Lucid Group, Inc.

Сильный индекс, значительно вырос. Быки резко укрепили уверенность в своих позициях.

Strong index, significantly up. Bulls sharply strengthened confidence in their positions.

Слабый индекс, значительно упал. Рынок не поддерживает быков.

Weak index, significantly down. The market does not support the bulls.

Слабый индекс, значительно вырос

Key Points
Lucid Group stock sank 8% last week.
RBC Capital updated its price target on Lucid stock.
Lucid is targeting a $1.4 billion improvement in cash flows in 2026.
Extending a slide that saw it race more than 8% lower last week, Lucid Group (NASDAQ:LCID) stock is driving lower today. Investors learned of a firm's more bearish perspective on the electric car stock, and it seems to be all they need to power the stock lower.
As of 11:38 a.m, ET, Lucid shares are down 9.4%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Image source: Getty Images.
Bears are charged up about a price target dropping from $4 to $7
Maintaining a Sector Perform rating, RBC Capital lowered its price target on Lucid Group to $4 from $7 this morning. Based on Lucid's Friday close of $3.79, the new price target implies a meager 5.5% upside.
According to , the updated outlook from RBC Capital was part of broader coverage of carmakers ahead of the reporting of third-quarter financial results.
Last week, Lucid reported producing 2,954 vehicles and delivering 3,806 vehicles during the third quarter of 2026. During the same period in 2025, Lucid reported producing 3,891 vehicles and delivering 4,078 vehicles.
It's clear that buying Lucid stock now is only for those with ample tolerance for risk
When reading an analyst's price target, it's always imperative to remember that it's simply one opinion -- and opinions often vary. Switching focus from the new $4 price target to the company's fundamentals, however, doesn't do much in terms of suggesting that Lucid stock is now a buy.
The company is in the middle of what it has dubbed an "operating reset," in which management is "targeting $1.4 billion of cash flow improvements in 2026." Until the company demonstrates that this initiative has produced results, Lucid stock is one to watch from the side of the road.
Should you buy stock in Lucid Group right now?
Before you buy stock in Lucid Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks 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 $379,123!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,408,822!*
Now, it’s worth noting Stock Advisor’s total average return is 950% — a market-crushing outperformance compared to 215% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of October 12, 2026.
Scott Levine 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.

