Lucid Air
Tesla (TSLA) -
Nio (NIO) -
Lucid (n/a) -
Rivian (n/a) -
Lordstown (RIDE) - undecided
Nikola (NKLA) -
Fisker (FSR) -
EV ftw!!!
Joined: Nov 2002
Posts: 9,005
Likes: 588
From: Lake Ontario
Well it's stock, and therefore there's always a risk. Tesla didn't have a track record when it started either, but I stuck to my guns and bet well on Tesla 7-8 years ago. I was a bit late investing in Nio recently, but I'm happy I got in it. Tesla paved the way for Rivian and Lucid to do very well. Both have compelling products in their pipeline, with production facilities coming online, and production later this year. I'm excited for the second half of this year. Fisker's around still but it's been mismanaged and a hot mess, and honestly their products are neither memorable or compelling. This is how I currently view them:
Tesla (TSLA) -
Nio (NIO) -
Lucid (n/a) -
Rivian (n/a) -
Lordstown (RIDE) - undecided
Nikola (NKLA) -
Fisker (FSR) -
Tesla (TSLA) -
Nio (NIO) -
Lucid (n/a) -
Rivian (n/a) -
Lordstown (RIDE) - undecided
Nikola (NKLA) -
Fisker (FSR) -
Lead Lap
Joined: Apr 2016
Posts: 512
Likes: 169
From: Alberta
There is some extremely interesting technology that makes electric motors 20-50% more efficient and doubles the life span of batteries while preventing them to degrade quickly under load, which is NOT yet used in any of these EV’ but soon will be. I actually started a thread on this technology and it was closed for some unknown reason. All this to say there will be a huge benefit to having Lucid Rivian Tesla and others competing for the latest and greatest applications of the latest and greatest technologies. Not all of them will survive but some will and we the customer end up the winner. My bet is on A major who has yet to come out with a great EV companies like Tesla are great at technology but mass manufacturing is not their forte.
My bet is Tesla won’t be producing vehicles in 10 years 20 for sure. They will long be surpassed, in spite of being on top of the heap currently.
My bet is Tesla won’t be producing vehicles in 10 years 20 for sure. They will long be surpassed, in spite of being on top of the heap currently.
EV ftw!!!
Joined: Nov 2002
Posts: 9,005
Likes: 588
From: Lake Ontario
There is some extremely interesting technology that makes electric motors 20-50% more efficient and doubles the life span of batteries while preventing them to degrade quickly under load, which is NOT yet used in any of these EV’ but soon will be. I actually started a thread on this technology and it was closed for some unknown reason. All this to say there will be a huge benefit to having Lucid Rivian Tesla and others competing for the latest and greatest applications of the latest and greatest technologies. Not all of them will survive but some will and we the customer end up the winner. My bet is on A major who has yet to come out with a great EV companies like Tesla are great at technology but mass manufacturing is not their forte.
My bet is Tesla won’t be producing vehicles in 10 years 20 for sure. They will long be surpassed, in spite of being on top of the heap currently.
My bet is Tesla won’t be producing vehicles in 10 years 20 for sure. They will long be surpassed, in spite of being on top of the heap currently.
Lead Lap
Joined: Apr 2016
Posts: 512
Likes: 169
From: Alberta
nobody stays at the top forever Nobody.
tesla share prices are because of Musk. Not because of the car. It’s a fragile ecosystem.
EV ftw!!!
Joined: Nov 2002
Posts: 9,005
Likes: 588
From: Lake Ontario
I like Tesla and if I lived in an Urban setting would own one. The point of my previous post was, Now, their is technology that is proven and on its way that will make EV’s 30% more efficient and if one of Tesla’s competitors gets it and Tesla doesn’t then it will put Tesla in a rough spot. Real rough spot.
A technology is really only proven once it's successful in a real world application and can also be produced at scale. Otherwise it's just an academic exercise.
Lucid Motors agrees to go public in merger with blank-check firm
Lucid Motors agrees to go public
Source
Lucid Motors on Monday agreed to go public by merging with Churchill Capital IV Corp, a blank-check firm backed by Wall Street dealmaker and former Citigroup banker Michael Klein, in a deal that valued the combined company at $11.75 billion.
The deal with Churchill Capital IV Corp includes a private investment of $2.5 billion from Saudi Arabia's Public Investment Fund, funds managed by BlackRock and others. It is expected to provide Lucid with $4.6 billion in proceeds.
The California-based EV maker had said in August that it aims to start selling its first luxury model, Lucid Air, early this year. The electric sedan would be the first to achieve a 500-mile driving range, the company said. (https://reut.rs/3nBdh0I)
Lucid Air has a starting price of $77,400. But it would come down to $69,900 as customers may be eligible for a federal tax credit of $7,500.
After the luxury electric sedan was priced, Tesla Chief Executive Elon Musk had in October last year announced a cut in the price of Model S Sedan. He tweeted, "The gauntlet has been thrown down!"
It was last year that other EV makers such as Nikola Corp and Fisker Inc went public through mergers with blank-check firms. Los Angeles-based EV firm Faraday Future Inc also announced a deal with a blank-check company to go public earlier this year.
Founded in 2007 by former Tesla Inc executive Bernard Tse and entrepreneur Sam Weng as Atieva Inc, Lucid had received initial funding from Chinese technology company LeEco, which is controlled by Faraday Future founder Jia Yueting.
