LCID
Lucid Group, Inc.Evidence as of 2026-09-17The desk's Snapshot
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Overview · Lucid Group, Inc.
Lucid Group, Inc. a technology and automotive company, engages in electric vehicle technologies business. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems. Lucid Group, Inc. was founded in 2007 and is headquartered in Newark, California. Lucid Group, Inc. operates as a subsidiary of Ayar Third Investment Company.
Management team
- Mr. Matthew Everitt · General Counsel & SecretaryFind on LinkedIn
- Mr. Michael Bell · Senior Vice President of DigitalFind on LinkedIn
- Mr. Eric Bach · Senior VP of Product & Chief EngineerFind on LinkedIn
- Mr. Marc Winterhoff · Chief Operating OfficerFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.9 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The desk rates the evidence balance as Cautious with a score of -0.9 and high confidence. Revenue rose from $ 282,465,000 in Q1 2026 (fiscal quarter ended 2026-04-29) to $ 405,347,000 in Q2 2026 (fiscal quarter ended 2026-07-29), a quarter-over-quarter increase of $ 122,882,000 (≈ 43.5%). At the same time, cost of revenue exceeded sales in both quarters, producing gross losses of $ 311,705,000 in Q1 2026 and $ 426,725,000 in Q2 2026 (roughly - 110% and - 105% of revenue, respectively).
Operating loss widened from $ (989,485,000) in Q1 2026 to $ (1,082,168,000) in Q2 2026 while net loss narrowed from $ (1,185,659,000) to $ (1,034,851,000), with diluted EPS improving from $ (3.46) to $ (3.30). Shares outstanding grew materially from 324,168,457 as of 2025-10-30 to 394,070,176 as of 2026-07-29, and long-term debt increased by about $ 499,712,000 to $ 2,546,556,000 as of 2026-06-30. Stockholders’ equity moved from $ 717,287,000 at 2025-12-31 to negative $ 1,057,963,000 as of 2026-06-30. The filings also flag supplier concentration, expanded international risks (including AMP-2 construction in Saudi Arabia), controlled-company governance exemptions, and an explicit expectation in the 10-Q/8-K that the company expects to require additional financing.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenue was $282,465,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) and $405,347,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo), an increase of $122,882,000 (≈43.5%) quarter-over-quarter.
XBRL companyfacts · 0001628280-26-030517Cost of revenue was $594,170,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) and $832,072,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo); both quarters show cost of revenue exceeding sales (gross loss), with gross loss of $311,705,000 in Q1 2026 and $426,725,000 in Q2 2026, which is roughly -110% and -105% of revenue respectively.
XBRL companyfacts · 0001628280-26-030517Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The 10-K filed 24 February 2026 added or materially reworded risk factors highlighting dependence on suppliers, stating the company is "dependent on our suppliers, the majority of which are single-source suppliers," and that inability of those suppliers to deliver necessary components could have a material adverse effect.
10-K filed 2026-02-24The 10-K filed 24 February 2026 added or materially reworded risk factors calling out expanded international risks, stating that the company "faces risks associated with international operations, including possible unfavorable regulatory, political, tax and labor conditions," and noting construction of AMP-2 in Saudi Arabia as part of international expansion.
10-K filed 2026-02-24Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
As of 2026-09-16, 3-month momentum is -19.5% and 6-month momentum is -60.9%, with 12-month momentum (12_1) at -72.4%.
Moneyta signal set · 2026-09-16weakened in debatePrice is 31.5% below its 50-day simple moving average and 50.6% below its 200-day simple moving average, and the golden cross flag is false as of 2026-09-16.
Moneyta signal set · 2026-09-16Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional 13F-reported holdings total $2.42B as of the 2026-06-30 reporting period, with the largest reported holder PUBLIC INVESTMENT FUND at $1.18B.
13F holdings · 396 filers · as of 2026-06-30Major passive ETFs show very small membership weights: VB at 0.06% of the fund and VTI at 0.01% of the fund (other listed ETFs show 0.0%), as of the timestamps in the etf membership data.
ETF constituents · market dataReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Multiple outlets ran a headline noting Lucid’s share price decline on 16 September 2026, describing the stock as having 'registered a bigger fall than the market.'
News · zacks.com · 2026-09-16A finance site carried the same price-movement headline on 16 September 2026 and reported the latest close and one-day percent move for Lucid.
News · finance.yahoo.com · 2026-09-16Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
DE BOCK ALEXANDER, listed as Chief Financial Officer, reported an acquisition (code A) of 501,622 shares with reported value "$0" on 2026-08-05.
Form 4 · DE BOCK ALEXANDER (Chief Financial Officer) · $0 code A · 2026-08-05Winitzer Ori, a director, reported a sale of 1,000 shares for "$6k" on 2026-06-01 under a stated 10b5-1 plan.
Form 4 · Winitzer Ori (Director) · $6k sold · 2026-06-01Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
Market capitalization implied by the price $4.04 and shares outstanding is $1,592,043,511 as of price date 2026-09-16.
Valuation inputs · SEC XBRL + stored EOD closeEnterprise value calculated from the filings is $3,405,998,511 using cash of $732,601,000 (as of 2026-06-30) and long-term debt of $2,546,556,000 (as of 2026-06-30).
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-specific signals in the record support a favorable read: sequential revenue increased ~43.5% quarter-over-quarter (fundamentals-0) while net loss narrowed and diluted EPS improved (fundamentals-3), indicating improving operating leverage on the top line. Contractual demand visibility from the disclosed Saudi EV Purchase Agreement (filings-4) and reported operational expansion into France (news-5) provide concrete, company-specific demand and market-entry evidence rather than market-noise. Insider reported acquisition by the CFO (insider-0) and a material institutional stake held by the Public Investment Fund (ownership-0) strengthen the signal that informed stakeholders are incrementally aligned with the company. Evidence strength: revenue and net-loss improvements are high-strength (SEC-filed quarter results), the Saudi purchase agreement is high-strength (10-K disclosure), insider acquisition and institutional 13F holdings are medium-high strength (SEC filings/reporting), and the France expansion and coverage of production/execution are medium strength (press coverage).
Chair's verdict, claim by claim
Fragility · computed, not argued
diversified0.28
40 surviving claims rest on 22 distinct sources; the heaviest analyst carries 18% of them, and 99% of what the desk raised survived the debate.
The evidence set draws from a modestly broad set of sources, which provides some cross-checking, but a meaningful share of surviving claims trace to a single analyst thread — so the read is informative but not robustly independent. Also, almost everything raised in desk debate survived, which implies limited internal stress-testing; treat these conclusions as useful signals that warrant further corroboration rather than definitive facts.
Peer context · computed, not argued
12-1 momentum ranks 8th of 8 in Auto Manufacturers (as of 2026-09-16).
6-month relative strength ranks 8th of 8 in Auto Manufacturers (as of 2026-09-16).
90-day volatility ranks 1st of 8 in Auto Manufacturers (as of 2026-09-16).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
8 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer−0.6 to the score
13 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.6 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−1.6 to the score
3 holdings records· 2 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
15 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot−0.6 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on LCID Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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