Why Lucid Group Stock Is Moving in Reverse Today

Key Points
Lucid continues to focus on the high-end luxury market with a significant vehicle purchase agreement from the Government of Saudi Arabia.
Rivian Automotive leverages a strong commercial partnership with Amazon and a major software joint venture with Volkswagen.
Which electric vehicle stock is the better choice for your growth portfolio in 2026?
The electric vehicle market has shifted from a niche segment to a major battleground where Lucid Group (NASDAQ:LCID) and Rivian Automotive (NASDAQ:RIVN) fight for dominance in the luxury and utility categories.
While both companies aim to disrupt the traditional automotive landscape, they serve different customers. Lucid focuses on ultra-luxury sedans and high-efficiency technology, whereas Rivian targets the adventure-seeking SUV market and the commercial delivery sector.
The case for Lucid
Lucid Group designs and builds luxury electric vehicles, representing a high-end niche within consumer discretionary stocks. It primarily targets the premium segment of theglobal marketwith its Air sedan and the newly launched Gravity SUV. A significant portion of its long-term strategy relies on an agreement with the Government of Saudi Arabia to purchase up to 100,000 vehicles. Customer concentration like this adds a layer of risk to the business. The company also recently partnered with Bolt to deploy self-driving platforms across major European cities.
In its latest annual report for FY 2025, revenue reached nearly $1.4 billion, which was a 67.6% increase over the prior year. Despite this growth, the company reported a net loss of approximately $2.7 billion. The net margin, which shows the percentage of revenue remaining after all costs are paid, was negative 199.3%.
As of its December 2025 balance sheet, the debt-to-equity ratio was roughly 1.2x. This metric compares total liabilities to shareholder equity, indicating how much the company uses debt to fund its assets. The current ratio, a measure of whether a company can cover its short-term debts with short-term assets, was approximately 1.3x. Free cash flow for FY 2025 was negative $3.8 billion, representing the cash remaining after a company pays for its business activities and equipment.
The case for Rivian Automotive
Rivian Automotive produces electric trucks, SUVs, and commercial delivery vans designed for both adventure and utility. Its primary commercial partner is Amazon (NASDAQ:AMZN), which maintains a large order for electric delivery vans. Rivian is also expanding its reach through a joint venture with Volkswagen (OTC:VLKPF) to develop shared vehicle software and electrical systems. While the Amazon relationship provides a stable foundation, Rivian is actively transitioning to sell its commercial fleet to other third-party customers.
In its latest annual report for FY 2025, revenue reached close to $5.4 billion, marking a growth of 8.4% from the previous fiscal year. The company reported a net loss of nearly $3.6 billion for the same period. Its net margin was approximately negative 67.7%, showing that total expenses still significantly outweigh sales.
As of its December 2025 balance sheet, the debt-to-equity ratio was nearly 1.5x. This figure illustrates the relationship between total debt and the value of shareholder equity. The current ratio was approximately 2.3x, suggesting the company has more liquid assets relative to its short-term obligations than its peer. Free cash flow for FY 2025 was negative $2.5 billion, which measures the cash left after the company pays for its ongoing business and equipment purchases.
Risk profile comparison
Lucid faces risks from substantial cash burn and a history of losses, which led to leadership changes including the appointment of CEO Silvio Napoli. The company is managing multiple class action lawsuits regarding supplier quality and delays with its Gravity SUV. Production goals depend on scaling manufacturing facilities in Arizona and Saudi Arabia while navigating supply chain volatility. These factors make the path to consistent vehicle delivery and profitability uncertain.
Rivian Automotive faces intense competition from established players like Tesla (NASDAQ:TSLA) as it scales production at its Illinois factory. The company remains in a capital-intensive growth stage and recently sought more financing to support its new R2 vehicle platform. Operational challenges are compounded by the departure of CFO Claire McDonough and the complexities of its joint venture with Volkswagen. Successful execution of these large-scale manufacturing and software projects is critical for its long-term financial stability.
Valuation comparison
Metric
Lucid
Rivian Automotive
P/S ratio
0.8x
3.2x
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Which stock would I buy in 2026?
I'd go with Rivian. Both companies are losing money and asking investors to be patient, but Rivian appears further along the path to building a commercially viable business.
Lucid builds technically impressive vehicles, with the Air and Gravity earning praise for their range and engineering. But the company is still losing money on every car it sells, diluting shareholders regularly to stay funded, and years away from the kind of production scale that would make the economics work.
Rivian has its own challenges. Although its gross profit last quarter got a boost from software subscriptions and Volkswagen payments, the company is not yet making money on the vehicles themselves, which is the milestone that matters most. That is worth understanding before buying in. But the Volkswagen partnership brings both capital and manufacturing expertise, and management has a credible roadmap toward vehicle-level profitability.
Both stocks carry real risk, and neither is a comfortable hold. But Rivian seems to have more of the pieces in place right now, and that feels like a meaningful early advantage for patient investors willing to ride out the volatility.
Should you buy stock in Lucid Group right now?
Before you buy stock in Lucid Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks 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 $383,680!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,382,954!*
Now, it’s worth noting Stock Advisor’s total average return is 937% — a market-crushing outperformance compared to 214% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 28, 2026.
Sara Appino has positions in Amazon and Tesla. The Motley Fool has positions in and recommends Amazon and Tesla. The Motley Fool has a disclosure policy.

Lucid vs. Rivian Automotive: Which Electric Vehicle Stock Is a Better Buy in 2026?

