Where Will Lucid (LCID) Stock Be in 1 Year?

Lucid's (NASDAQ: LCID) banal has declined much than 70% implicit the past 12 months. The luxury EV maker, which went nationalist done a 2021 merger with a peculiar intent acquisition institution (SPAC), disappointed investors with sluggish deliveries and steep losses. Let's spot if it tin interruption retired of its rut implicit the adjacent year.

Lucid initially attracted a batch of attraction due to the fact that it was led by Peter Rawlinson, the erstwhile main conveyance technologist astatine Tesla (NASDAQ: TSLA), who oversaw the improvement of the Model S. But similar galore different SPAC-backed EV makers, Lucid overpromised and underdelivered.

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Before its nationalist debut, Lucid claimed it could present 20,000 vehicles successful 2022, 49,000 successful 2023, and 90,000 successful 2024. In reality, it delivered lone 4,369 cars successful 2022, 6,001 successful 2023, and 10,241 successful 2024. It struggled with proviso concatenation constraints, competition, and the impacts of inflation, higher involvement rates, and reduced EV subsidies connected the broader EV market. Rawlinson besides resigned successful aboriginal 2025, and the institution inactive hasn't appointed a imperishable CEO.

The bulls expect Lucid's enactment from the Saudi Arabian government, which owns implicit 60% of its shares done its Public Investment Fund (PIF), to assistance it standard its business. It besides yet started shipping its 2nd vehicle, the Gravity SUV, astatine the extremity of 2024.

Last July, Lucid partnered with Uber (NYSE: UBER) and Nuro to deploy astatine slightest 20,000 autonomous Gravity SUVs crossed the U.S. implicit the pursuing six years. It's besides inactive fulfilling a 10-year bid for 100,000 vehicles from the Saudi Arabian government, which began successful 2022.

Lucid plans to motorboat its 3rd vehicle, the much affordable "Earth" SUV, successful precocious 2026 oregon aboriginal 2027 to vie much efficaciously against Tesla and different EV makers. It volition besides upgrade its archetypal AMP-1 works successful Arizona and AMP-2 works successful Saudi Arabia to enactment that expansion.

From 2025 to 2027, analysts expect Lucid's gross to much than triple, from $1.3 cardinal to $4.6 billion, arsenic it sells much Air sedans, ramps up accumulation of the Gravity SUV, and rolls retired its archetypal Earth SUVs. They besides expect it to gradually constrictive its losses.

With a marketplace headdress of $3.3 billion, Lucid looks undervalued astatine 1.4 times this year's sales. Tesla, which is bigger and much profitable, trades astatine 15.2 times this year's sales. Moreover, 43% of Lucid's interval was inactive being shorted arsenic of Jan. 30. That bargain-bin valuation and precocious abbreviated involvement could acceptable it up for a large abbreviated compression connected immoderate affirmative news. Lucid is inactive a highly speculative stock, but I deliberation it could bounce backmost implicit the adjacent 12 months if it steadily ramps up its accumulation without immoderate large delays.