That translates into a vehicle range of over 517 miles for Lucid - about 26% more than that of the Model S. ![]() Lucid will offer a range of more than 4.5 miles per kilowatt-hour - which exceeds that of Tesla’s Model S (over 4 miles/KwH), according to Lucid’s July 13 investor presentation. Lucid Air expects to beat the Tesla Model S when it comes to range. strategic, judicial growth to expand our manufacturing capability and to mitigate risk as a company.” We’ve just started grading the site for a 2.7 million square foot expansion. As Rawlinson told CNBC, “We’re accelerating our factory to accommodate increased volume. Lucid says it has 11,000 paid reservations for the Lucid Air models. Lucid - which has no revenue - expects to deliver its first vehicle, the Lucid Air - which starts at $69,000 after tax credits - in the second half of 2021. The merger with CCIV gives Lucid’s existing shareholders $11.75 billion and generated “over $4 billion in cash for expansion plans, including Lucid’s current factory in Arizona,” noted CNBC. By 1930, less than 50 were still in operation - and only three them of controlled 80% of the market.Tesla has since enjoyed a stunning rise in its stock market value - growing at a nearly 60% compound annual rate in the last 11 years to a stock market capitalization of $634 billion. About 500 car companies emerged from 1900 to 1910. Just look at what happened with the emergence of gas-powered cars in the early 1900s. We are 100% confident that electric vehicles will entirely replace gas-powered by cars by 2040, thanks to improving EV technology, falling battery costs, shifting consumer demand to eco-friendly products and increasing supply of EVs.īut - even as huge electric vehicle bulls - we acknowledge that most of the EV startups in the market today will go bankrupt. That’s why we are big long-term believers in CCIV stock.This team is seasoned enough, smart enough, and diverse enough to manage through execution risks over the next few years. But, if management executes, this company will be huge, and CCIV stock will be a multi-bagger. ![]() ![]() A lot can go wrong between now, and the company selling millions of cars a year - indeed, so much can go wrong that Lucid Motors may never get there.
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