Key Points
Electric carmaker Lucid brought in a new CEO in June, 2026.
The new CEO reviewed the company's business, leading to a delay in its Cosmos SUV.
It costs a lot of money to run a car company, and Lucid has only so much cash.
Lucid (NASDAQ: LCID) is attempting to build a car company from the ground up. It is a huge task, given the massive upfront costs of starting a manufacturing business in a highly competitive and highly regulated industry. The fact that Lucid brought in a new CEO in June 2026 is not a good sign, and there are already material changes for investors to consider.
One issue that current shareholders need to think about is the impact of a delay in the development of the company's Cosmos SUV. There are business implications, but there's also the risk that Lucid will need more cash to support its business. And that could lead to dilutive stock sales. Here's what you need to know.
Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we’re only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Lucid is down
Lucid's stock rallied after its initial public offering (IPO). At the time, investors were looking for the next Tesla (NASDAQ: TSLA), thinking they could get rich by getting in early. But building a car company from the ground up is a herculean task. And one that takes a very long time. When Lucid didn't turn into an instant success, the stock started to fall. It wasn't alone; other electric car company stocks suffered the same fate.
Some of Lucid's peers have gone bankrupt. Lucid has carried on, actually producing high-end electric vehicles that have won industry accolades. But, despite that, the shares are down more than 80% over the past year and 99% from their post-IPO highs. That drop is very important to keep in mind. It is a sign of investor sentiment, but it also changes the dynamics for raising capital.
Lucid hits the reset button
Lucid's big goal has been to ramp up production. It wasn't achieving the success that Wall Street wanted as it worked toward that end. And, as a money-losing start-up, it was burning through cash at a rapid clip. That's not unusual for a start-up business in a capital-intensive industry like the automotive sector, but cash has to come from somewhere.
The company steadily issued new shares to raise cash. And when the stock was at risk of delisting due to a price below exchange requirements, the company enacted a 10-for-1 reverse stock split. This move was basically meant to maintain the company's ability to access the capital markets.
At this point, after bringing in a new CEO, Lucid is effectively trying to reset its business. Part of that process has included delaying the company's mid-size Cosmos SUV. It is far better that the company is ready to introduce a new vehicle than to introduce it too early, so this isn't a bad business decision, per se. However, it delays the company's ability to offer a lower-cost vehicle, thereby limiting its ability to broaden its customer base.
Tesla started at the high end, and then offered lower-cost models. Rivian (NASDAQ: RIVN) has done the same thing. In each case, the game plan was to sell the highest-margin vehicles early on, before hitting the mass market, expanding the number of cars being made, once these companies had solidified their production capabilities. It's a good plan, and Lucid is following a well-worn path. But delaying the move toward mass-market sales means burning through more cash.
More dilutive stock sales are highly likely
At the end of the second quarter of 2026, Lucid had roughly $750 million in cash and short-term investments. That was down from about $1.6 billion at the start of the year. Shortly after taking over, the new CEO had to address rumors that the company was considering bankruptcy or going private. He stated that Lucid had enough cash to fund its operations into 2027. That's not a particularly long time.
If the company hopes to keep going, it will eventually need access to cash, and perhaps very soon. Selling stock is a quick way to raise cash, but that would be a problem for existing shareholders. Since the stock has declined so much, each new share sold at these low levels is highly dilutive. Unfortunately, Lucid may have few other choices.
Should you buy stock in Lucid Group right now?
Before you buy stock in Lucid Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks 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 $386,781!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,379,943!*
Now, it’s worth noting Stock Advisor’s total average return is 936% — a market-crushing outperformance compared to 213% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 25, 2026.
Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.

Lucid Has Delayed the Cosmos SUV Again. Another Dilutive Raise May Be Coming.

Key Points
Launching affordable mass market vehicles is critical for an EV maker's survival.
Lucid just delayed its most promising growth initiative -- and that's a concern.
For years, I have been covering Lucid Group (NASDAQ: LCID) stock. And for years, I have been warning investors about one key issue: the company's inability to get a mid-sized affordable vehicle to market.
Tesla is the company it is today largely due to its Model 3 sedan and Model Y crossover. These two vehicles were its first vehicles priced under $50,000. This low price point attracted millions of new buyers, allowing Tesla to expand its name-brand recognition and scale its production infrastructure to generate economies of scale, and thus sustainable profits that could then be repurposed into other growth initiatives.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Fellow electric vehicle (EV) stock Rivian Automotive has followed a playbook very similar to Tesla's. The company started with two luxury-priced electric vehicles, but quickly pivoted its strategic focus to getting an affordable vehicle to market. Earlier this year, it began deliveries of its R2 SUV -- its first vehicle priced under $50,000.
Lucid, however, remained far behind its EV competitors in bringing an affordable vehicle to market. This, I argued, would prevent it from building economies of scale and mass-name-brand recognition, limiting the company's ability to grow and, ultimately, to survive.
This is especially true in today's environment, where robotaxi operators are rushing to secure low-cost vehicles to power their fleets. If an EV maker doesn't have an affordable vehicle on the market, it becomes much less attractive to robotaxi businesses looking to scale quickly and efficiently.
"While Lucid is also planning lower-cost models, its inability to do so thus far should generate some skepticism," I warned earlier this month. "Production of such a vehicle, originally slated for 2026, has already been postponed to late 2027."
The delay of the Lucid Cosmos -- its first affordable EV model -- to late 2027 is part of a larger "operating reset" designed to cut costs, free up $1.4 billion in cash flow, and put the company on a better path to profitability. The company ended last quarter with $3 billion in total liquidity. Lucid stresses that it has "sufficient liquidity runway well into 2027." Even if that's true, there's one obvious reason investors should remain skeptical about Lucid as an investment opportunity.
Lucid can't afford to delay its Cosmos SUV
While I expected Lucid to delay its mid-sized platform launch due to capital constraints, the downside of such a move has increased significantly this year. As I recently outlined, the robotaxi market should be far more lucrative in the long term than conventional auto manufacturing. Some experts believe it will be a $10 trillion global opportunity. If EV makers want to compete long term, they must find a way to sell into this market.
EV makers either need to run their own robotaxi services, as Tesla is doing, or sell to robotaxi operators that can't manufacture their own vehicles. Robotaxi operators will want to scale as quickly as possible to gain market share. That means paying less per vehicle so that they can maximize the number of robotaxi deployments.
Rivian understood this long ago and prioritized production of its R2 SUV, which is priced under $50,000. Lucid's cheapest vehicle, meanwhile, is priced around $70,000.
Put simply, Lucid is in a poor competitive position just as the robotaxi market is beginning to take off. It has an early deal with Uber Technologies. But without a mass market vehicle, the company's competitiveness will be limited. That limits its ability to scale production, achieve cost efficiencies, and, ultimately, turn a profit.
Lucid's production delay is coming at a very inopportune time -- a reality that continues to keep me on the sidelines as an investor.
Should you buy stock in Lucid Group right now?
Before you buy stock in Lucid Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks 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 $386,781!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,379,943!*
Now, it’s worth noting Stock Advisor’s total average return is 936% — a market-crushing outperformance compared to 213% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 25, 2026.
Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends Uber Technologies. The Motley Fool has a disclosure policy.
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

