Lucid.

hey everyone me kevin here let's talk

about lucid motors let's talk about why

it's been on a tear lately is it going

to keep going up how do we trade this or

play this i've got some extra

information as well that i'm going to

reveal in this video uh from lucid

although it is public information so

it's not like it's a big secret but a

lot of people might not be aware of it

and when i talk about why the stock has

been doing you know well and where we

expect it to go so let's get right into

it first things first lucid motors is an

electric vehicle company that will be

the first

pure ev play for an electric vehicle car

in america that's actually going to be

selling mainstream vehicles

outside of tesla and i think that's

wonderful i think it's excellent for the

industry and i'm excited for lucid

motors in fact i pre-ordered a lucid

just to be able to compare it to tesla

and so i'm kind of excited to see it and

let me know if you want to see videos on

it but anyway uh to be determined on

dates for that but we'll see y'all know

i've already got two teslas on old

roadster and the model uh x from 2017

and i've seen some crazy transitions

over time and it's really enabled me to

build an over 10 million dollar position

in tesla stock

which uh has been very very volatile

it's a very emotional position it's too

much uh too much volatility but having

that car and watching it transform was

the reason i kept buying tesla stock so

we'll see is lucid going to be something

like that but let's quickly talk about

lucid so first we know that lucid had

this insane momentum hype at the

beginning of the year in fact momentum

hype really became much more well known

here in 2021 compared to 2020. in 2020

you could pretty much buy any stock and

it was going to go up not obviously

nicola but most stocks did very very

well in 2020. 2021 has been a different

story we've seen a lot of stocks have

these insane run-ups i bought lucid

motors at 17 somewhere around it would

have been somewhere around right here uh

right when we first heard about the

merger rumors this was back when we were

covering the merger rumors about cciv

and bloomberg revealed oh we're going to

have this it's going to be lucid but

what if it's not lucid what if it's

directv right there's all this drama

around lucid anyway the darn thing blew

up to 64. and in hindsight

this is obviously a big mistake i did

not recognize the momentum play of the

stock i should have sold it even if i

sold it at 50 or 55

anything would have been better than

sitting on it while it bled out and

traded sideways in that 17 to 24 range

kind of where it's been trading but hey

hindsight my mistake just fyi was i

didn't recognize that a stock that i was

buying for fundamental purposes had

turned into a momentum stock could have

easily taken profits paid the taxes and

still been higher than uh than where it

was right so it's worth noting keep an

eye on that when you're investing in

stocks it's not always all up okay

people make mistakes too or losses

happen in the stock market but anyway

i have then since a traded lucid i've

traded trade uh calls on lucid sold puts

on lucids uh those are both bullish

directional objectionally of course and

uh and recently here lucid has been

profitable for me because it's been

running take a look at this we've had a

little bit of a run here this is the day

chart these are the average candlesticks

of course so we've had a nice little run

here we're finally above that 23 level

and we're bouncing around this 24 to 28

dollar range right now you can see

yesterday we touched 24 we touched 28 uh

almost touched that 29 level uh the bar

that i have the line that i've drawn

here so we're really trading within this

channel right now and the reason we're

trading in this channel is because lucid

is preparing to deliver vehicles this is

really exciting because throughout the

entire year while we saw this people

would ask me kevin what do you think

about lucen and i would respond and say

i think they need to deliver some

freaking cars already well it's recently

started pumping quite well off of its

lows just a couple weeks ago around 1940

or recent lows even as low as here at 17

on september 1st we've had this recent

pumping because lucid has started

sending out notifications that

individual reservation holders should

start customizing their vehicle which i

have done so that way they could take

delivery of the vehicle very soon in

fact what i want to do is i want to

share with you exactly what i was told

because it's public information about

lucid uh no reason to expect any of this

is confidential and so right now we're

expecting uh two to four months for a

delivery time frame to get the lucid

that i pre-ordered so two to four month

is the expectation uh i will show my my

order here just so you can see i

actually have the darn thing ordered and

i got this pretty neat kind of maroonish

reddish color which i haven't seen

before but i think it's kind of cool so

i took a little screenshot here

of that lucid air dream edition

and so what's fascinating is they expect

this to be delivered within the next two

to four months and uh it looks like

right now the company is expecting to

get on the road this year about a

thousand vehicles

and the first 520 of those are going to

be the dream edition

which obviously these are the more

expensive ones they're in the

neighborhood of like 140 to 160 000

so it's very important to note that

they're expecting to deliver a thousand

vehicles because of the implication that

we get from an interview between the

lucid ceo peter rollinson uh on on cnbc

and uh and cnbc staff take a look at

this so

the interviews right here we're gonna go

ahead and play it and uh let's compare a

little bit our notes and see what we

think breaking news here on lucid motors

fill the boat with the details phil

love that sound sarah lucid which has

been planning on this for several months

finally has had an important milestone

achieved at its plant in arizona the

company has begun production of the

lucid air

as you take a look at shares of lucid

obviously under which it has been under

production they've had their beta

vehicles under production for quite a

while now we already knew this it's just

a matter of getting to full production

on the vehicles that were expecting to

get delivered at the end of the year and

the company has told us we expect

vehicles to be delivered at the end of

2021 so far looks like they're going to

meet that promise true with a lot of the

automakers and really the rest of the

market today but the important news here

is that it has begun production in

arizona deliveries of the lucid air by

the way they start late next month lucid

air reservations are now topping 13 000

so they now have more than 13 000

reservations for this luxury electric

vehicle lucid planning suv production

what they're calling production of the

gravity which will be an electric suv

that will begin in 2023 as they continue

