CCIV - Lucid Motors' Wild $34B Valuation Undermines Strong Potential

• Lucid's potential within the luxury EV market is apparent, given the specs, technology and features of the Air and its four different packages.
• Deliveries are internally forecast to rise to 50,000 units by 2023 and 90,000 by 2024.
• Lucid's projected revenue growth is undoubtedly one of the fastest in the industry, with the company projecting $10B in revenue in <4 years.
• With the expected shares outstanding following the merger, Lucid is currently valued between $34B and $38.5B, a very high amount pre-revenue.

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