The amount you want to invest is dependent on a variety of factors, including the status of your emergency fund, your other investments and the price of your selected stock.Īs of April 20, 2022, Lucid Motors was trading at about $21. When you’re ready to invest, think about how much money you have on hand to put into stocks. Two additional differentiating factors in the company’s favor are that the Lucid Air has a range of over 500 miles on a single charge, and it was selected as the 2022 MotorTrend Car of the Year. Like Tesla, Lucid Motors eschews the traditional car dealership model by selling directly to consumers online and through its retail sales network. Its investor presentations highlight that its target market is “post-luxury” consumers, or high-income individuals interested more in sustainability and quality than status symbols. For instance, Lucid Motors’ cheapest vehicle starts at $77,400, far more than the average sedan.
Take the time to review the risks facing the company, and how it plans to stand out in a competitive market. That’s not uncommon for a relatively young and rapidly growing company, but it does mean that investing in Lucid Motors may be riskier than investing in an established company with a history of strong returns. As of December 21, 2021, the company’s accumulated deficit was approximately $6.1 billion. Notably, the company’s annual report points out that Lucid Motors has incurred net losses each year since its inception, and expects to face increasing expenses and losses for the foreseeable future. Potential investors can view those documents, as well as the company’s investor presentations and press releases, on Lucid Motors’ investor relations site.
Securities and Exchange Commission (SEC). Lucid Motors is a publicly-traded company, so it is required to file its financial reports with the U.S. Investing in a single company can be risky, so do your homework to ensure you’re making a sound decision. If that feels overwhelming, check out our listing of the best online brokers for beginners. For shorter-term goals, you could open a taxable brokerage account. If you’re focused on long-term retirement savings, you may want to consider opening an individual retirement account ( IRA) to take advantage of its valuable tax benefits. There are hundreds of brokers and investment apps available, so it’s worth looking for a broker that offers low account minimums and minimal fees.ĭepending on your brokerage platform, you can usually choose between several account options. To invest in Lucid Motors, you need to start by opening an account with a broker.
#Lucid news today how to
Whether you’re already a fan of the Lucid Air or simply believe in the future of electric vehicles, here’s how to buy Lucid Motors stock. Over the past three years, Lucid Motors has experienced substantial growth, and its stock price has increased by about 82%. ( TSLA) has gotten the lion’s share of attention for their luxury electric cars, there’s a newer competitor making waves: Lucid Motors. As of late April 2022, the national average is $4.11 a gallon, up from just $2.87 a year ago. The company will need to provide a big boost in production volume estimates for 2023 when it offers this year's guidance late next month, or the stock could drop to new lows.Electric vehicles have been gaining in popularity for years, and the trend has only strengthened with gas prices skyrocketing.
There is plenty of risk for Lucid investors without being involved in a price war. So Tesla may be grabbing more market share with its price cuts, but it likely isn't from Lucid's core customer base. Tesla has now differentiated those models with more mainstream pricing that could narrow Lucid's consumer market.īut Lucid mostly caters to a much more wealthy consumer with its base model starting at nearly $90,000. The performance versions of those models sold for about $70,000 and $63,000 prior to the price drop, which approaches the luxury end of the market.
Tesla's price cuts focused on increasing sales of its Models Y and 3 vehicles. Lucid, which is led by ex-Tesla senior engineer Peter Rawlinson, offers luxury electric sedans that compete with the Tesla Model S that Rawlinson helped develop. The report highlights Tesla's dominant position in the sector and mirrors other reports of spikes in demand for Tesla vehicles after it cut prices in the U.S.
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