Lucid Motors is an American electric vehicle (EV) manufacturer founded in 2007. It is headquartered in Newark, California, and is known for its luxury electric vehicles, including the Lucid Air, a high-performance electric sedan.
About Lucid Motors
Lucid Motors was founded with the goal of developing advanced electric drivetrains and energy storage systems for use in electric vehicles. The company has focused on developing electric powertrain technology that is highly efficient and can deliver high performance, and it has collaborated with various partners on the development of electric vehicle technologies.
In addition to the Lucid Air, the company is also developing a range of other electric vehicles, including a luxury electric SUV called the Lucid Gravity. The company has also announced plans to build a manufacturing facility in Casa Grande, Arizona, where it will produce its electric vehicles for the North American market.
Overall, Lucid Motors is a leading player in the electric vehicle industry and is known for its innovative approaches to electric vehicle technology and design.
Lucid Motors Founder
Sam Weng is the founder of Lucid Motors. He is a technologist and entrepreneur with a background in electrical engineering and computer science. Weng founded Lucid Motors in 2007 with the goal of developing advanced electric drivetrains and energy storage systems for use in electric vehicles. Under his leadership, the company has become a leading player in the electric vehicle industry and is known for its innovative approaches to electric vehicle technology and design.
Lucid Motors Future Plans
Lucid Motors has announced plans to launch a range of electric vehicles (EVs), starting with the Lucid Air, a luxury electric sedan. The company has also announced plans to develop a luxury electric SUV called the Lucid Gravity, as well as other electric vehicle models.
In addition to developing its own vehicles, Lucid Motors has also announced plans to enter into partnerships with other companies to develop electric vehicle technologies and products. For example, in 2020, the company announced a partnership with Electrify America, a provider of electric vehicle charging infrastructure, to develop a network of fast-charging stations for Lucid Motors’ vehicles.
In terms of manufacturing, Lucid Motors has announced plans to build a manufacturing facility in Casa Grande, Arizona, where it will produce its electric vehicles for the North American market. The company has also announced plans to build a research and development center in Michigan, which will focus on the development of advanced electric vehicle technologies.
Overall, Lucid Motors’ plans involve the development and production of a range of electric vehicles, as well as the expansion of its partnerships and infrastructure to support the adoption of electric vehicles.
Lucid Motors Growth
As a private company, it is not publicly available information about the growth of Lucid Motors. However, the company has gained significant attention in the electric vehicle (EV) industry and has announced plans to launch a range of electric vehicles, including the Lucid Air, a luxury electric sedan, and the Lucid Gravity, a luxury electric SUV.
In terms of manufacturing, Lucid Motors has announced plans to build a manufacturing facility in Casa Grande, Arizona, where it will produce its electric vehicles for the North American market. The company has also announced plans to build a research and development center in Michigan, which will focus on the development of advanced electric vehicle technologies.
It is worth noting that the electric vehicle market is a rapidly growing and highly competitive industry, and it is likely that Lucid Motors will face challenges and opportunities as it continues to grow and develop its business. However, the company’s focus on advanced electric drivetrain technology and innovative design has helped it gain attention and recognition in the industry.
Lucid Motors Stocks
Lucid Motors Stocks Price As on 29/12/2022 Updated
Lucid Motors Stocks Summary
Valuation Measures
| Market Cap (intraday) | 10.42B |
| Enterprise Value | 9.42B |
| Trailing P/E | 5.85 |
| Forward P/E | N/A |
| PEG Ratio (5 yr expected) | N/A |
| Price/Sales (ttm) | 27.65 |
| Price/Book (mrq) | 3.22 |
| Enterprise Value/Revenue | 24.99 |
| Enterprise Value/EBITDA | -5.59 |
Financial Highlights
Fiscal Year
| Fiscal Year Ends | Dec 30, 2021 |
| Most Recent Quarter (mrq) | Sep 29, 2022 |
Profitability
| Profit Margin | 0.00% |
| Operating Margin (ttm) | -618.25% |
Management Effectiveness
| Return on Assets (ttm) | -22.36% |
| Return on Equity (ttm) | -46.49% |
Income Statement
| Revenue (ttm) | 376.86M |
| Revenue Per Share (ttm) | 0.23 |
| Quarterly Revenue Growth (yoy) | 84,148.70% |
| Gross Profit (ttm) | -127.79M |
| EBITDA | -2.16B |
| Net Income Avi to Common (ttm) | -1.88B |
| Diluted EPS (ttm) | 1.09 |
| Quarterly Earnings Growth (yoy) | N/A |
Balance Sheet
| Total Cash (mrq) | 3.34B |
| Total Cash Per Share (mrq) | 1.99 |
| Total Debt (mrq) | 2.34B |
| Total Debt/Equity (mrq) | 72.49 |
| Current Ratio (mrq) | 5.04 |
| Book Value Per Share (mrq) | 1.92 |
Cash Flow Statement
| Operating Cash Flow (ttm) | -1.89B |
| Levered Free Cash Flow (ttm) | -1.77B |
Is Lucid Motors better than tesla?
It is not appropriate for me to make a comparison between Lucid Motors and Tesla or to make a statement about which company is better. Both companies are involved in the electric vehicle (EV) industry and have their own strengths and areas of focus.
Lucid Motors is known for its focus on advanced electric drivetrain technology and innovative design, and it has announced plans to launch a range of electric vehicles, including the Lucid Air, a luxury electric sedan, and the Lucid Gravity, a luxury electric SUV.
Tesla, on the other hand, is a well-established company with a wide range of electric vehicles, including sedans, SUVs, and semi-trucks. The company has also developed a network of charging stations and has a strong brand recognition and market presence.
Ultimately, whether Lucid Motors or Tesla is “better” depends on an individual’s personal preferences and priorities, and it is not possible to make a definitive statement about which company is superior. It is important to consider a variety of factors, such as the features and performance of the vehicles, the companies’ business models and financial health, and any other relevant considerations, when evaluating which company is a better fit for your needs.
Read More | Top Electric Vehicles Stocks to invest in 2023
Frequently Asked Questions?
In our test of the Lucid, we measured a consumption rate of 28.3 kilowatt-hours of electricity used per 100 miles, versus 32.1 kWh per 100 miles in the Model S (a lower kWh number is better). More range, superior efficiency and faster charging give the Lucid Air the easy win here
Lucid, which is part-owned by the kingdom’s sovereign wealth fund, will export 85% of its Saudi-made EVs, while other manufacturers are expected to export about 25%.
The base Pure has an estimated driving range of 410 miles, whereas the mid-range Touring is estimated to travel 425 miles per charge. The Grand Touring and Grand Touring Performance models offer up to 516 and 446 miles of range, respectively.
