Lucid (LCID): analysis in plain words
Is Lucid cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Lucid (LCID) is listed on the Nasdaq and we classify it in automotive. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Lucid according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Lucid (LCID) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $3.37 | Last price on November 4, 2026 |
| P/E ratio (TTM) | N/A | Price over earnings per share |
| Revenue growth | +56.2% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | -249.2% | Profit for every 100 of sales |
| Net debt / EBITDA | N/A | Years of operating profit to repay debt |
| Dividend yield | 0.00% | Annual dividend over price |
| Market cap | $1.3 billion | What the stock market values it at |
The Lucid figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any LCID figure that is not available shows as N/A: we do not estimate it.
How Lucid makes money
Lucid Group designs and builds luxury electric vehicles, the Lucid Air sedan and the Gravity SUV, at its Arizona plant and a facility in Saudi Arabia. It makes money selling them directly to customers, mostly in the United States, and its largest shareholder is Saudi Arabia's sovereign wealth fund, PIF.
Over the last 12 months, Lucid brought in revenue of $1.5 billion. Its operating margin, what Lucid keeps from every 100 of sales after running costs, is -261.0%. With 9,000 full-time employees, that is about $172,000 of revenue per employee.
Lucid against its sector
To know whether a Lucid figure is high or low you have to put it next to similar companies. This table compares Lucid with the median of the 5 automotive companies Fintols covers, with data as of November 4, 2026.
| Figure | Lucid | automotive median |
|---|---|---|
| Revenue growth | +56.2% | +1.1% (11) |
| Net margin | -249.2% | 0.5% (11) |
| Dividend yield | 0.00% | 0.82% (11) |
In short, against the typical automotive company, Lucid grows faster, earns a thinner margin and pays a lower dividend yield. By size, Lucid ranks number 6 of 6 automotive companies quoted in USD on Fintols.
The bull case for Lucid
What works in favour of Lucid, according to its figures as of November 4, 2026:
- Lucid grew sales +56.2% in its latest quarter against the same quarter a year earlier, while the median automotive company Fintols tracks grew +1.1%.
The main risk for Lucid
Lucid is losing money: its net margin over the last 12 months is -249.2%, so it spends more than it brings in. Until it turns a profit it relies on its cash or on raising money.
On top of that: lucid stock sits 81% below its 52-week high ($18.10): the market has cut its expectations, and it is worth understanding why first.
And, like the rest of automotive, Lucid is exposed to the electric-car price war, tariffs and how cyclical car sales are.
Frequently asked questions about Lucid
Is it a good time to buy Lucid stock?
Fintols does not tell you whether to buy or sell Lucid, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Lucid stock trades at $3.37, 81% below its 52-week high ($18.10) and 42% above its low ($2.37). With Lucid, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Lucid pay a dividend?
No. As of November 4, 2026, Lucid does not pay a dividend: what it earns stays in the company to grow, invest or, where it does so, buy back shares. Anyone buying Lucid today is counting on the share price rising, not on income.
Is Lucid stock expensive?
Lucid has no meaningful P/E as of November 4, 2026 because its last 12 months of earnings are negative or close to zero, so that yardstick cannot tell you whether it is expensive. A high P/E alone does not make Lucid expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Lucid's competitors?
On Fintols we compare Lucid with NIO, Stellantis and BMW, which are also in automotive. As of November 4, 2026, NIO is worth $8.3 billion; Stellantis is worth €12.1 billion; BMW is worth €36.5 billion and trades on a P/E of 5.9. Each has a side-by-side comparison with Lucid below.
Lucid competitors
- NIO (NIO) analysis · Lucid vs NIO comparison
- Stellantis (STLAM.MI) analysis · Lucid vs Stellantis comparison
- BMW (BMW.DE) analysis · Lucid vs BMW comparison
To understand Lucid better
- How to Read a Balance Sheet: A Beginner's Guide
- 7 Common Beginner Investing Mistakes (and How to Avoid Them)
More companies like Lucid: automotive stocks. Open the full LCID analysis with its valuation and scenarios. Educational content about Lucid, not investment advice.