Lucid Delayed Its Cosmos SUV. Time to Panic?

Key Points
NIO and Lucid both trade far below their all-time highs.
But NIO’s scale, diversification, and moat make it a more compelling turnaround play.
NIO (NYSE: NIO) and Lucid (NASDAQ: LCID) are both electric vehicle (EV) makers that initially soared after their public debuts but fizzled out over the following years.
Nio, a Chinese EV maker, went public at $6.26 per ADR in 2018. Its stock closed at a record high of $62.84 on Feb. 9, 2021, but now trades at less than $4. Lucid, based in the U.S., went public by merging with a special purpose acquisition company (SPAC) on July 26, 2021. Its stock opened at a reverse split-adjusted price of $252.40 and set a record post-merger high of $577.50 less than four months later. But today, Lucid's stock trades at about $4.
Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we’re only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Both stocks look like dangerous investments in this wobbly market. But if I had to pick one as a turnaround play for the next decade, I'd pick NIO over Lucid for five simple reasons.
1. NIO produces more vehicles than Lucid
NIO produces a wide range of electric sedans and SUVs. It also produces cheaper SUVs and compact cars through its Onvo and Firefly sub-brands, respectively. It sells most of its vehicles in China, but it's been rapidly expanding into Europe.
From 2020 to 2025, NIO's annual vehicle deliveries surged from 43,728 in 2020 to 326,028 in 2025. Lucid, which launched its first sedan in 2021 and first SUV in 2024, increased its annual deliveries from 125 vehicles in 2021 to 15,841 vehicles in 2025.
2. NIO's business looks more sustainable
Lucid's year-over-year delivery growth is faster than NIO's, but it's still too early to tell whether it can achieve economies of scale and stabilize its margins.
In 2025, Lucid generated $1.35 billion in revenue but posted a net loss of $3.68 billion. NIO generated 128.3 billion yuan ($19.1 billion) in revenue with a net loss of 2.2 billion yuan ($330 million). NIO also achieved profitability on an adjusted basis (which excludes its stock-based compensation and other one-time expenses) in the first half of 2026.
3. NIO has clearer competitive advantages
NIO differentiates itself from its competitors by offering removable batteries that can be swapped at its own battery-swapping stations, as a faster alternative to conventional chargers.
It also sells a broad range of EVs across multiple price points -- its namesake brands target higher-end consumers, while its Firefly and Onvo brands target the lower-end market. Its in-house Shenji chips, which power its autonomous driving features, are also more powerful than Nvidia's comparable Orin-X chips.
Lucid's vehicles initially cost a lot more than Tesla's comparable vehicles. But after several price cuts, the base trims of its Air sedans and Gravity SUVs now cost roughly the same as Tesla's EVs. Lucid's EVs have a much longer range (about 100 miles) than Tesla's EVs, but it's still struggling to produce more vehicles and break out of its niche.
4. NIO is less dependent on big government backers
Back in 2020, Nio nearly went bankrupt before a government-backed investor group bailed it out with a $1 billion investment. But since then, Nio has proven that it can grow on its own by streamlining its spending and selling a higher mix of higher-margin vehicles.
Lucid has a similar relationship with Saudi Arabia's Public Investment Fund (PIF), which owns over 60% of its shares. But unlike NIO, Lucid hasn't proven that it can survive without that government support. Instead, it relies heavily on those investors to fund its ongoing expansion.
5. NIO's stock is cheaper
From 2025 to 2028, analysts expect NIO's revenue to grow at a 25% CAGR. They also expect it to turn profitable in 2027 and nearly quintuple its net income in 2028. Those are robust growth rates for a stock that trades at just 0.5 times this year's sales.
From 2025 to 2028, analysts expect Lucid's revenue to grow at a 73% CAGR, but it's expected to stay deeply unprofitable. It only trades at one time this year's sales, but it will struggle to command a higher valuation unless it meaningfully ramps up its production.
So while both of these EV stocks look like risky bets today, NIO clearly has a better shot at revisiting its record highs over the next decade. Lucid claims it has enough liquidity to last through 2027, but it hasn't proven its business is as sustainable as NIO's.
Should you buy stock in Nio right now?
Before you buy stock in Nio, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nio 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 $384,839!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,385,657!*
Now, it’s worth noting Stock Advisor’s total average return is 936% — a market-crushing outperformance compared to 213% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 24, 2026.
Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia and Tesla. The Motley Fool has a disclosure policy.

