![]() That plan coincided with an injection of $4.5 billion worth of capital… Leading to a $35 billion valuation for the company at the time. In 2021, Lucid announced plans to expand its Casa Grande plant by 2.1 million square feet. ![]() Look for the share price to increase 20-30% over the next 12 months as Lucid begins and then expands its production. Those figures are key to this Lucid Motors stock prediction. In addition, Lucid is expected to produce 20,000 vehicles in 2022. Investors remain enthusiastic about the Lucid Air’s high performance and bleeding-edge technology. But now that the lock-up period has come and gone, so too has downward pressure on Lucid’s share price.Īs a result, there is a bullish sentiment around Lucid Motors stock. That caused the share price to fall by almost 11%. The important part though is sell is exactly what investors did post lock-up period. (You can read more details about the agreement here.) The lock-up period ended on September 1st, 2021, allowing investors to sell their shares. Those investors paid $15 a share at the time. In return, they would hold those shares for a set period of time, called a lock-up period. There was a PIPE (private investment in public equity) included in Lucid’s SPAC deal which allowed investors to purchase shares at a favorable price. It’s important to note that one of the reasons Lucid shares have dropped is due to the end of a lock-up period. All of this makes a proper Lucid Motors stock prediction quite difficult. The company also promises its batteries will be more energy efficient than Tesla’s… Yet another key performance indicator for EVs. They still believe Lucid can match, and even best the performance of Tesla and other competitors. While it is only promising one vehicle (with four trims) so far, investors remain relatively confident in Lucid. Nevertheless, while Lucid shares are down nearly 50% since their peak in July, the company is still valued at over $30 billion. But those are only future sales as it hasn’t yet begun production. This accounted for $900 million in future sales. Lucid announced 10,000 reservations of the Air in July. After all, investors don’t like uncertainty. So, what is going on? Not much, really - and perhaps that’s the issue. However, after reaching nearly $30 after the SPAC, share price began to slide. This gave it a market cap of over $30 billion. And the company’s shares did see a bit of a spike shortly after its debut. And the company went public on July 26th as part of the Churchill Capital Corp. Lucid hasn’t started production of the Air yet. In addition to the long range Lucid is promising, the automaker says its luxury vehicle will be able to recharge for 300 miles of range in just 20 minutes. You can either join the waitlist for the vehicle or make a fully refundable deposit starting at $1,000. ![]() It plans to employ up to 2,000 people at the plant and produce as many as 130,000 cars per year when at peak capacity.įor now, those interested in buying the Lucid Air can configure one of four models on the Lucid Motors website. At the time, it also announced plans for a manufacturing site in Casa Grande, Arizona. The rebranding was part of its plans to build an all-electric vehicle of its own. It wasn’t until 2016 that the company changed its name to Lucid Motors. Initially, it was focused on building batteries and powertrains for existing vehicle manufacturers. The company was founded in 2007, but at that time it was known as Atieva. Lucid Motors is an electric vehicle manufacturer based in Newark, California. This Lucid Motors stock prediction will take that question on and look at the good and the bad of investing in this new automaker. Given that Lucid is still in the very early stages of its life as an automaker, you might be wondering whether you should consider investing. So it’s possible Lucid could follow suit. But after that, Tesla released cheaper models. That said, the first vehicle Tesla (Nsadaq: TSLA) released was the Model S, which starts at $84,490 today. Not only does the Lucid Air look great it promises a range of more than 500 miles.īefore you get too excited, though, the Air is a high-end vehicle that will start at $69,900. ![]() For now, the car is only available to reserve, but prototypes of the “Tesla killer” can be found in plenty of YouTube videos. First off, Lucid Motors (Nasdaq: LCID) has been turning heads with its up-and-coming luxury electric vehicle, the Lucid Air. Before getting into the heart of this Lucid Motors stock prediction, there is some electrifying news to report.
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