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 gon na 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.