Prediction: NIO Is a Better Buy Than Lucid for the Next Decade

Key Points
Lucid and Bolt are teaming up in Europe to deploy 25,000 Lucid robotaxis over time.
Already, Lucid teamed up with Uber Technologies and Nuro to begin deploying 20,000 robotaxis starting this year.
The catch is that, for the Bolt partnership, Lucid has delayed the platform it intends to use.
If we're honest with ourselves, it hasn't been a great few years for Lucid (NASDAQ: LCID) investors, especially given its cratering stock price. Beyond making excellent electric vehicles (EVs), the company has been plagued by a plethora of issues, including production problems, delays, layoffs to conserve cash, and a major talent drain, just to name a few.
You don't have to go far to find bad news when it comes to Lucid, so this will be a breath of fresh air. In fact, Lucid and Bolt's announcement last week is one of the strategies Lucid is doing well with -- but there's a catch.
Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we’re only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Bolt who?
Bolt is Europe's largest shared-mobility platform, boasting over 200 million customers, 4.5 million drivers and couriers, and operations spanning 50 countries. Bolt's next goal is to put 100,000 autonomous vehicles (AVs) on its platform by 2035, and Lucid looks to play a pivotal role in this development.
Lucid and Bolt announced a partnership to fill part of that 100,000 AV target with 25,000 Lucid self-driving EVs. "Shared autonomous mobility offers the perfect opportunity to extend our unique technology beyond consumer vehicles," said Lucid CEO Silvio Napoli in the announcement.
As previously mentioned, this is one of the strategies that Lucid has done well with. Investors might recall that in July 2025, Lucid partnered with Uber Technologies and Nuro to deliver Lucid Gravity robotaxis, offering a premium option on Uber's platform. The deal calls for the three companies to deploy 20,000 Lucid Gravity robotaxis equipped with Nuro Driver beginning this year, with entry into a second city in 2027.
For Uber, it was smart because the company would benefit from multiple players in the space and fragmentation. If a company such as Alphabet's Waymo or Tesla gains a dominating AV ride-hailing market share, they're very likely to create their own ride-hailing business to cut Uber out and turn into a direct competitor. We're already seeing evidence of this from Waymo.
This is a great move for Lucid, which needs to build Gravity at production scale however it can, and it boosts commitments to Lucid AVs to 45,000 units. Better yet, while Lucid's first deal with Uber and Nuro is U.S.-based, this second AV partnership will be in Europe, a completely separate market and new companies to potentially learn from.
Here's the catch
It all sounds great, and really, this is great news for Lucid, and it should continue to push with its advanced EVs. But there is a bit of a catch: Lucid just delayed the platform that the Bolt partnership intends to use.
Late this summer, Lucid decided to delay its midsize platform and the Cosmos, which was supposed to launch before the end of 2026, pushing it back to the second half of 2027. The move came as Lucid pressed the button on an operational reset, eventually hiring AlixPartners to help conserve cash and improve operations after laying off 18% of its workforce in June.
There is another catch: Nobody has truly solved self-driving vehicles at scale. So while these announcements sound great and, in theory, provide solid demand and potential production utilization for Lucid's factory, the real orders and demand for Lucid's vehicles will all but certainly be beyond the delay of its midsize platform anyway.
Investors can likely file this under hype rather than reality at the moment, but make no mistake: This is still a bit of good news and a strategy Lucid needs to pursue. It's just that this won't bear fruit for some time, and Lucid has a lot of internal issues to resolve and a turnaround to begin before this can materially improve the company's value for investors.
Should you buy stock in Lucid Group right now?
Before you buy stock in Lucid Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks 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 $389,154!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,406,303!*
Now, it’s worth noting Stock Advisor’s total average return is 949% — a market-crushing outperformance compared to 214% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 23, 2026.
Daniel Miller has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet and Tesla. The Motley Fool recommends Uber Technologies. The Motley Fool has a disclosure policy.
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

