Author: D. Sylla
Table of Contents #
Lucid Motors #
Lucid Motors is an American-based electric vehicle (ev) manufacturing brand that also offers equipment manufacturing and energy storage. For instance, the company provides batteries to Formula E Race Cars. The company was founded in 2007, and it has now become a publicly traded company. The fact that it has recently raised $4.5 billion in fresh capital has turned the eyes of many, making it among the most popular car brands in the world. The recent rise in popularity may influence investors to buy stocks, but the question awaits: Is it a good idea?
Types of Vehicles Manufactured #
Lucid Air is the most recent upcoming vehicle manufactured by the company. Lucid Electric, Lucid SUV, and Lucid Sedan also make up the new line-up in the range of Lucid Motors production. These are electric cars that are going to have tech-savvy features in them. What's more, the company plans on producing 520 Dream Edition models along with the EPA (Environmental Protection Agency) range rating. The Lucid Air 2022 version has a range rating that goes 520 miles, making it among the top competitors of premium electric car companies like Tesla.
Is Lucid Motors a Good Stock Investment? #
Many analysts believe Lucid Motors is a worthwhile investment as part of a long-term investment strategy in EV stocks. Indeed, the timing seems right, considering the launch of the company’s first vehicles by the end of this year.
According to the Motley fool, Lucid Motors is expected to make $2.2 billion in revenue by 2022 and the company’s first model (Lucid Air) will have a battery efficiency and a projected range higher than Tesla's Model S, which is the current leader in battery efficiency.
References #
- Lucid Motors: Home
- First drive review: 2022 Lucid Air delivers a new leading edge for EVs
- Is Lucid Group Stock a Buy? | The Motley Fool