HIGHOutside partySupplier
single-source suppliers
“10-K Item 1A: 'We are dependent on our suppliers, the majority of which are single-source suppliers, and the inability of these suppliers to deliver necessary components of our products'”
LCID · Concentration risk · 10-K extracted
Lucid Group (LCID) concentration risks
Updated
The most significant concentration Lucid Group discloses is single-source suppliers, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Lucid Group’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH2
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inProduct / Revenue mix
Lucid Air and Lucid Gravity
“10-K Item 1A: 'We currently generate revenue from the Lucid Air and Lucid Gravity, and in the foreseeable future will be significantly dependent on a limited number of models'”
MEDIUMBuilt-in & outside partyCustomer
Government of Saudi Arabia
“10-K Item 1A: 'If we are unable to fulfill the orders from the Government of Saudi Arabia or if the Government of Saudi Arabia purchases significantly fewer vehicles than we anticipate for any reason, our business, prospects, results of operations and financial condition could be materially and adversely affected.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company carries multiple high-share concentration exposures that compound each other at this stage of its development. On the supply side, the majority of suppliers are single-source suppliers, a high-share dependency where the inability of these suppliers to deliver necessary components could halt production. In a capital-intensive, low-volume manufacturing environment, single-source supply disruptions are particularly difficult to remedy quickly given long qualification timelines for alternatives. On the product side, the company currently generates revenue from the Lucid Air and Lucid Gravity and in the foreseeable future will be significantly dependent on a limited number of models, a high-share structural exposure reflecting where the company sits in its vehicle development lifecycle. With only two models generating revenue, any quality issue, recall, or demand shortfall affecting either platform directly impacts the entire revenue base. Layered on the demand side is a moderate customer exposure: if the company is unable to fulfill orders from the Government of Saudi Arabia, or if that government purchases significantly fewer vehicles than anticipated, results could be materially affected. While a government order represents a meaningful but moderate portion of the demand profile, its mixed character — combining structural procurement (bulk orders for a sovereign entity) with dependency (order fulfillment uncertainty) — means it adds an additional single-counterparty variable. Together these three exposures create a concentrated profile across supply, product, and demand: single-source suppliers, a two-model lineup, and a significant government buyer, all at an early stage where no axis has meaningful redundancy. Monitoring supplier continuity, model ramp progress, and the Saudi Arabia relationship are the primary watch items.
For the engine’s reasoning on LCID’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Auto Manufacturers
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| LCID● | Lucid Group, Inc. | 2 | 1 | 0 | 3 |
| GM | General Motors Company | 2 | 0 | 0 | 2 |
| RIVN | Rivian Automotive, Inc. | 1 | 3 | 0 | 4 |
| F | Ford Motor Company | 0 | 0 | 0 | 0 |
| TSLA | Tesla, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.