Lucid Group, Inc. (LCID)


May 9, 2023

LCID: Making Progress Despite Macro Challenges

By Steven Fox

Lucid Group (LCID; $7.11; O/P) delivered 1,406 vehicles in Q1, which generated $149mm of revenues for the company, as it also produced 2,314 vehicles during the quarter. By comparison, we were modeling Lucid Air sales…

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April 14, 2023

LCID: Some Thoughts on Q1 Deliveries

By Steven Fox

Last night (4/13), Lucid Group (LCID; $8.25; O/P) announced it produced 2,314 vehicles during Q1 at its manufacturing facility in Casa Grande, Arizona, which is above the Street’s estimate of ~1,900 but modestly below our…

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March 29, 2023

LCID: Formalizes Some Cost Actions as per Prior Messaging

By Steven Fox

Yesterday after the close, Lucid Group (LCID; $7.55; O/P) disclosed in an 8-K, which included an internal memo to employees from CEO and CTO Peter Rawlinson, plans to restructure and subsequently reduce headcount by approximately…

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March 27, 2023

LCID: On a More Manageable Road Now; Initiate with Outperform

By Steven Fox

We initiate on Lucid Group (LCID: $8.19) with an Outperform and a $11 target. We believe Lucid is at a critical juncture in its ambitious commercial development plans for a luxury branded electric vehicle based…

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