Lucid Group, Inc. (LCID) Stock

Lucid Group, Inc. (LCID) is a Consumer Discretionary stock trading at $7.21 (as of 2026-07-17), with a market capitalization of $2.81B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Lucid Group, Inc. is a technology and automotive company that designs, engineers, and builds electric vehicles, along with EV powertrains and battery systems. It operates retail studios in the United States and serves customers through those facilities.

Understand Lucid Group, Inc.: how it makes money

Lucid designs and builds electric vehicles, EV powertrains, and battery systems, and makes money from vehicle sales and regulatory credit revenue (with some revenue tied to specific vehicle editions).

Lucid’s profit model is structurally delivery driven, revenue is linked to vehicles delivered/produced, while the company shows deeply negative gross and operating margins, indicating that turning manufacturing scale into economically positive unit economics is the central challenge.

Revenue by segment (latest quarter)
Lucid Vehicles$0.3B
Regulatory Credits$0.0B
Other$0.0B

Business quality (Solid): Useful operating signals are present (vehicles delivered, production, and customer reservations), but the provided segment candidates do not clearly reconcile to the stated total revenue for the quarter, so treat the segment view as directional rather than precise.

Bull case

  • Delivered volume is tracked directly: Vehicles Delivered to Customers is provided (count), which helps investors gauge actual monetization versus production plans.
  • Demand indicators exist beyond deliveries: Customer Reservations is provided (count), offering a way to track potential future sales momentum.
  • Non-vehicle revenue can contribute: Regulatory Credit Revenue is provided, which can add to total revenue even when vehicle economics are under pressure.

Bear case

  • Large losses relative to revenue: Gross margin is -110.4% and operating margin is -350.3%, indicating costs materially exceed revenue during the period.
  • Delivery scale is still small versus production capability signals: Vehicles Delivered to Customers is 3093 while Vehicle Production is 7874, suggesting timing and ramp execution risks.
  • Robotaxi-related commercialization looks early: Engineering Vehicles Delivered for Uber Robotaxi Program is 75, even though related commitment figures are also shown, implying limited near-term revenue contribution from that effort in the provided data.
Valuation — source: SEC EDGAR (first-party)
Price$7.21
Market Cap$2.81B
Price / Sales2.01
FCF Yield-165.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.35B
Net Margin-199.3%
Revenue Growth (YoY)20.2%
EPS Growth (YoY)1341.7%
FCF Growth (YoY)143.9%
Financial Health — source: SEC EDGAR
Altman Z-Score-3.54 (distress)
Piotroski F-Score3/9 (weak)
Valuation vs Sector & Industry
Sector P/E (Consumer Discretionary)21.6
Industry P/E (Automobiles & Trucks)18.7
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderPUBLIC INVESTMENT FUND ($1.69B)
Institutional Holders Tracked10
Congressional Trades (recent)5
Company
SectorConsumer Discretionary
IndustryAutomobiles & Trucks
CEOMarc Winterhoff
Employees6,800
CountryUS
IPO Date2020-09-18

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LCID earnings history · LCID institutional & insider holders · LCID KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.