Skip to content

How to Buy Lucid Motors Stock | Invest in LCID

How to Buy Lucid Motors Stock (LCID)? Step-by-Step Guide
Diana Paluteder

Electric vehicles (EVs) have been all the rage for quite some time, and with gas prices on the rise, their popularity shows no signs of waning. And while Tesla has dominated the luxury electric car market, a fresh challenger has emerged to capture investors’ attention: Lucid Motors. So if you too want to be part of this growth, read on as we analyze the most important facts about the EV manufacturer, explain how to buy Lucid Motors stock, and provide an overview of the most reliable brokers to use. 

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

What is Lucid Motors?

Lucid Motors, i.e., Lucid Group, Inc. (NASDAQ: LCID), is an American electric vehicle company focused on creating sustainable transportation solutions with an emphasis on luxury and high performance, headquartered in Newark, California.
How to Buy Lucid Motors Stock | Invest in LCID: Lucid Motors’ homepage.
Lucid Motors’ homepage. Source: Lucidmotors.com

The company was founded in 2007 under the name Atieva and initially focused on developing electric vehicle batteries and powertrains for other car manufacturers. However, in 2016, the company rebranded, changing its name to Lucid Motors, and officially announced its plan to develop all-electric, high-performance luxury vehicles.

Lucid’s first electric car, the Lucid Air, is a luxury sedan that boasts a range of over 500 miles on a single charge, making it a formidable competitor in the electric vehicle market. In fact, as demonstrated by the chart below, the Air Dream R AWD model is estimated to have the highest range among all-electric vehicles with 520 miles (followed by Air G Touring AWD with 516 miles), surpassing Tesla (NASDAQ: TSLA) by more than 100 miles. Lucid Air was also the 2022 MotorTrend car of the year. 

Electric vehicles with Lucid Motors as the highest estimated range in miles. Source: Statista.com
Electric vehicles with the highest estimated range in miles. Source: Statista.com

What is EV range?

Range refers to the distance that an electric vehicle can travel on a single charge, as estimated by the US Environmental Protection Agency (EPA). 

Furthermore, with investments expected to total $700 million by 2025 in its US assembly plant, Lucid has made significant strides toward demonstrating its commitment to developing and producing high-quality electric vehicles. Notably, it now sits as the seventh automaker to boost its investments in this area, reflecting a growing trend toward sustainable transportation solutions.

How to Buy Lucid Motors Stock: EV investment chart.
Electric vehicle capacity investment in United States assembly plants by 2025, by brand. Source: Statista.com

Lucid IPO

Lucid Motors IPO took place on July 26, 2021, when the company went public through a merger with a special purpose acquisition company (SPAC) called Churchill Capital Corp IV (CCIV), raising $4.5 billion and valuing the company at $24 billion. The Lucid IPO price was around $25 per share, and the company was the stock market star when it went public, quickly doubling in price.

Lucid’s stock symbol is LCID, and it trades on the NASDAQ exchange. You can acquire Lucid stock via multiple brokers, which we will overview later in this guide.

What is a SPAC?

A SPAC is a shell company created with the sole purpose of raising capital through an initial public offering (IPO) to acquire or merge with another business. 

How to buy Lucid Motors stock? Step-by-step process

As a publicly-traded company, Lucid stock can be purchased through a regular retail broker. The following section will provide a detailed summary of the steps involved in how and where to buy Lucid shares.

Step 1: Choose a broker

To buy Lucid stock online, you’ll need a brokerage account. Your ideal platform should align with your investment style (long-term buy-and-hold strategy or active day trading) and needs (e.g., whether you want to trade more advanced financial products like options).

Where can I buy Lucid Motors stock?

Thanks to the abundance of online brokers, access to the stock market has never been more convenient and affordable. However, choosing the right broker tailored to your specific needs, including investing goals, educational resources, and trading style, is crucial for a seamless trading experience.

To securely invest in Lucid Motors and buy LCID stock, consider these brokers:

1. eToro

  • Commission-free stock trading; 
  • 2,000+ stocks from 17 exchanges;
  • Fractional shares available;
  • User-friendly platform.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

2. Interactive Brokers (IBKR)

  • Commission-free stock trading;
  • Global stock-trading on 90+ market centers;
  • Fractional shares available;
  • Extra income on fully paid shares;
  • Lowest financing rates for margin accounts in the industry;
  • No account minimum. 

Best Platform for Worldwide Stock Trading & Investing

  • Highly trusted multi-asset broker with clients in over 200 countries

  • Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)

  • Low commissions starting at $0 with no platform fees or account minimums

  • Easily fund your account and trade assets in 26 currencies

  • IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

How to choose an online broker?

