Lucid Motors is a buy right now. Why? It’s set to make some big waves in the electric vehicle market. Buyers and investors are already lining up and making reservations. Production and sales around one hundred grand equate to a minimum of 12 billi in revenue potential. The stock prices have fallen in recent weeks to no fault of the company. Attribute it to people taking profits in a soaring company. Now’s your turn to get in and get a piece of the pie. Let’s talk lucid about LCID.
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Lucid Motors is an auto manufacturer in the electric vehicle market. They place an exceptionally high priority on efficiency ensuring that their cars maximize their use of the world’s resources sustainably. They seek materials from the most responsible suppliers — with a focus on sustainable standards and the potential for recyclability. Their band new factory is the first purpose-built EV facility in North America — designed expressly for the needs of the consumer and environmentalist alike.
Lucid Motors’ Lucid Air has been named Motor Trend’s Car of the Year for 2022.
Reservations for the Lucid Air, Lucid Motors' first attempt at producing an electric vehicle, are increasing.
Top 3 reasons why LCID is a buy right now:
1. The company has already begun deliveries of their cars to customers while reservations for vehicles are rising.
2. The Lucid Air range of 520 miles is unparalleled and unmatched in the industry. Even by Tesla. No company comes close to this range rating.
3. Production of the Air Sedan has just commenced. LCID will be revealing more details about other new models in the coming weeks.
There are many EV companies that showcase their prototypes and pre-production models, but only a few can show a finished product that is selling. This is where Lucid Motors distinguishes itself in an increasingly crowded field. In October, the electric-vehicle company began making customer deliveries to reservation holders, and reservations are increasing.
The company is currently sitting on 17K reservations for the Air Sedan which is up from 13K reservations in the previous reservation status. With their new facility in Arizona the company is looking to scale up to around 34K cars in the first phase of their build up. At this rate Lucid is on the money to exhaust half of its production capacity just off reservations.
In September, the Lucid Air Dream Edition sedan received the highest EV category range rating from the EPA, 520 miles, beating the nearest competitor by a solid 100 miles. No other EV product on the market comes close to Lucid Motors, which, let's face it, is a pretty good selling point for customers looking to contribute to the EV revolution by purchasing an electric vehicle with their hard-earned money. As a result, the Lucid Air sedan and its various special editions should prove to be best-selling models, resulting in a significant increase in sales once Lucid Motors reaches mass production capacity.
Lucid Motors is currently on track to produce and sell only one primary product: The Lucid Air sedan. But, behind the scenes, the electric-vehicle manufacturer is hard at work on its second project, which will see the introduction of the Gravity luxury SUV. The SUV from Lucid Motors is still in the design phase, and few details have been revealed so far, other than the fact that the new electric-vehicle will be available in 2023.