In this video I talk about the new Lucid Motors Factory expansion, which will increase their production from 30,000 vehicles a year to 90,000 vehicles a year. I also talk about the wider market and NDRA, a new stock.
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Over the last week, CCIV has fallen from its highs of around $60, to lows of $20.40, before bouncing up a little on Friday through to Tuesday. This price action is in line with the wider market.
I cant say for sure whether we're out of the woods yet in terms of the market correction, I think we will see over the next week or two.
Lucid Motors have recently received approval to expand their current production facility from 820,000 square feet to over 2.4 million square feet. All this extra space means additional machines and more people, which will lead to their production numbers increasing from 30,000 a year to over 90,000 a year.
I think that this expansion could come fast. Peter Rawlinson recently said in an interview that he wants to spend over $10bn in the next 4 years. With that money he could build the chinese facility, Saudi facility, phase 2 expansion and maybe even phase 3 expansion.
In terms of NDRA or Endra Life Sciences, this is a company similar to Butterfly, which Ark Invest and Cathie Wood are investing heavily into. NDRA will be receiving an FDA decision in the next month or two, having submitted for approval back in June 2020.
this is Endra's first attempt at FDA approval so it's not guaranteed, as their previous devices have been for animals and have not required FDA approval. The TAEUS technology can be used with any B mode ultrasound machine.
The NDRA CEO estimates that over 30% of US citizens have some form of non-alcoholic fatty liver disease and thererfore this product could sell fast. it is also 50x cheaper than an MRI scan but produces the same results, as such, this product is genuinely useful to the medical field.
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