock may reach an average price target of $879 with the minimum price of $500 and maximum price of $1,000.
Lucid Stock Forecast 2030
2030 may be a huge bullish year for LCID stock. The company could hit the $1 trillion market cap milestone and become one of the best tech stock investments of all-time. If LCID stock hits our $879 price target then that’s a 87x gain in just 7 years. My Lucid delivery estimate in 2030 is 1,000,000 EVs annually.
Lucid may generate a ton of net income and free cash flow thanks to its growing EV sales and energy storage business.
This could also be the year that Lucid Millionaires start appearing all over the place for being early investors in the company during its darkest days. It may be possible to retire on Lucid stock by holding your shares and selling covered calls out of the money to generate monthly income.
On the other hand, LCID stock may barely exceed the $1 trillion market cap, which gives investors a solid 50x gain from its current price.
Lucid Stock Price Prediction Beyond 2030: 2040 and 2050
It’s tough to predict what will happen nearly 8 years in advance for Lucid Motors. However, I do think several things could happen on key milestones such as 2040 and 2050.
The world will look extremely different as Millennials and Gen Z embrace EV technology and inherit trillions of dollars in wealth from the older generations.
Lucid Stock Fair Market Valuation
Lucid is in a tough situation now with all of the negative news surrounding the company. With only a 14k production estimate for 2023 and heavy cash burn, I understand why many Lucid bulls have sold and run for cover.
However, Lucid is still in startup mode and will benefit from scaled production once all of its EV factories are ramped up.
14,000 delivers at an average cost of $98,000 per vehicle equals $1.3 billion in projected revenue for 2023.
Using Tesla’s industry-leading Price to Sales ratio of 8, Lucid stock remains a bit expensive at the moment. At a $14 billion market cap, Lucid’s forward P/S ratio sits around $10. Buying LCID stock under $8 looks like an extremely attractive entry point for long term Lucid investors.
I estimate a fair market value of $6 per share for LCID stock. That’s a 33% premium on the current share price.
Lucid Stock Risk Factors
I shared much of the good news surrounding Lucid Group but we must address several headwinds and potential roadblocks that could stop Lucid from taking market share in the global EV market.
Lucid is a huge cash burn company at the moment with no profits. That’s not a good sign for LCID’s short term stock price. Many EV investors could shy away from LCID stock in favor of Tesla due to its strong earnings growth. In fact, Tesla earns more net income than Ford and GM combined.
Lucid has amazing promise but there is no denying several risk factors could hurt the stock price over the next few quarters.
The United States has officially entered a recession and growth stocks are trading much lower at the moment. We must account for a realistic stock market rebound and renewed consumer spending once things improve.
Lucid holds $4.9 billion in cash on its balance sheet with a $1.1 billion annual capital expenditure cost. That means the company will be fully funded well into 2024. It’s not exactly clear if Lucid Motors will run out of cash but management didn’t seem worried about it.
The Saudi PIF increased its stake in Lucid to over 60% and it’s possible that the PIF’s affiliate Ayar Third Investment wants to fully buyout LCID common shareholders and take the company private.
Related: Will Lucid Motors Survive or Go Bankrupt?
I bumped up the LCID price target due to the fact that supply chain issues, battery shortages, and inflation will improve over the next few years.
Final Thoughts on Lucid Motors Stock
LCID is my largest holding in my growth portfolio because I don’t see any other growth stock under $20 with the same amount of upside.
LCID’s stock price could fluctuate heavily in the short run but I’m taking a 3 to 5 year outlook on the company’s growth. It will be difficult to stomach sub-$10 LCID stock price though.
It’s been an emotional rollercoaster watching LCID jump as low as $6 to as high as $17 in just a few weeks.
Do your own research and I hope this LCID stock price prediction analysis will help you make the right decision in regards to investing in Lucid Group shares.
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In perspective, if $14K was invested in Tesla 5 years ago, it would be worth approximately $186k today. However, this was a different time and economic conditions were vastly different. Tesla then was a pioneer in the industry, today with significant competition, market volatility has softened. The least expensive EV currently is about $25K. It’s fine for production to increase but, if unit price does not significantly come down, Lucid’s will only be afforded by the very wealthy. With growing competition, entering the market, this could be a problem.