Here are some key features to consider when evaluating brokers: 

  • Fees: Brokerage fees are a type of fee collected by brokers to execute your transactions or provide specialized services. Fortunately, today, the vast majority of online brokers offer commission-free stock and exchange-traded funds (ETF) trading;
  • Security: Choose a trustworthy broker by ensuring it is fully licensed by state regulatory authorities as well as FINRA and registered with the Securities and Exchange Commission (SEC);
  • Trading tools: Active traders may prefer brokerage accounts with all the bells and whistles. Some brokers offer fully customizable platforms with comprehensive analysis tools or access to additional data for an extra cost. If such additions are unnecessary for your purposes, avoid paying extra for them. It’s typically a good idea to look for a user-friendly platform with a competitive fee structure if you are new to stock trading. A dedicated section with investing tips and tricks is a bonus;
  • Access to market data: Look for a platform that offers solid market research and reporting tools to help you trade confidently with updated data;
  • Fractional stock trading: Fractional shares enable investors to buy stocks or ETFs by the dollar amount, which is particularly valuable for investors with limited capital and the desire to build a diversified portfolio or investors looking to set up a dollar-cost averaging (DCA) strategy. 

Step 2: Fund your account

Once you have decided on a broker, it’s time to fund your account. Remember, it can sometimes take up to three days for the money to reach your account.

Step 3: Research the company 

The best place to start researching a company is to go through its public filings with the SEC. Fortunately, as a publicly traded company, Lucid’s quarterly (form 10-Q) and annual (form 10-K) earning reports, SEC filings, shareholder presentations, as well as recent press releases can be accessed directly from their investor relations section. 

Within those reports, you can find details on Lucid’s financial performance and strategies for the future, as well as information about challenges facing the company or industry as a whole, such as charging infrastructure, battery, and semiconductor shortages, or regulatory hurdles.

Important

If you’re new to investing or prefer to play it safe, you might want to steer clear of a young company like Lucid. But if you believe in the company’s vision and are willing to ride out the inevitable rollercoaster ride that comes with backing a start-up, then getting in on the ground floor could be just the thing for you.

Step 4: Decide how much you want to invest

So you’ve settled on Lucid stock, but now comes the big question: how much will you invest? 

The amount you put in will depend on a few factors, such as the current stock price and how many shares you want to buy. If the stock price is too steep for your liking, don’t worry, you can always check out fractional shares. With fractional shares, you can buy a slice of a share for a dollar amount that suits your budget.

However, investors should remember that investing is inherently uncertain, and the outcomes are never guaranteed. That’s why it’s crucial to only invest what you can afford to lose and carefully consider how much risk you’re willing to take on. Keep those things in mind, and you’ll set yourself up for success!

Step 5: Place your order and buy Lucid Motors stock

Once you settle on the number of shares or the dollar amount you’d like to invest in Lucid, you can place your order. If you’re working with an advisor, tell them you’d like to buy Lucid stock, and they’ll take care of it. Alternatively, if you have a brokerage account, simply log in and enter the ticker LCID in the search bar. 

There are a few different execution options to choose from, including:

  • Market order: A market order is an order to buy the stock at the current market price that is generally executed immediately (subject to availability);
  • Limit order: A limit order is processed once the stock reaches your specified price. For example, imagine you want to buy LCID stock at $10 or lower. You would then set the limit price at $10, and the order will only execute when the stock reaches the set price or lower.

More experienced traders might also consider trading options contracts as a strategy to harness the power of leverage. These derivative instruments allow you to speculate on the future price movements of an underlying asset without having to purchase the asset itself. However, it’s essential to note that options are traded on margin accounts, which often have higher minimum balance requirements and come with increased risk compared to standard brokerage accounts.

Invest in LCID with index funds

Investing all your money in a single company is a surefire way to take on a lot of risk. Indeed, if the company’s performance tanks, or worse, the company goes bankrupt, you could lose a significant chunk of your investment. A better strategy, therefore, would be to invest in ETFs that provide a diversified portfolio of hundreds of stocks, enabling you to spread your investment and minimize your overall risk. Fortunately, numerous ETF options are available for those interested in investing in Lucid Motors, including funds that focus on clean energy, auto manufacturing, and the overall stock market. There are over 100 ETFs that have exposure to Lucid Motors, some of the most popular ones include Invesco QQQ Trust (QQQ), ALPS Clean Energy ETF (ACES), First Trust NASDAQ Clean Edge Green Energy Index ETF (QCLN), and Vanguard Total Stock Market ETF (VTI).

