I feel there is an unrealistic expectation that $Lucid Group...
I feel there is an unrealistic expectation that $Lucid Group(LCID.US$ will explode like $Tesla(TSLA.US$ .
Right now there is enthusiasm because of $Tesla(TSLA.US$ . It also won the Motor Trend Award, and the orders news was very positive. But that will wear off, and people will slowly continue to sell, (like they have) and finally at the end of January '22 the PIPE investors that are currently locked up will be able to sell. I think that will be the time to strike.
When they do another earnings call and update the orders numbers there could be another surge. If those numbers reflect that they are going to meet or exceed their targets. But I think there will be multiple surges and regressions with this stock in 2022. If they start to get the orders they want and can ramp up production to meet them then the price will get up around 60 and stay there. It might even go higher and then come back.
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Dylinh : no I doubt that, Tesla has competition now and it surpasses Tesla in many ways. People will compare EV to Lucid instead of Tesla since it's technologies are more advance than it. Lucid is still new to the world, once it is well known to everyone that is what going to be. Even now, I'm sure legacy automakers are talking about competing with Lucid instead of Tesla as far as technology wise. Tesla will be a thing of a past slowly moving into the future.