‘Luxury sedan’ specialist
Mainly from Tesla
Launch of SUV ‘Gravity’ in 2023
Annual production target of 500,000 units by 2030
“Explore the luxury electric vehicle market”
Lucid, which claims to be a company specializing in ‘premium electric vehicles’, held a 3Q earnings briefing session on the 15th (local time). Although figures such as sales and net profit were not disclosed, it informed the fact that the number of reservations had surged. As of the end of June, the number of reservations was 10,000, but at the end of September, the number increased to 13,000. Currently, the number of reservations is around 17,000. Lucid shares rose 2.16% during the day to close at $44.88, up 1.47% more in after-hours trading.
Lucid is a company specializing in electric vehicles, founded by former Tesla employees. Competitiveness is ‘luxury’. It is said that Tesla is “innovative, but not luxurious”. It aims to have a clear presence in the ever-growing electric vehicle market by overtaking luxury vehicles such as Mercedes-Benz, Porsche, and Ferrari.
Lucid Air
As of the 15th, Lucid jumped to the 9th place in market capitalization among global automakers. After listing, is it possible to see an additional share price rise like rival Rivian, which has surged more than 90% from the IPO price? I focused on Lucid.
Silicon Valley = Correspondent Hwang Jung-soo
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