![]() Tesla famously had numerous brushes with failure and financial disaster on its way to the top. ![]() And just because Lucid and Rivian are able to start delivering vehicles to customers, that doesn't necessarily mean they'll be able to do it for long. Still, mass-producing cars is a notoriously tricky and expensive business. In 2008, we began by working on our battery system the core EV technology to address the challenge of simultaneously achieving high performance, safety, and durability. Shares of Lucid have risen 18.5% since Wednesday, and are up some 130% year-to-date. From Battery Technology to a New Experience Paradigm - A Brief Glimpse Into Lucids History. In a Wednesday note to investors, Bank of America analysts called Lucid potentially the next Tesla or Ferrari, noting that it is "a relative competitive threat to the universe of incumbent automakers, with innovative technology, attractive product, compelling brand, clean sheet manufacturing approach, and impressive management experience." Some on Wall Street are optimistic about Lucid's potential to challenge Tesla and legacy automakers alike. The company is taking a page out of Tesla's playbook by starting with a super-premium vehicle and working toward more affordable offerings, including a $77,400 base model of the Air and a small SUV called the Gravity. Electric vehicle startup Lucid Motors is now a publicly traded company, following the completion of a merger where it fetched an eye-watering 4.5 billion in fresh capital. Lucid has already begun building preproduction cars at its factory in Arizona and says it will start shipping the $169,000 Air Dream Edition to preorder holders later in 2021. Rivian's first saleable vehicle comes more than a decade after CEO RJ Scaringe founded the company in 2009.Įarlier in September, the Environmental Protection Agency rated Rivian's SUV and pickup at an impressive 316 and 314 miles of range, respectively. Rivian, which is working on a pickup truck and a Range Rover-esque luxury SUV, announced Tuesday that its vehicles are certified for sale in all 50 states and that its first customer-ready R1T pickups rolled had rolled off the production line in Normal, Illinois. Lucid Motors and Rivian have both been making strides as of late and are set to start delivering their debut vehicles in 2021. Two contenders have risen to the top of the heap as their years-long efforts finally start to pay off. Today, Elon Musk's automaker hardly qualifies as an startup anymore (it's worth some $750 billion), but a growing number of new manufacturers think they can replicate Tesla's success. (11.60M), First Trust Advisors LP (9.59M), State Street Corp (9. Get 30 Days of MarketBeat All Access Free. This page (NASDAQ:LCID) was last updated on by Staff. This volume of shares sold represents approximately 204.30M in transactions. Tesla has dominated the US electric car market for years as the sole startup that's managed to mass-produce EVs and keep the lights on. Of the 379 institutional investors that purchased Lucid Group stock in the last 24 months, the following investors and hedge funds have bought the highest volume of shares: Vanguard Group Inc. Institutional investors have sold a total of 14,032,011 shares in the last 24 months. All Rights Reserved.Account icon An icon in the shape of a person's head and shoulders. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. ![]() Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Top 10 Mutual Funds Holding Lucid Group Inc Mutual fund ![]() Top 10 Owners of Lucid Group Inc Stockholder LLC Bought 275.0 Thousand shares of Lucid Group Inc Bought 385.1 Thousand shares of Lucid Group Inc TOBAM SAS Bought 562.1 Thousand shares of Lucid Group IncīARCLAYS BANK PLC (PRIVATE BANKI. Transactions Latest Institutional Activity
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