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Lucid Motors Goes Public, Might Be a Much-Awaited Tesla Killer. By Mohit Oberoi, CFA. Jul. 26 2021, Published 12:10 p.m. ET. The most awaited SPAC merger of 2021 has finally happened after.

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The simple answer for how Lucid could catch up to Tesla or even surpass it by 2040 would be that it has to sell more cars, make more money, and grow faster. But the bigger picture is that Lucid. In that year, Lucid believes it will be selling 251,000 EVs. The new vehicles will correspond to 75,000 units, while the Gravity will sell 134,000 units. It seems Lucid included here the new SUV.

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8 equities research analysts have issued twelve-month price objectives for Lucid Group's stock. Their LCID stock forecasts range from 12.00 to 60.00. On average, they anticipate Lucid Group's stock price to reach 34.17 in the next twelve months. This suggests a possible upside of 84.4% from the stock's current price.

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Hertz announced a blockbuster order of 100,000 Model 3 vehicles from Tesla early last week. The car rental company's announcement of the $4.2 billion deal immediately catapulted the EV maker's. Lucid Motors appears in talks to go public through a merger with a special purpose acquisition company (SPAC) belonging to investor Micheal Klein. The deal could be worth $15 billion (about €12.4Bn) for the electric vehicle maker. Financial news agency Bloomberg cites sources close to the matter. These also mentioned Lucid's connection to Saudi Arabia's [].

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Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools. Identify stocks that meet your criteria using seven unique stock screeners.

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The 2022 Lucid Air is the only EV currently on the market to beat Tesla on range, with an EPA-estimated range of up to 520 miles if you buy the Dream Edition. This trim will set you back $169,000 — making it more expensive than most Tesla models, but less than the upcoming Tesla Roadster.

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Lucid, which announced plans last week to go public through a reverse merger, is expected to pose real competition to electric-vehicle pioneer Tesla. Thus far, Lucid is following Tesla's playbook.

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Lucid Motors CEO Peter Rawlinson had a fitting reply to former boss Elon Musk, who made a dig at him at a public forum and questioned his role in Tesla. The stock hit a daily high of $18.70 before.

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