Finally, Some Good News for Lucid -- but There's a Catch

Key Points
Lucid's stock sank initially when it announced it had hired AlixPartners, before confirming there was no bankruptcy consideration.
AlixPartners is helping Lucid develop a plan to conserve cash, improve operations, and normalize inventory.
One remaining concern for Lucid is the company's serious talent drain with executive departures.
There's no question that Lucid (NASDAQ: LCID) has disappointed investors. On one hand, the young electric vehicle (EV) maker designs and produces some of the most advanced EVs on the planet -- and, for what it's worth, they look great to boot. On the other hand, the company has consistently hit speed bumps due to supplier issues, recalls, production delays, and heavy cash burn, with little improvement in gross profitability, unlike close rival Rivian (NASDAQ: RIVN). The next year will be critical for Lucid to begin turning things around, and it starts immediately, now that AlixPartners has wrapped up its review of the company and set some targets.
What's going on?
Alarm bells may have started ringing for anxious Lucid investors about a month ago when the company hired consulting firm AlixPartners to help sharpen its turnaround efforts. In July 14 trading, Lucid's stock spiraled roughly 50% before quickly regaining losses and closing a less alarming 16% lower. AlixPartners' initial focus was to explore improving execution, strengthening operations, and conserving cash to preserve the company's ability to drive this turnaround into meaningful value for investors.
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The first thing to know is that, despite bankruptcy rumors, it seems far from the focus of Lucid and AlixPartners.
"The rumors are completely false. The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special board committee to explore the scenarios reported today," Lucid said, according to Automotive News. Further cementing this, AlixPartners did not recommend bankruptcy to management or the board of directors.
Cash is key
Since being hired a little over a month ago, the consulting firm has finalized its work with restructuring advice, and now Lucid embarks to realize $1.4 billion in cash savings this year. We're already seeing the early decisions to drive the cash savings, including the delay of Lucid Cosmos, the first model that will be built on its new midsize platform. It was originally set to drive off the production line before the end of 2026, but has now been pushed back to a scale-up during the second half of 2027. While Lucid takes plenty of heat about its many delays, this one makes a lot of sense, and rushing its next launch while still working through current issues wouldn't have been ideal for cash, customers, or Lucid.
Another area for Lucid to work on is its inventory. Having capital locked up in inventory is bad news, but so is Lucid's production utilization. During the second quarter, Lucid produced 4,774 vehicles at a factory with a capacity of 90,000 annually. As the company continues to ramp-up and optimize the efficiency of its operations, Gravity SUV production should fall slightly while deliveries rise, which will normalize its inventory throughout the year.
What it all means
One more way that Lucid has been tackling its cash burn is, unfortunately for company morale, layoffs. Lucid is no stranger to layoffs. In March 2023, it laid off 18% of its workforce to preserve capital, followed by another smaller 4% cut in May 2024. In February and June 2026, the company laid off another 12% and 18% of its workforce, respectively.
However, what's arguably more concerning is simply the talent drain facing the company. It recently replaced its former CEO and keeps losing key talent for myriad reasons. Ultimately, this is a broad reset and turnaround attempt from a young EV company facing industry headwinds as well as its own internal issues. Investors love a good turnaround story, especially when it comes with a massively sold-off stock that could rebound. Going forward, investors have to wait for a slowing of cash burn, less dilutive capital injections, a normalizing of Lucid's inventory, improving scale of the Gravity production, and a stabilization of its key executive talent. Make no mistake, Lucid has a full plate. Investors should probably watch this turnaround from the sidelines, as risk remains elevated. There are safer options to invest in until Lucid makes progress on those factors. But at least there's a plan forming.
Should you buy stock in Lucid Group right now?
Before you buy stock in Lucid Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks 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 $395,625!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,397,147!*
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*Stock Advisor returns as of September 23, 2026.
Daniel Miller 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.