to expand their plant out in arizona

speaking of the plant let's bring in

peter rawlinson ceo of lucid who joins

us from the facility a big week for you

peter thank you for uh

and i'm going to quickly just interrupt

and say note they say 13 000 pre-orders

for this this is very good it's a

healthy number especially since these

are more expensive vehicles and you got

to put five thousand bucks down actually

i'll double i'll log into my lucid

really quick and double check but i'm

pretty sure i put five thousand dollars

down let me check joining us today i i'm

curious from your perspective as you hit

this milestone and as you map out what's

next for lucid how confident are you

that you'll be able to continue to grow

the reservations on the air and then

start to get that order book going on

the gravity

extr gravity by the way is the suv the

air is the sedan be confident because

we've accrued over 13 000

reservations to date

and it's only today

that key

customers and reservation holders have

had the first opportunity to actually

drive these cars and they love them uh

these are i wish i got a chance

activations will explode when people

realize just how awesome this car is

peter how often or or how quickly i

should say will you be able to ramp up

your production

of the lucid air in other words a year

from now what do you expect your monthly

production rate to be good question

well next year we're on schedule for

producing 20 000 units and we want to

expand that to 50 000 in in 2023. okay

this is really important

when they're saying they're trying to

get to 25 000 and 2022 it kind of

implies a run rate of about 20 or about

2 000 vehicles per month right and

they're trying to get to 4 000 per month

roughly in 2023

right now though they're trying to get a

thousand out between now september and

the end of that last the end of this

year so that's probably more of a rate

of about 250 to 300 cars per month so

the rate of production right now is much

much slower if this stock right now is

running like you see in the cnbc chart

here if the stock is running because of

that

there could be a buy the rumor sell the

news event here so it's just worth

noting from trading perspectives that

could be a risk factor fundamental

perspectives this is great they're

they're actually fulfilling what they

promised delivering cars this year right

now our emphasis is upon quality

delivering an awesome car a car that our

customers will really love and

delivering a luxury customer experience

so that takes precedence upon rushing

the ramp up of of production

in the immediate future but clearly next

year we're going to ramp things up uh on

an s curve of production

very popular to hear s-curve of

production remember that's exponential

and then you slow down later in the

future as is s-curve just for

definitional purposes

you clearly have the demand at least

early on 13 000 reservations but look

you're playing in a space that already

is rare air when you're talking about

vehicles over 70 thousand dollars and

there are a number of luxury electric

vehicles whether tesla or porsche which

are already out there or you look at the

new cadillac lyric that's coming out you

have other luxury automakers that are

planning to roll out uh evs in the next

couple of years is there enough demand

in that luxury space above 70 grand to

support all of these electric vehicles

absolutely there isn't a market for

electric vehicles as such that's a

fantasy the market is for vehicles and

that is huge there's only about two and

a half percent

penetration into that market through evs

and you know what i welcome the

competition isn't it great that porsche

tycoon is there isn't it great that the

mercedes eqs is being launched in the us

imminently then our products can compete

and be compared with the very best i

thrive on that competition

wow okay so folks uh very interesting

here now what's worth mentioning here is

take a look at this look at this this is

my reservation for the lucid dream i was

wrong it was actually a 7500 deposit

the total cost is 169 000

for the vehicle

of course 169. uh then it's also worth

mentioning that there was a

note they sent out that they ran out of

reservations for this car on march 22nd

so i don't see exactly when i signed up

for it i feel like i signed up for it on

march 17th

which was

i'm pretty sure that was day one when i

signed up for the deposit and i put the

deposit in for the vehicle

it's because i've really wanted to be

paying attention to this company and the

stock want to make money with the stock

and i've made money with the stock made

enough money with the stock to have the

car basically paid for well paid for

yeah not even basically just paid for

but also there's a progress update here

that they sent out that i think is

really interesting

and this progress update kind of gives

you an idea of their production so they

wrote uh we are they in on july 14th

they wrote that they completed their

pre-production run of 89 lucid airs

uh in they're now in final quality

validation and they are ready to begin

production in the second half of 2021.

so

they've already been producing over the

last few few weeks here so i'm assuming

that uh this yesterday event where they

announced this uh that we've started

production was really just more like the

pr day like we're officially announcing

but they kind of already have been

they have uh they've surpassed the 10

000 reservations we heard here the 13

000 reservations okay great so these are

all you know bullish bullish things for

the stock i do want to give a caution

for trading purposes that i do think the

amount of vehicles that we get this year

is going to be a lot less than

potentially what the market is is hyping

however when we've talked about this not

only in our live streams but in the

course member live streams as well

coupon code link down below we talked

about how it's very possible that the

market isn't actually expecting these

cars to come out as soon as they

actually are we ran a poll and found out

that most of you actually think this car

is going to come out six months from now

or four to six months from now was the

poll result was like over 50 to 70

percent of you thought it was over uh

four to six months away for the lucid to

actually come out when in fact it might

be within two to four months which is

really good and that's why we've seen

some bullish movements here

and i've taken some profits already

on on some lucid sold puts but this is

very good

again

could be a a trade to the downside when

we actually get delivery numbers for the

vehicle

more publicly available but i think

fundamentally this is very good i'm very

excited about this for lucid and i'm

excited to stay tuned for updates and

let me know should we make videos on the

car i don't know i don't usually do tech

car review but hey anyway thank you so

much for watching and folks see you next

one

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