Tuesday, February 23, 2021

A Tesla killer with an 800-kilometer electric car arrives on the stock exchange


The IPO market has skyrocketed over the past nearly a year, especially when looking at electric car manufacturers, due in part to Tesla’s tremendous success, and a number of macro factors in the industry’s favor, such as tightening emissions requirements. This sector was also characterized by the most frequent SPAC acquisitions, as is now the case with Lucid, but we cannot talk about undivided success because some deals, such as Fisker, were well received by investors, but Nikola, for example, quickly after the scandal. returns the short-term rise.

Ákos Szemán, an analyst at Porfolio, created a podcast about empty listed companies:

The price of a blank company called CCIV fell nearly a third in volatile post-trade trading, bringing the market capitalization of the merged entity to nearly $ 64 billion. By comparison, General Motors has a market value of $ 76 billion.

There was also where to fall from last week’s historic high of $ 64.9 after the exchange rate rose sixfold this year. In comparison, after the close, the exchange rate fell to $ 35.3, down 45.6 percent.

Lucid reported that it will begin production and delivery of the first pieces of the luxury sedan Lucid Air in the second half of this year, which we wrote about in more detail earlier. By the way, the company originally announced that it would deliver the first cars in the spring of 2021.

Lucid may still have a long way to go, with the manufacturer aiming to deliver 20,000 cars in 2022 and 251,000 in 2026, but by then it would be expanding its product range with other models, including an SUV. .

The Lucid Air, by the way, starts at $ 77,400 and is the first electric car to do 500 miles (805 km) on a single charge.

Source: David Paul Morris / Bloomberg via Getty Images

When Lucid’s pricing was announced, Tesla CEO Elon Musk also announced on Twitter a reduction in the price of the Model S, the famous 69 420 dollars.

(Reuters)

Cover image: David Paul Morris / Bloomberg via Getty Images





#Tesla #killer #800kilometer #electric #car #arrives #stock #exchange

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

The European Agency and the WHO also gave a recommendation for the elderly – the Society

The first quantities of Astrazeneka's vaccine, 150,000 doses, arrived in Serbia over the weekend, and Marija Gnjatović from the Institute for the Application...

The “SEHA” Radiology Conference explores the latest innovations and technological developments – UAE – News and Reports

The Abu Dhabi Health Services Company, "SEHA", organized the 10th session of the "SEHA" International Conference on Radiology recently, which comes in line...

Suspect confesses to killing critical Maltese journalist in 2017 | NOW

A suspect in the killing of Maltese anti-corruption journalist Daphne Caruana...

Related Articles

The European Agency and the WHO also gave a recommendation for the elderly – the Society

The first quantities of Astrazeneka's vaccine, 150,000 doses, arrived in Serbia over the weekend, and Marija Gnjatović from the Institute for the Application...

The “SEHA” Radiology Conference explores the latest innovations and technological developments – UAE – News and Reports

The Abu Dhabi Health Services Company, "SEHA", organized the 10th session of the "SEHA" International Conference on Radiology recently, which comes in line...

Suspect confesses to killing critical Maltese journalist in 2017 | NOW

A suspect in the killing of Maltese anti-corruption journalist Daphne Caruana...