LCIDW News and Press, Lucid Group Inc. Warrant From 09/30/21

Special purpose acquisition companies as an alternative to IPOs have gone mainstream. SPAC mergers allow companies to go public faster and with less disclosure. The SPAC boom took off in 2020 but now risks losing steam as investor disillusionment mounts and regulatory scrutiny intensi...

The quick rebound Lucid's stock made after the post-lockup sell-off earlier this month is a testament to investors' optimism on Lucid's long-term growth prospects. Achieving a record-breaking EPA range rating of 520 miles on a single charge last week also officially marks Lucid's tran...

Philippe Laffont’s 13F portfolio value increased from $18.24B to $25.52B this quarter. Coatue Management increased Amazon.com, Moderna, Twilio, and Peloton Interactive while decreasing XPeng and dropping Farfetch Limited. The largest three positions are DoorDash, Amazon.com...

Global electric car sales for July 2021 were up 94% YoY reaching 7.1% share, third best month ever. China sales rose 143% YoY reaching 15% share. EV market news - Biden outlines target of 50% EV sales share in 2030. UBS forecasts 25% EVs by 2025 and 60-70% by 2030. Musk says EVs at "i...

Lucid Motors has made its debut on the Nasdaq official late last month after shareholders approved the company's reverse merger with SPAC Churchill Capital Corp IV. Following completion of the transaction, the luxury EV pure-play raised cash proceeds of $4.4 billion, the largest EV-re...

The number of SPACs has soared in 2020 and 2021 as investor demand soared, and deal volumes surged much higher. Average deal size is rising, and some companies have completed or agreed to mergers at valuations above $10 billion. SPACs provide some key advantages to companies compa...

We see lots of challenges, which will make it hard for Lucid to succeed in the EV market. The rise of competitors and an already high market capitalization are making it even harder to justify a long position in Lucid at the current levels. We believe that there are better EV stoc...

XPeng reached a record amount of deliveries for July, at over 8,000 units, as the P7 hit over 40,000 deliveries in its first year. Strong revenue growth at ~180% y/y is possible for the current fiscal year as deliveries are projected to rise to nearly 70,000 units. XPeng has multi...

Global electric car sales for June 2021 were up 153% YoY reaching 8.7% share. Europe sales rose 157% YoY reaching 19% share, and China sales rose 158% YoY reaching 15% share. EV market news - EU proposes end to the internal combustion engine in 2035. Bank of America sees EVs represent...