![]() And that’s, it’s just my cautious, conservative nature, particularly I feel a weight of responsibility as the company goes public, and it’s just my culturally, it’s better to under promise and over deliver.” “I just like to under promise and like to over deliver. He expressed this directly in an interview given earlier this year with The Financial Times, explaining: His blueprint for success is clearly delivering quality and not falling short on guarantees. ![]() If nothing else, Rawlinson has demonstrated a clear abundance of caution when bringing Lucid to market in the EV sector. #Lucid cciv stock seriesWith the price of the various models in the Lucid Air series running between $70,000 and $170,000, that’s still a nice chunk of change ($40 million to $98 million possible) for an initial production run.Īnything is possible but the possibility seems strong that Lucid Motors may actually exceed that initial figure of 577 vehicles in 2021. The projected initial 2021 vehicle run has fluctuated a bit but has always remained modest in scope, with 577 being the number ultimately settled on. It may have dinged them a little bit in the short term, given how anxious investors and consumers have been to see the cars on the road, but such diligence should only benefit them in the long run. ![]() It was a trade off of choosing quality over time. Contributing to production delays was their desire to not rush anything and only move to that final phase once they were comfortable they had mastered every component of their inaugural Lucid Air series. The company has repeatedly reiterated their commitment to quality. ![]() From there, the final vehicles should in short order be crash tested, with positive results meaning final production can start in what could be just a matter of weeks. The expected release was already delayed but Lucid CEO Peter Rawlinson recently confirmed they have completed all of their pre-production builds and have commenced on quality validation builds. Naturally, the most anticipated catalyst will be when Lucid starts delivering vehicles into the hands of owners. This will make official the extensive resulting funding that will add to a deep war chest already provided by Lucid’s majority stakeholder, the Saudi Arabian Sovereign Wealth Fund, and also spring the company towards the final phases before being fully up and running. With the merger expected to finalize later in July, changing the ticker to LCID, that will come as a welcome confirmation for many. Share price reached a closing high of nearly $65 before plummeting to around $17 and then moving back up to the current range. Since Lucid Motors was rumored and then announced their intended SPAC partnership with Churchill Capital Corp IV (CCIV) earlier this winter, investor excitement has been high. Looking forward to the remainder of 2021, there is a reasonable case to be made for the stock to potentially explode from its current price of $24.85 during the remainder of the year. ![]() The EV and battery manufacturer is in the midst of completing a SPAC merger and getting its initial vehicles on the road in the coming months. The EV company could hit a number of upcoming catalysts that could send the share price upwardįew commodities have garnered as much attention and seen the extreme volatility this year as CCIV (Lucid Motors). ![]()
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