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Yahoo
8 minutes ago
- Yahoo
Where Will Lucid Group Stock Be in 5 Years?
U.S. EV sales growth has decelerated dramatically, dropping from 40% growth in 2023-2024 to just 10% in 2024-2025. Lucid Motors is losing approximately $222,000 per vehicle sold despite recent growth, with operational costs of $927 million against just $235 million in revenue last quarter. The company's new Gravity SUV could be a make or break product rollout. 10 stocks we like better than Lucid Group › The electric vehicle (EV) revolution was supposed to be unstoppable, but the road has gotten bumpier than many investors expected. Many once-promising players have been forced to bow out, but Lucid Group (NASDAQ: LCID), a favorite of many investors, has managed to stick around despite significant headwinds. So, what might the future hold for the luxury EV maker? The macro picture for EVs has changed quite a bit over the past few years. U.S. sales are still growing, but the pace of that growth has slowed significantly. From 2023 to 2024, EV sales grew 40%, but from 2024 to 2025, that was just 10%. Consumer sentiment has degraded as well. Consumers are increasingly wary of large initial price tags, high repair costs, and a lack of charging infrastructure in many areas. A survey from AAA showed that American attitudes toward EVs are the worst they've been since 2019. Only 16% of respondents said they were likely or very likely to pick an EV as their next car. That's down from 25% just three years ago. Over the same period, the share of respondents who said they were unlikely or very unlikely to do so grew from 51% to 63%. Things could soon get worse. Right now, President Trump's "Big Beautiful Bill" is working its way through Congress. The Senate is still deliberating on its version, but the House's version, which passed in May, eliminates the EV tax credit that provided up to $7,500 to families purchasing qualified EVs. This, along with rising prices due to automotive tariffs, is likely to further slow domestic EV sales. Things look different outside the U.S., especially in China. Roughly half of all new car sales last year were EVs, and by now, about one in 10 cars on the road in China are electric, more than twice the share in the U.S. But while the Chinese market is still very strong, Lucid doesn't sell in China at the moment. Despite the lack of strength in the overall U.S. market, it's an exciting time for Lucid in many ways. After sales growth flatlined from 2022 to 2023, the company has delivered steady growth for the last year and a half. This growth is likely to accelerate as the company ramps up the launch of its Gravity SUV, which is already proving to be very successful. Lucid expects to deliver 20,000 total vehicles in 2025, more than twice that of 2024. The majority of these new deliveries will come from its Gravity SUV, while its sedan deliveries are expected to remain flat. As encouraging as the Gravity launch is, Lucid is still plagued with issues. Aside from the fact that sales of its sedan aren't growing, Lucid loses money on each car it sells -- a lot of money. Last quarter, the company reported $235 million in revenue it earned from delivering 3,109 vehicles. It also reported operational costs of $927 million. That means each car lost the company $222,000, well over the average price of a new Lucid. Even if you exclude sales, marketing, administrative, and R&D expenses, the company is still losing $73,000 on every vehicle it sells. Needless to say, the company has a lot of work to do. Still, these figures are better than they were, and the launch of a new vehicle is always going to be an especially costly time. Though the company needs to work to reduce costs and boost efficiency, which company leadership has assured investors is a top priority, scaling production will help significantly. There are high fixed costs in manufacturing that become less of an issue when more cars are rolling off the line. Though he's since stepped down, former CEO and CTO Peter Rawlinson said in an interview with an industry publication that he would "love it to be 20-80: Twenty percent doing cars, 80% licensing. Because the vision I have for Lucid is: Just as there's an Intel inside your laptop, there's a Lucid inside a Honda or a Toyota." Interim CEO Marc Winterhof clarified in the company's latest earnings call that this doesn't mean the company's focus is not on its vehicles first and foremost, but rather that it's a reflection of the size of the licensing opportunity. Lucid has some of the best technology in the business. Its powertrain technology, many of the internal components, and its software are top-of-the-line. Lucid can license this technology to other EV designers and drive revenue growth outside of delivering more cars. If Lucid executes flawlessly, scales production efficiently, and successfully grows a significant licensing segment, it could emerge as a profitable niche player. However, there are too many hurdles in the way for my taste. The company is burning incredible amounts of cash in a hyper-competitive field, and I think the most likely outcome is that Lucid continues to struggle over the next five years. Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Where Will Lucid Group Stock Be in 5 Years? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
18 minutes ago
- Bloomberg
Stock Movers: Tesla, Sweetgreen, Nike
On this edition of Stock Movers: - Tesla (TSLA) shares are down, with Tesla CEO Elon Musk and President Donald Trump renewing their feud over the $3.3 trillion tax and spending bill. Earlier today, Tesla shares were rallying off the back of launching a limited driverless taxi service is about to be tested by what analysts expect will be another downbeat quarterly sales report. The electric-car maker likely delivered around 389,400 vehicles in the three months that ended in June, according to analysts' estimates compiled by Bloomberg. That would be down roughly 12% from a year earlier, following a 13% drop in the first quarter. - Sweetgreen (SG) shares fell after TD Cowen downgraded it to hold from buy, saying the salad restaurant chain's key urban footprint 'appears to be under extreme pressure.' Analyst Andrew Charles says that according to his calculations, year four or older stores are showing same store sales down by double-digit percentages. - Nike (NKE) shares are up after Argus Research analyst John Staszak upgraded the athletic footwear and apparel company to buy from hold on view that a 'recovery is underway.' Nike's efforts to clear inventory in 2H of the year has resulted in most of the company's products being 'up-to-date,' and attracting customers, Staszak wrote. Other positives include the utilization of its e-commerce channel to improve pricing, and plans to reduce its imports from China to high single digits, compared with a mid-teens level previously.