Lucid Approaches a Make-or-Break Period as Preparation for Turnaround Begins

Key Points
Lucid still lacks an affordable model for consumers or robotaxi operators.
Future EV sales will rely on lowering the cost of production.
Tesla (NASDAQ: TSLA) CEO Elon Musk recently shared that the upcoming Tesla Roadster will be the last new Tesla model you can drive yourself. Afterward, Tesla's newer models will be designed for completely autonomous driving.
Robotaxis are now expected to reach scale in large metro markets by 2030. "Overall, experts expect that robo-taxis will be the first commercial application for L4 in mobility -- not privately owned cars," concludes McKinsey & Co.
Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we’re only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Selling EVs in the future requires not only attracting consumers but also enticing robotaxi operators to buy your vehicles en masse to power their robotaxi fleets. On this front, Lucid Group (NASDAQ: LCID) is at a particular disadvantage versus the competition.
This is why I'm avoiding Lucid Group stock
According to some experts, robotaxis could become a $10 trillion global market. Robotaxi operators like Tesla can manufacture their own vehicles, reducing cost and improving their ability to scale quickly. Robotaxi peers such as Uber Technologies, however, lack internal manufacturing capacities. They will need to source vehicles from third parties to power their autonomous vehicle networks.
Similar to Tesla, these robotaxi operators will want to keep costs as low as possible to scale as quickly as possible. That requires suppliers of robotaxi vehicles to build economies of scale and lower their own production costs in order to provide these vehicles to robotaxi operators at attractive prices.
Tesla, of course, can already produce vehicles for itself cheaply. Rivian, meanwhile, recently launched its first model priced under $50,000. Lucid, however, still lacks an affordable model. And its production capacities severely lag those of Tesla and Rivian, reducing the company's ability to hit economies of scale.
Lucid's lack of scale and affordable models hasn't stopped robotaxi operators, including Uber, from signing deals with the company. But when it comes to becoming a critical supplier to the robotaxi industry, an EV stock like Rivian is far ahead of Lucid. This alone is enough to prevent me from investing, even though several Wall Street analysts remain bullish on the company's future.
Should you buy stock in Lucid Group right now?
Before you buy stock in Lucid Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks 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 $395,625!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,397,147!*
Now, it’s worth noting Stock Advisor’s total average return is 951% — a market-crushing outperformance compared to 214% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 22, 2026.
Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends Uber Technologies. The Motley Fool has a disclosure policy.
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

Wall Street Loves This EV Stock. Here's Why I'm Not Buying.

Key Points
It's expanding its partnership with Bolt, and in a meaningful way.
If successful, the partnership will see 100,000 Lucid vehicles deployed in Europe and the Middle East.
Before market open on Monday, an analyst published an update on Lucid Group (NASDAQ: LCID), in which he left his neutral recommendation on the stock unchanged. However, the research note referenced a recent, potentially very lucrative deal signed by an electric vehicle (EV) maker. This clearly reminded investors of the company's solid potential, and they traded the shares up by more than 5%.
A neutral stance that accentuated the positive
The prognosticator behind that move was Cantor Fitzgerald's Andres Sheppard, who updated his Lucid take after the company announced that deal. The news wasn't enough for Sheppard to change his view or price target on Lucid stock; in addition to maintaining that neutral rating, he also kept his $8 per share price target intact.
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The analyst devoted significant space in his new analysis to the arrangement Lucid announced with Bolt last week, according to reports. On Thursday, it revealed that it and the Europe-based rideshare company were expanding their partnership. This will take the form of a 25,000-vehicle deployment of autonomous vehicles to be manufactured by Lucid.
The self-driving cars will be deployed to strategic markets in both Europe and the Middle East. Ultimately, the two companies' goal is to have 100,000 of these EVs in the two regions by 2035.
Profit takers
At the end of last week, Lucid's shares took something of a "sell the news" hit by profit-taking investors. Sheppard's note, while not overly bullish, was a helpful callback of this large-scale deal, which could provide a robust, long-term revenue stream for Lucid if both it and Bolt execute well.
I understand investor optimism about this arrangement, although it might be overly ambitious given that we're still not particularly close to achieving widespread, fully autonomous vehicle operation.
Should you buy stock in Lucid Group right now?
Before you buy stock in Lucid Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks 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 $387,158!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,365,749!*
Now, it’s worth noting Stock Advisor’s total average return is 932% — a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 21, 2026.
Eric Volkman 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.
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

