Lucid Group Inc. (NASDAQ: LCID)

Q: What is Lucid Group Inc.'s revenue?

Lucid Group Inc. has annual revenue of approximately $0.6 billion.

Q: How many employees does Lucid Group Inc. have?

Lucid Group Inc. employs approximately 7,000 people.

Auto Manufacturers · Newark, CA, United States · Founded 2007

$7.0B

Market Cap

$0.6B

Revenue

7,000

Employees

$-2.7B

Net Income

📊 Key Statistics for Lucid Group Inc. (LCID)

Market capitalization: $7.0 billion
Annual revenue: $0.6 billion
Net income: $-2.7 billion
Employees: 7,000
Sector: Consumer Cyclical
Headquarters: Newark, United States
Founded: 2007

Source: Statvoo company profile for Lucid Group Inc.. Browse all 500+ companies

📋 About Lucid Group Inc.

Lucid Motors builds ultra-luxury electric sedans and SUVs, positioning itself above Tesla in the premium EV segment. The Lucid Air sedan holds the record for longest-range EV (over 500 miles EPA) and won MotorTrend Car of the Year in 2022. Saudi Arabia's Public Investment Fund owns over 60% of the company.

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💰 How Lucid Group Inc. Makes Money

Design and manufacture premium EVs ($70,000-$250,000 range) at a factory in Casa Grande, Arizona. The company also licenses its powertrain technology to other manufacturers. Revenue is minimal relative to the investment — Lucid delivered only ~8,000 vehicles in 2023 while burning billions.

📜 Key Milestones

Founded in 2007 as Atieva (originally focused on EV batteries), the company pivoted to full vehicles and rebranded as Lucid Motors in 2016. Saudi Arabia's PIF invested $1 billion in 2018 and has continued funding the company through multiple capital raises. Lucid went public via SPAC in 2021 at a $24 billion valuation.

📊 Financial Overview

Market Capitalization	$7.0B
Annual Revenue	$0.6B
Net Income	$-2.7B
Profit Margin	-450%
Revenue per Employee	$85714K
Stock Exchange	NASDAQ
Ticker Symbol	LCID

Financial data is approximate and based on most recent annual filings.

💡 Did You Know?

The Lucid Air's 500+ mile range comes from industry-leading powertrain efficiency — the motor is small enough to fit in a carry-on bag yet produces 670 horsepower. The company is building a factory in Saudi Arabia as part of the kingdom's Vision 2030 diversification plan.

📝 Analyst Take

Lucid builds the most technologically impressive EV on the market — the engineering is genuinely best-in-class. The problem is demand at luxury price points is limited, production costs are astronomical, and the company survives only because Saudi Arabia keeps writing checks. Without PIF backing, Lucid would be bankrupt.

❓ Frequently Asked Questions