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Lucid Motors LCID

Lucid Motors scores weak on business quality (3.9 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$3.79Oct 9, 2026
Business qualityWeak
Next earningsNov 3, 2026, after the close
Insiders, 90 daysQuiet

Why it matters

  1. What Lucid Motors does

    Lucid designs and manufactures luxury electric vehicles, selling directly to affluent consumers through its studio network and online platform.

  2. What it does best

    Lucid builds exceptionally efficient electric powertrains, delivering range advantages that legacy automakers struggle to match. Its technology leadership is visible in top-decile revenue growth of 67.6%, though heavy capital intensity keeps its gross margin at negative 93.7%.

  3. The main risk

    Regulatory pressure and quality control risks threaten operations, highlighted by a major NHTSA recall that weighs heavily on investor sentiment and pushes delivery timelines off track.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margin sits at negative 256%, meaning every dollar of revenue deepens operational losses as high production costs outpace vehicle pricing.

MoatWeak

The company holds valuable proprietary EV powertrain IP, but a negative gross margin and bottom-quartile sector rank show it lacks a durable commercial moat today.

GrowthFast

Revenue reached $1.5B, driven by accelerating deliveries that push top-line growth to the top decile of its sector.

Financial healthWeak

With total debt of $2.9B and negative free cash flow of $5.1B, cash burn remains extreme and requires ongoing external funding to stay solvent.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

No open market buys or unplanned sales by executives or directors.

Our sealed record on LCID

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is LCID a good business?

Lucid Motors scores weak on the Cluenex quality check (3.9 of 10), measured against its own industry. Profitability is weak, moat weak, growth fast and financial health weak.

Are insiders buying LCID?

In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.

When does LCID report earnings?

Nov 3, 2026, after the close.

For members

See LCID today

  • Today's verdict on LCID, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Lucid Motors (LCID)”, https://cluenex.com/stocks/lcid/, data as of Oct 10, 2026.