Lucid Motors has great potential but wait for the merger to complete before you buy the stock.Īlso, the merger could lead to a dip in the stock which will be an ideal opportunity to add it to your portfolio. However, the projections and timeline can vary which will bring volatility to CCIV stock. Once the company begins deliveries, there will be a lot to look forward to. The numbers look encouraging but there is no guarantee that the game plan will remain the same.Īlthough the company has received many pre-orders, the execution is yet to occur. This is certainly a golden age for EVs and it is a great time to enter the industry. For a company to prove its worth, there has to be tangible results and strong fundamentals but with Lucid Motors, it looks too far away.ĬCIV stock has had a wild ride in the stock market and it enjoyed an excellent start to the year. It wants to produce at least 20,000 vehicles in 2022 and 250,000 vehicles in 2026.
The company already has 9,000 reservations for the car which could lead to $800 million in sales. There will be four different Air versions and The Air Touring will be available this year. There was already a delay in the delivery of The Air due to the pandemic. The company is expected to start deliveries in the second half of this year and the cheapest version of The Air will come out sometime in 2023. What we are talking about now is only speculation. If Lucid Motors manages to grab a share in the market, it may take years to hit high sales and revenue numbers. EV companies are already expanding into the European markets. market already has a lot of well-established players. market to achieve annual sales but the U.S. Lucid Motors will be heavily dependent on the U.S. It already holds a strong market share and presence in the sector. Tesla has been in existence for many years and is one of the biggest names in the EV industry. The company has not sold a single car and it believes that it can topple Tesla, which looks like speculation to me. Yes, the company has the potential but it is yet to prove itself.
This merger will increase the market cap of Lucid Motors to $40 billion from $6.9 billion. Lucid Motors will raise $4.6 billion in cash through a merger with Churchill Capital.
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