Churchill capital Corp IV, the fourth special purpose acquisition company (****) backed by former Citigroup Inc banker Michael Klein, went public in a $1.8 billion initial public offering (IPO) in July last year.
***** are shell companies which raise money through an IPO to take another company public within two years.
Such mergers have become a popular alternatives for companies looking to go public, with over 200 **** deals collectively raising more than $70 billion in equity last year.
The deal with Churchill Capital IV Corp includes a private investment of $2.5 billion from Saudi Arabia's Public Investment Fund, funds managed by BlackRock and others. It is expected to provide Lucid with $4.6 billion in proceeds.
The California-based EV maker had said in August that it aims to start selling its first luxury model, Lucid Air, early this year. The electric sedan would be the first to achieve a 500-mile driving range, the company said. (https://reut.rs/3nBdh0I)
Lucid Air has a starting price of $77,400. But it would come down to $69,900 as customers may be eligible for a federal tax credit of $7,500.
After the luxury electric sedan was priced, Tesla Chief Executive Elon Musk had in October last year announced a cut in the price of Model S Sedan. He tweeted, "The gauntlet has been thrown down!"
It was last year that other EV makers such as Nikola Corp and Fisker Inc went public through mergers with blank-check firms. Los Angeles-based EV firm Faraday Future Inc also announced a deal with a blank-check company to go public earlier this year.
Founded in 2007 by former Tesla Inc executive Bernard Tse and entrepreneur Sam Weng as Atieva Inc, Lucid had received initial funding from Chinese technology company LeEco, which is controlled by Faraday Future founder Jia Yueting.
Churchill capital Corp IV, the fourth special purpose acquisition company (****) backed by former Citigroup Inc banker Michael Klein, went public in a $1.8 billion initial public offering (IPO) in July last year.
***** are shell companies which raise money through an IPO to take another company public within two years.
Such mergers have become a popular alternatives for companies looking to go public, with over 200 **** deals collectively raising more than $70 billion in equity last year.
Lexus Champion
Joined: Sep 2010
Posts: 2,218
Likes: 300
From: NA
https://www.caranddriver.com/news/a3...duction-delay/
The company has (gasp) issued a press release saying that production will be delayed for a number of reasons. Uh huh.. they are a real car company, right
The company has (gasp) issued a press release saying that production will be delayed for a number of reasons. Uh huh.. they are a real car company, right
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Lexus Fanatic
Joined: Nov 2011
Posts: 35,383
Likes: 357
From: ON/NY
httpsUh huh.. they are a real car company, right
Last edited by Toys4RJill; Mar 7, 2021 at 06:16 AM.
Lexus Champion
Joined: Aug 2006
Posts: 12,524
Likes: 265
From: Illinois
Lexus Fanatic
Joined: Nov 2011
Posts: 35,383
Likes: 357
From: ON/NY
Sort of I I guess, I don’t think these start ups will succeed, been watching the industry for 40+ years The China companies will make it. These US start ups will never get off the ground and everything is in a bubble. Hopefully the bubble crashes soon so things can come back to reality.
Are you pleased with the launch delay?
Are you pleased with the launch delay?
Last edited by Toys4RJill; Mar 7, 2021 at 07:23 AM.
Lexus Fanatic
Joined: May 2012
Posts: 68,468
Likes: 3,991
From: Maryland
Nothing is going to 'come back to reality' lol. This is reality. Whether Lucid makes it or not, Tesla has opened the door to the idea that one does not have to be an established automaker to succeed in this space. Innovation from outside sources is not a bad thing at all.
These companies are technology companies and like it or not the car is now a tech item, and younger generations view them that way.
Why on earth would one cheer for China to succeed and celebrate failures of American industry?! Sad.
These companies are technology companies and like it or not the car is now a tech item, and younger generations view them that way.
Why on earth would one cheer for China to succeed and celebrate failures of American industry?! Sad.
Lexus Test Driver
Joined: Jan 2007
Posts: 7,460
Likes: 232
From: CA
Originally Posted by SW17LS
Nothing is going to 'come back to reality' lol. This is reality. Whether Lucid makes it or not, Tesla has opened the door to the idea that one does not have to be an established automaker to succeed in this space. Innovation from outside sources is not a bad thing at all.
These companies are technology companies and like it or not the car is now a tech item, and younger generations view them that way.
Why on earth would one cheer for China to succeed and celebrate failures of American industry?! Sad.
These companies are technology companies and like it or not the car is now a tech item, and younger generations view them that way.
Why on earth would one cheer for China to succeed and celebrate failures of American industry?! Sad.
Build a better product and the rest will solve itself. Hopefully Lucid can make it along with Rivian. One thing we are learning is that Americans have a leg up on EVs as it's much more software focused and Americans are really good at software. Let's hope GM and Ford get their act together and seize their early entry into this new era.
Lexus Fanatic
Joined: May 2012
Posts: 68,468
Likes: 3,991
From: Maryland
Exactly, we look at a vehicle with a totally different set of criteria than a Tesla fan does. I was talking to a guy the other day about it and when I said they just weren't luxurious enough to me inside he looked at me like I had 3 heads, for him that wasn't even anything he even thought about.
