#Lucid cciv stock drivers#
#Lucid cciv stock driver#

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. Lucid Motors still needs to scale manufacturing, secure its supply chain, expands its retail footprint, and much more.When it comes to CCIV stock, execution risks remain large.In our opinion, we see Lucid Motors unseating Tesla as the leader in the premium EV category in the first half of the 2020s, and by the back-half of the 2020s, emerging as a formidable second-fiddle to Tesla along the entire EV price chain.

But, long-term, Lucid Motors will do something special. Whether or not that “something special” is build cars for Apple remains to be seen.

This unrivaled confluence of talent will do something special.

The market believes Lucid Motors/Apple rumors, because they’re believable - and they’re believable because Lucid Motors has the most talented team of managers, engineers, and designers in the EV space outside of maybe Tesla (NASDAQ: TSLA).

Had a rumor sparked up that some no-name EV company and Apple were working together, the market wouldn’t have believed it, because it’s unbelievable.

Apple is the largest tech company in the world.

The fact that people are even somewhat believing the rumors speaks to just how much talent is at Lucid Motors.

But, in our opinion, it doesn’t really matter if the rumors are true or not.

Lucid Motors and Apple may be working together.

#Lucid cciv stock drivers#

The feature enables drivers to use the voice assistant for navigation, phone calls, media streaming, and smart home control while driving.

In September 2020, Lucid partnered with eCommerce giant Amazon to build compatibility with Amazon’s Alexa. As of December 1, 2020, Lucid completed the construction of the factory dubbed AMP-1. In December of 2019, Lucid Motors began constructing its Casa Grande, Arizona, as the first greenfield facility for electric vehicle manufacturing in the United States. The deal helped kickstart the manufacturing of Lucid’s first electric vehicle, the Lucid Air. Lucid main competitorsĪfter years of failure to secure significant funding, Lucid Motors in September 2018 closed a $1 billion deal with Saudi Arabia’s sovereign wealth fund to fund electric car production. The company aims to build intuitive, liberating, and vehicles designed for all the ways people get around.

#Lucid cciv stock driver#

The vehicles are built upon Lucid’s electric powertrain technology and are uniquely developed to deliver a unique experience for both driver and passenger. Lucid aspires to create electric vehicles centered around the human experience. The company trades in the Nasdaq exchange under the ticker LCID after going public in July 2021 through Churchill Capital Corp IV (NYSE: CCIV), a special purpose acquisition company (SPAC) that trades on the New York Stock Exchange. The company began as a battery manufacturer before venturing into electric vehicles. The company was founded in 2007 by Bernard Tse, Sam Weng, and Sheaupyng Lin with headquarters in Newmark, California, United States. Lucid Motors (NASDAQ: LCID) is an American luxury electric vehicle manufacturer with divisions in energy storage and original equipment manufacturing.