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The P/E ratio of Lucid Group is -6.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The CEO also acknowledges this is not his forte. Lucid is the new "range king," and is getting ready for volume production. The investing landscape is littered with companies that have provided ambitious earnings forecasts to drive investor enthusiasm yet who have failed to achieved their own guidance. According to Lucid AI-based technical analysis, the stock price dollar can reach $1000 in years 2044-45 (Forecast may change due to future data changes.) This may be the most exciting investment opportunity in the market today. Price as of April 28, 2023, 4:00 p.m. To some, the stocks drop to rock-bottom prices may suggest an opportunity to enter a long-term position. Where Will Lucid Motors Be in 5 Years? - Yahoo Finance If Lucid hits its ambitious growth targets for 2030, it will likely continue to expand over the following years and carve out a defensible niche in high-end luxury EVs. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LCID, but not buy additional shares or sell existing shares. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. In terms of cash flow, Lucid expects that it will allocate $1.9 billion for capital expenditures (capex) in 2023 -- the highest amount over the next five years -- presumably to prepare for the production of its SUV that's planned for that year. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Assembly of the company's first production model, the Lucid Air, will occur at the newly built factory in Arizona in the second half of 2021. Lucid IPO took place on July 26, 2021, priced at $15 a share, raising $4.5 billion and valuing the company at $24 billion. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. You're reading a free article with opinions that may differ from The . 8 analysts have issued 12-month price targets for Lucid Group's shares. Software will most likely shape the future of the automobile industry, especially when it comes to autonomous driving software. That big jump indicates it can hit its target of 20,000 shipments in 2022, as long as it secures enough components and avoids any production bottlenecks. Use the training services of our company to understand the risks before you start operations. It's a distinction that CEO Peter Rawlinson has envisioned from the start to build the "best car in the world." Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. With a $711 billion market capitalization, Tesla is priced to dominate the EV market for the foreseeable future.