Before you start buying Lucid Motors stock for your stock market portfolio, you need to make sure you have all the knowledge you need to make good analysis and be able to predict its future movements. In this article, we will provide you with all the information you need to understand how this company may evolve in the future. We will present you its different activities, its direct competitors in its sector of activity, its different major partners. We will also explain how to make a good fundamental analysis of this stock with the most influential factors.
Of course, we'll have to keep an eye on all the innovations implemented by the group as part of the development of its future vehicles and in order to gain in autonomy, design or in the field of artificial intelligence.
It will also be necessary to pay attention to the marketing and advertising operations of the group in order to make itself known internationally and to extend its market shares to certain geographical areas.
The strategic partnerships, acquisitions and other joint ventures that Lucid Motors may enter into may also influence its development and therefore its share price.
Likewise, the competition in the industry should be carefully studied with major news and publications from its various opponents in the market.
Finally, you should of course study the group's financial results with its annual and quarterly balance sheets, making sure to compare them with analysts' forecasts and the targets set in its growth plan.
Let's take a few more moments to learn more about Lucid Motors. In order to be able to anticipate future price movements, you need to understand the company's main activities and sources of income.
Lucid Motors Group, now known as Lucid Group and formerly known as Churchill Capital IV Corp, is an American automotive company. Specifically, the company is engaged in the manufacture of electric vehicles.
The group has developed a car called Lucid Air, which is a sedan that offers interior space in a medium-sized exterior footprint. This sedan uses electric vehicle technology in every car model it builds.
The group's vehicles offer 1,080 horsepower with a range of nearly 800km per charge. In addition, an app allows drivers to enjoy a unique driving experience with Air Dream Edition, Air Grand Touring, Air Touring and Air Pure.
The company's studios and service centers are located in California, Florida, Michigan, Illinois, New York, Massachusetts, Washington, D.C., Arizona, Canada, Virginia, Texas and Colorado, USA.
Finally, it should be noted that the group has not yet started marketing its vehicles given that the launch of the Lucid Air, initially planned for 2020, has been postponed due to the Covid pandemic. The company should thus begin to make sales in the coming years and thus demonstrate its ability to be profitable.
Photo credits: ©jetcityimage/123RF.COM
If a good knowledge of the Lucid Motors group is essential to the analysis of its stock price, the same goes for its competitors. Indeed, as the electric vehicle market is currently booming, the company has to face some major opponents, of which here is a quick presentation:
First of all, the former Tesla Motors is a company specialized in the construction of electric vehicles. Founded in 2003, it is now headed by Elon Musk and is one of the most innovative companies in its sector with a mission to accelerate the global transition to a sustainable energy pattern. The group is also diversified in the field of energy solutions with stationary batteries for homes and industry or with photovoltaic panels.
This other American carmaker has also recently refocused on manufacturing electric vehicles. The company led some 15 car brands in the late 1990s and was the largest in its sector a decade ago.
This company, whose name comes from the contraction of the words Indian River, is a recent and innovative company based in the United States that became an electric vehicle automaker recently, in September 2021. The group which is headquartered in Plymouth, Michigan is currently considered, along with Tesla, as Lucid's most dangerous competitor.
This other company is a Chinese car manufacturer specializing in the development of electric vehicle production and has been around since 2014. Following its creation, the company has benefited from the investment of several other groups including Tencent, Temasek, Baidu, Sequoia, Lenovo and TPG. Let's also note that the British investment company Baillie Gifford took an 11% stake in this company in 2018.
Of course, the Lucid Motors Group has not only opponents but also partners, as it regularly joins forces with other companies in order to boost its growth or its innovations. Here are two concrete examples of these partnerships:
In 2021, the group announced, among other things, the establishment of an alliance with the giant Apple. Indeed, let's remember that the Apple group plans to launch its first electric car in the course of 2024 and that Apple also serves today as an operating partner for this company. The partnership should be confirmed soon.
Previously in 2017, Lucid Motors partnered with TomTom as the mapping provider for the Lucid Air. As a result of this partnership, Lucid Air drivers will be able to enjoy an exceptional navigation experience, powered by TomTom's full suite of navigation elements. These include digital mapping services, which are provided in the industry-standard NDS format, as well as TomTom NavKit navigation software, and of course TomTom Traffic.
Lucid Motors Group is privately held by major investors including Public Investment Fund with 62.7%, M Klein & Co with 3.20%, The Vanguard Group with 2.18%, Peter Rawlinson with 1.87%, Franklin Advisers with 0.91%, BlackStone Alternative Solutions with 0.52%, Winslow Capital Management with 0.47%, BlackRock Fund Advisors with 0.44%, Karpus Management with 0.43% and Geode Capital Management with 0.35%.
To find out how Lucid Motors stock will perform over time, whether in the short, medium or long term, you should of course use the various methods of analysis available to you. In particular, we will focus on fundamental analysis, which studies the major news in this sector, and on technical analysis with current and past chart indicators. For this, you can use basic indicators such as the MACD, moving averages, stochastics or the RSI.
If you wish to invest in Lucid Motors, you can buy, with certain classic stock market products such as the PEA or the securities account, cash shares of this company, or speculate directly on this value by using derivative products such as CFDs or contracts for difference. These contracts are available online and offered by approved brokers to individuals who wish to trade stocks on the stock market without having to hold them and allow short selling.
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