Lucid talking brassy.-
While financial flexibility — and the backing of Saudi Arabia’s Public Investment Fund — will give Lucid the runway it needs, Rawlinson believes Lucid’s technology will push it over the top to trump Tesla's.
“We are considerably ahead of where Tesla is. We've taken that mantle. When I was at Tesla, Tesla was the tech leader. They've become distracted, and we have taken that place,” he said, referring to what he believes is Lucid's tech advantage in batteries, software, and powertrain.
“We're just in in the process of completing the build-out of our [plant] in Arizona to a capacity of 90,000 units per annum. We're on track for manufacturing around 9,000 Lucid Airs this year, Gravity is going to come in, and our finances are dominated by scale. It's all scale, scale, scale. And this is a big step in that scale,” Rawlinson added.
Lucid Motors (
LCID) has a lot riding on its next EV, the Gravity SUV,
Lucid CEO: We've taken the mantle from a 'distracted' Tesla
Large amount of volume came into this name at 10:00 Fri----
NasdaqGS-Nasdaq Real Time Price
•USD
Lucid Group, Inc.(LCID)
$4.20 00+0.3500(+9.09%)
At close: August 23, 4:00 PM EDT
COULD WE SAY EV'S BENEFIT A LOT FROM LOWER RATES? YES!>>>>>>>
What are our top lower Interest rate sectors? 3 so far.....
1-SPACE
2-SOLAR
3-EV