TSLA - Where Will Lucid Motors Be in 1 Year?
Lucid Motors is preparing to launch its first all-electric luxury sedan, which it says will offer a longer battery range and better performance than the Tesla (NASDAQ: TSLA) Model S. The upstart automaker, which plans to go public late next month through a merger with special purpose acquisition company ( SPAC ) Churchill Capital IV (NYSE: CCIV) , believes that it will be able to produce luxury vehicles without compromising on performance, technology, or environmental friendliness.
That sounds like the best of all automotive worlds -- if Lucid Motors can deliver what it's promising. But what should investors be expecting from the company over the next 12 months?
Management says the automaker will start commercial deliveries of its cars this year. Its flagship model, the Lucid Air, has a starting price of $77,400, and a range of more than 500 miles, compared to the 412 miles offered by Tesla's Model S Long Range.
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Where Will Lucid Motors Be in 1 Year?