Why Lucid Group Stock Motored Over 5% Higher Today

Key Points
Lucid stock soared yesterday on news a European rideshare company may buy 100,000 Lucid EVs.
The question is: Does the buyer have the cash to fulfill its side of the deal?
Here's what we know about Estonian company Bolt.
Lucid Group (NASDAQ: LCID) stock leapt ahead nearly 6% yesterday after announcing plans to team up with Estonian rideshare company Bolt. Bolt plans to deploy 25,000 autonomous Lucid EVs throughout Europe and the Middle East (with no specific target date for completion), and then grow that number to 100,000 EVs by 2035.
Now that investors are starting to dig into the details of the plan, however, doubts are emerging -- and Lucid stock is giving back part of its gains, down 3.6% through 1:45 p.m. ET.
Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we’re only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Something doesn't add up
If you're based in America, you've probably never heard of Bolt before, so let me tell you a little about it.
According to tradewithestonia.com, Bolt was founded in 2013 and reported its first-ever annual profit in fiscal 2025. Bolt grew its revenue 14% to about $3 billion last year, and earned just over $1 million on those sales. Operating cash flow for the year was $88.4 million.
That's the good news; now here's the bad.
A base model Lucid Air EV costs about $71,000. (Higher trims cost up to $249,000.) Adding autonomous driving technology would presumably drive up the cost even on the base model, although it's unclear exactly by how much -- but let's assume it's free!
To purchase 25,000 Lucid Air Pure EVs, Bolt must raise just under $1.78 billion. (That's equivalent to 20 years' worth of Bolt's operating cash flow currently.) Purchasing 100,000 Lucids would cost four times as much -- about $7.1 billion in cash, or 80 years' worth of cash flow.
Why investors are selling Lucid stock today
In a nutshell, this is why investors are selling Lucid stock today. Bolt is profitable, and it has some cash -- and that's great. The question is whether it will have enough cash to buy all the Lucid EVs it's promised to.
And that's a very big question indeed.
Should you buy stock in Lucid Group right now?
Before you buy stock in Lucid Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks 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 $406,141!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,347,745!*
Now, it’s worth noting Stock Advisor’s total average return is 940% — a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 18, 2026.
Rich Smith 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.
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

Indicator	Feb 26	Mar 26	Jun 26	Jul 26	Oct 26	TTM	Median
P/E	0.00	0.00	0.00	0.00	—	0.00	17.39
Price/Sales	2.73	2.14	1.43	—	—	1.43	0.66
P/B	1.80	953.00	669.00	0.00	—	0.00	1.68
P/FCF	—	0.00	0.00	—	0.00	0.00	12.74

Indicator	Feb 26	Mar 26	Jun 26	Jul 26	Oct 26	TTM	Median
ROE	—	0.00	0.00	—	—	0.00	15.36
ROA	—	0.00	0.00	—	—	0.00	4.97
ROI	—	0.00	0.00	—	—	0.00	8.47
Net Worth	—	3.13	2.56	—	—	2.56	0.82
Quick Ratio	—	0.48	0.57	—	—	0.57	0.85
Current Ratio	—	1.02	1.14	—	—	1.14	1.38

Indicator	Feb 26	Jul 26	Oct 26	Median
Net Profit Margin	—	—	—	5.79
Operating Margin	—	—	—	8.36
Gross Margin	—	—	—	39.57
Return on tangible equity	—	—	—	22.12

Indicator	Feb 26	Mar 26	Jun 26	Jul 26	Oct 26	TTM	Median
EPS	-3.62	—	—	—	—	-3.62	0.52
EPS Forecast	-2.49	—	—	—	—	-2.49	0.51
Revenue	—	282.00M	405.00M	—	—	405.00M	193.00M
Gross Profit	—	—	—	—	—	-270.00M	—
EBITDA	—	—	—	—	—	-691.00M	—

Lucid Group, Inc.

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