Step 6: Monitor your investment

While a hands-off approach may work for a diversified portfolio of ETFs, for single stocks like Lucid, investors should continue monitoring the company’s performance by keeping a close watch on press releases, company health indicators such as debt and revenue, industry performance, consumer trends as well as overall market conditions. Then, depending on your financial goals, use that knowledge to reassess whether it’s best to hold onto the stock or sell it. 

Track the performance of key EV market players

It can also be helpful to track competitors’ performance in the EV space for comparisons, such as Tesla (NASDAQ: TSLA) and Rivian (NASDAQ: RIVN). 

Lucid stock price 

Is Lucid stock a buy, sell or hold?

Besides looking at the Lucid stock fundamentals, you can use technical analysis to evaluate the company and identify trading opportunities in price trends and patterns seen on charts. 

This gauge displays a real-time technical analysis overview for your specified timeframe. It can be a valuable technical analysis tool for many traders by simplifying trading decisions by demonstrating the real-time recommendations of popular technical indicators such as moving averages and oscillators.  

Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.

How to sell Lucid Motors stock?

You can sell Lucid stock if you see the company performing differently than expected or after reaching your desired financial goal.

If you’re working with an advisor, they can create a sale order for you. However, if you have your own broker account, simply log on, navigate to the stock’s detail page, input the number of shares or dollar amount you want to offload, and tap sell.

Pros and cons of buying Lucid Motors stock

Before you buy Lucid stock, take into account both the pros and cons of Lucid’s business:

Pros

Pros

  • A growing EV market: As the world moves towards more sustainable options, the auto industry will also experience a significant shift towards electric. For example, according to Fortune Business Insights, the global EV market is expected to grow from $287.4 billion in 2021 to $1.3 trillion by 2028 at a compound annual growth rate (CAGR) of 24.3%;
  • Growing the business: Handsome investments in its US assembly plant demonstrates the company’s commitment to its mission and growth potential; 
  • Undervalued: The stock price may be undervalued at this point, providing a potential opportunity for investors to buy in at a lower price.
Cons

Cons

  • Macroeconomic headwinds: Investors have been driven away from growth stocks towards value stocks due to the impact of factors such as high inflation, aggressive interest rate hikes, and the ongoing war in Ukraine;
  • Not profitable: The company is not yet profitable, which may be a concern for investors seeking steady returns;
  • No dividends: Lucid Motors does not pay dividends to its stockholders;
  • Fierce competition: The EV market is highly competitive, with many established players and new entrants;
  • The stock has plummeted since IPO: The shares of Lucid have lost much of their value from their IPO price amid severe cost pressures and repeated production delays;
  • Expensive product: The starting price for the 2023 Lucid Air is $87,400, out of reach for most consumers. 

Important

If you want to buy Lucid stock, we recommend you always do your research. Before making trading decisions, examine the latest news, technical and fundamental analysis, and expert sentiment.

In conclusion 

All in all, while the long-term potential of Lucid Motors is obvious, the stock comes with substantial risk today. In fact, not only is the competition in the EV market at an all-time high, but the company is also unprofitable.

So, as always, remember to conduct your own independent research and have robust risk management strategies in place before diving into the market. Ultimately, the goal of investing is to make money over the long term, so rather than getting caught up in the stock market’s short-term ups and downs, investors should focus on a company’s prospects a decade down the line.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

FAQs about Lucid Motors

How to buy Lucid Motors stock online?

Lucid Motors is a publicly traded company, and its stock is available on the NASDAQ exchange under the stock symbol LCID, which means you can buy shares of Lucid Motors through your brokerage account. 

Where to buy Lucid Motors stock?

You can buy Lucid Motors stock from various online brokers such as eToro and Interactive Brokers (IBKR).

Is Lucid a good stock to buy?

Whether Lucid is a good stock to buy should be based on your risk tolerance, portfolio size, financial goals, and market experience. So always conduct your due diligence before trading. Also, note that past performance doesn’t guarantee future returns. 

What will Lucid stock be worth in 5 years?

The value of Lucid stock in 5 years will depend on a myriad of factors, including market conditions, company performance, technological progress, and the competitive landscape in the electric vehicle sector. 

Why is Lucid stock down?

Lucid Motors has been struggling to scale production, leading to fewer orders and quickly depleting cash reserves, all amid intensifying competition in the electric vehicle market.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related guides

Contents

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.