Lucid Motors Stock symbol Upcoming
Churchill Capital IV listed Lucid Motors as one of its investments. They invested in Actimane, another innovative center of attention for alternative medicines and their related industry. The Actimane was sold to Generex. One of the largest pharmaceutical firms in the world. So what does this all mean for the shareholders of Lucid Motors? Can Lucid Motors make money?
Lucid Motors Stock symbol Upcoming
In February, Churchill Capital IV listed Lucid Motors as one of its investments. In addition, they invested in Actimane, another innovative center of attention for alternative medicines and their related industry. The Actimane was sold to Generex. One of the large pharmaceutical firms in the world. So what does this all mean for the shareholders of Lucid Motors? Can Lucid Motors make money?
The answer is definitely yes. In February, Churchill Capital IV announced that they had invested in Lucid Motors, a company committed to developing vehicles to induce lucid dreaming and other state-of-the-art neurological experiences. The company is now going public “on an unprecedented scale” to accelerate growth into the next phase of development, Lucid Motors CEO Peter Rawlinson indicated. The timing of this initial investment is not known, but according to Peter Rawlinson, the company has the intention of announcing an IPO within two years, with the first vehicles hitting the market by the end of the fiscal year 2021. It’s important to note, however, that the valuation of Lucid Motors is not yet public.
The electric vehicle concept developed by Lucid Motors
Lucid Motors is currently constructing two new model electric motor trucks for sale. The first truck is schedule to come off the assembly line in march 2021, with the second schedule to be rolling out four months later. The trucks will be manufacture in China. A release from Motors shows that the truck will use a “new-generation semi-automobile platform developed especially for motorized transport.”
The electric vehicle concept developed by Lucid Motors, which it calls the Viability Drive System, consists of a series of hardware solutions. The biggest part of the system is the “electrically assisted motor shift” which Rawlinson refers to as the “brain of the vehicle.” A series of sensors are included in the Viability Drive System that is designed to constantly monitor and adjust to the driving behavior of a driver. The result is an extremely intelligent semi-truck that can sense what the driver is doing at any particular moment in time, and then make changes accordingly.
The plan is to market the Viability Drive System exclusively
The plan is to market the Viability Drive System exclusively to a select group of car buyers. Initial investors will receive an invite to invest in the company’s first two luxury electric vehicles, which will be made in China. There is no specific timeline or indication as to how soon these cars will hit the market. However, investors who make their deposit by March 2nd will be the first to own one of the new Motors electric vehicles. Rawlinson emphasized that once these luxury electric vehicles hit the market, it would be very lucrative for the company.
Another item that the Lucid Motors stock prediction highlights are the fact that Lucid Motors will begin mass-producing their first two premium vehicle models around the middle of next year. No release date has been release, however, Rawlinson indicate that production would begin in the first part of 2021. If this is true, it would make sense to place an order well in advance of the start of production. Investors who participate in the offering will receive an exclusive green card which allows them to purchase an exclusive red car and black car. There is no indication as to whether these models will be produce in the U.S. or Europe.
Lucid Motors is currently undergoing an initial public offering
Lucid Motor is currently undergoing an initial public offering ( IPO ) on July 10th. There is much speculation as to why Rawlings and co-owner David Gill intend to offer their company to the public for approximately $15 per share. Rawlings and Gill are members of the AMEX senior board. Insiders believe that the acquisition of the bankrupt automotive company by AMEX is a positive step for the struggling company. In addition, AMEX itself is in need of additional funding due to declining revenues and debts. This acquisition could potentially resolve the woes at AMEX.
Many prominent investors such as Bill Gross, Peter Lynch, and Carl C. Icahn have become owners of Motors through an unsolicited private placement. However, it is highly unlikely that any of the three will be buying stock from the company anytime soon. The purchase price of Motors is not yet establishing and many speculate that the price may not be as high as originally expected. The timing of the IPO is critical to any potential appreciation in the stock symbol.