Forbes
43 minutes ago
- Forbes
Musk's Latest Trump Spat Could Further Jeopardize Tesla
President Donald Trump and Elon Musk in happier times. Getty Images Elon Musk's tantrum over President Donald Trump's budget bill that adds trillions of dollars to the federal deficit raises the possibility that the intemperate billionaire is once again courting new risks for his companies, especially Tesla. The spat comes as the carmaker is expected to post a big drop in electric vehicle sales tomorrow. Meanwhile, it's about to lose federal incentives for EV sales and charging services, and its proposed robotaxi business may hinge on whatever federal regulations the Trump administration cooks up. It's a 'soap opera that remains an overhang on Tesla's stock with investors fearing that the Trump Administration will be more hawkish and show scrutiny around Musk-related U.S. government spending [for] Tesla/SpaceX and most importantly the autonomous future with the regulatory environment key to the future of Robotaxis and Cybercabs,' Dan Ives, an equity analyst for Wedbush said in a research note. Musk's companies have sucked in at least $30 billion of public support since 2010 Given how reliant Tesla and SpaceX have been on federal support for the past 15 years, he has much to lose. Forbes estimates Musk's companies have sucked in at least $30 billion of public support since 2010, including lucrative rocket launch and satellite contracts for SpaceX, a low-cost federal loan for Tesla's first factory and billions of dollars of free money it generates selling federal and California pollution credits. The U.S. is highly reliant on SpaceX, so it's less likely to suffer in the near term. Tesla, however, will undoubtedly be hurt by the elimination of $7,500 tax credits for EV buyers, now likely to phase out in September, and the end of government support for a national EV charging network it's benefited from. The company could also suffer if the U.S. Transportation Department were to craft stricter national safety requirements for autonomous vehicles and robotaxis, which Musk has been touting as a major new revenue source for Tesla. For the latest in cleantech and sustainability news, sign up here for our Current Climate newsletter. After a decade of steady global growth, Tesla's sales have stalled over the past year, dropping 13% in the first quarter. Consensus estimates expect Austin-based Tesla will report deliveries tomorrow of about 380,000 electric cars and crossovers in the three months that ended June 30, down 14% from a year ago. And that may be optimistic. Analysts like Deutsche Bank's Edison Yu see a far sharper decline, down as much as 20% to about 355,000 units, with sales plunging most sharply in Europe, down in North America and even in China, Tesla's biggest profit center. 'We expect Tesla's 2Q25 deliveries to miss sell-side consensus expectations, but this shouldn't come as a surprise as buy-side expectations are already materially lower at the moment,' Yu said in a research note. For the full year, he now expects the company to sell about 1.6 million vehicles, down nearly 10% from 2024. Tesla's slide over the past year coincided with what was until recently Musk's outspoken and financially generous support for Trump. But after stepping down in May from his role leading the DOGE initiative, much-criticized for haphazardly slashing thousands of federal jobs, Musk clashed with Trump over the so-called 'One Big Beautiful Budget Bill' in early June, complaining about how much it increased federal spending. Six days later, he reversed course and tried to smooth things over with the U.S. president even deleting a post linking Trump to the Jeffrey Epstein scandal. But he broke his relative silence last week after the release of a draft version of the Senate bill which would increase the deficit by $3.2 trillion, even more than a version that passed the House by a single vote. 'It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country – the PORKY PIG PARTY!!' he wrote on X on Monday. While Musk's criticism has focused on government spending, he's also complained that 'Trump's bill will eliminate millions of jobs in America and cause huge strategic damage to our country.' The plan 'gives concessions to old industries but will destroy future industries.' In response to his complaints and claims he'll spend heavily to defeat members of Congress who voted for the legislation, Trump said he might have to 'put DOGE on is the monster that might have to go back and eat Elon. I don't think he should be playing that game with me.' Trump suggested he would 'take a look' at potentially deporting the world's wealthiest person, a native South African-born who's a naturalized U.S. citizen. That's probably unlikely, but Trump can inflict significant pain on his former patron by turning up the heat on investigations into Tesla. For example, he could push the National Highway Traffic Safety Administration to intensify its long-running probe of Tesla's Autopilot and Full Self-Driving features that are linked to multiple fatal accidents. Or he could pressure the Securities and Exchange Commission to review the veracity of some of Musk's public Tesla comments, and even scrutinize the company's heavy reliance on manufacturing in China. "He's upset that he's losing his EV mandate. He's very upset,' Trump told reporters on Tuesday. 'He could lose a lot more than that, I can tell you that.' Tesla shares fell 5.4% to $300.44 in early afternoon Nasdaq trading. They're down 26% this year. More From Forbes Forbes Tesla's Newest Nightmare Is Donald Trump By Alan Ohnsman Forbes Elon Musk Is A Billionaire Federal Welfare Vampire By Alan Ohnsman Forbes Things Are Bad At Tesla. They're About To Get Much Worse. By Alan Ohnsman
