Lucid Air Gets EPA Range Rating of 520 Miles

[tacobell fan]

Tesla's Model S has a range of 405 miles. Lucid Group said the range of its Lucid Air Dream Edition goes one better. In fact, it goes more than 100 miles better. 

The car has received an official rating from the Environmental Protection Agency of 520 miles of range, according to Lucid. It is the longest-range electric vehicle ever rated by the EPA, the company added. 

Shares of Lucid, the electric-vehicle start-up run by Peter Rawlinson, who helped develop the Tesla Model S a decade ago, were rising 4.95% on Thursday to $20.90. 

The stock has risen more than 108% so far this year but has dropped about 11% over the past three months. "I'm delighted that our Lucid Air Dream Edition Range has been officially accredited with a range of 520 miles by the EPA, a number I believe to be a new record for any EV. Crucially, this landmark has been achieved by Lucid's world-leading in-house EV technology, not by simply installing an oversize battery pack," said Rawlinson in a statement. 

Earlier this month, Lucid got its first rating from Wall Street, a bullish call. 

Citigroup analyst Itay Michaeli launched coverage of Lucid with a Buy and set a price target of $28. 

"Lucid resembles much of what we like about Tesla, but without the lofty 2030 [market] share and [self driving] outcomes that one must underwrite, " the analyst wrote in a note. 

The analyst doesn't like Tesla -- he has a Sell rating on the stock. 

Tesla fell 0.69% on Thursday to $750.61. 
 

[Pitta]

[mirchi_bajji]

good info. stock konacha or already inflated lo unda?

[siru]

2 minutes ago, mirchi_bajji said:

good info. stock konacha or already inflated lo unda?

ATH was 50 but tarvata chala racha aindi. Ipudu invest cheste definitely 2 year hold till u see gains. Tesla was flat at 15$ for 5 years or so

[hyperbole]

There is only one startup in EV space same like tesla who does everything in house from batteries, engines and software. The company is being lead by the people who’s been there and done that. This company is Tesla second coming and recommend buying its stock before if it becomes 200-300 in no time. They are claiming their battery and engine to be superior than Tesla and it looks it as well from independent trials so far

[psycopk]

battery formula chepakunda.. public loki rakunda.. i think their calim is  false... better to wait until product gets to public and charging speed and longetivity also matters... tsla passed all those..

[hyperbole]

The designed excellent pieces in the car, over all they are 17% efficient than a model s. Model S is class leading by a wide margin in the market right now. Extracting 4.8 avg miles from every kilo watt battery is a marvelous achievement. 

[hyperbole]

5 minutes ago, psycopk said:

battery formula chepakunda.. public loki rakunda.. i think their calim is  false... better to wait until product gets to public and charging speed and longetivity also matters... tsla passed all those..

They are a battery company and turning into a EV company. Their bread and butter was making batteries for F1 type race cars. They are in play before Tesla became tesla. They have an ace up their sleeves

[hyperbole]

it is not just about battery and their motors also their design has the best drag coefficient of 0.21 which helps in mileage

https://www.caranddriver.com/news/a33393428/lucid-air-aerodynamics-drag-coefficient-specs/

[siru]

15 minutes ago, hyperbole said:

There is only one startup in EV space same like tesla who does everything in house from batteries, engines and software. The company is being lead by the people who’s been there and done that. This company is Tesla second coming and recommend buying its stock before if it becomes 200-300 in no time. They are claiming their battery and engine to be superior than Tesla and it looks it as well from independent trials so far

rivian is also there

[dalapathi]

15 minutes ago, hyperbole said:

There is only one startup in EV space same like tesla who does everything in house from batteries, engines and software. The company is being lead by the people who’s been there and done that. This company is Tesla second coming and recommend buying its stock before if it becomes 200-300 in no time. They are claiming their battery and engine to be superior than Tesla and it looks it as well from independent trials so far

Stock price 200-300 ante, Market cap 320 bn -480 bn. Chaala years padtademo antha reach avvadaniki.

[siru]

4 minutes ago, hyperbole said:

it is not just about battery and their motors also their design has the best drag coefficient of 0.21 which helps in mileage

https://www.caranddriver.com/news/a33393428/lucid-air-aerodynamics-drag-coefficient-specs/

their price range is at 100k..not sure how many ppl will buy. They need to comeup with model3 price range cars

[siru]

Just now, dalapathi said:

Stock price 200-300 ante, Market cap 320 bn -480 bn. Chaala years padtademo antha reach avvadaniki.

true. I dont see that happening. They are far behind tesla in terms of driving data and idk how much of charging network they are planning to build

[hyperbole]

7 minutes ago, dalapathi said:

Stock price 200-300 ante, Market cap 320 bn -480 bn. Chaala years padtademo antha reach avvadaniki.

At current price they are 30 billion company - their ceiling is definitely 10X as they want to become a mirror image of Tesla an energy company - they are planning to sell high density batteries like Tesla wall and solar solutions as well. If they are successful in the launch of Lucid Air - the speculation will drive the price to crazy highs. 200 is not so far off.

[hyperbole]

14 minutes ago, siru said:

their price range is at 100k..not sure how many ppl will buy. They need to comeup with model3 price range cars

It is meant to differentiate from the rest. It wants to be a class apart, Ferrari makes 8000 cars/year but they are a $60 billion company

That said there is a follow up $77,000 car when ofcourse after they maximize the profits selling the $150,000 versions like Tesla did