In this video I talk about why Lucid Motors is MORE than just a car company. They are an Industrial Scale Energy Storage Company and a Tech/Software company also, branching out into many different industries.
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Lucid Motors have been setting their sights on industrial scale energy storage systems and... personal energy storage systems, that blow Tesla's powerwall out of the water. Tesla's powerwall holds around 13kwh of energy, whereas the Lucid Motors/CCIV stationary storage system holds 300kwh. Wow.
Lucid motors are also fully integrating their stationary storage with the Lucid Air and the Lucid Solar Panels, so the Lucid Air can be charged by the energy storage system, but also power the entire house in case of power cuts.
Lucid Motors are currently in talks with the Saudi PIF about these energy storage devices. This could be a great revenue stream for Lucid, as they will soon be selling a LOT of vehicles in the middle east if they open a Saudi based factory. Lucid could incentivise their customers to not only sell a Lucid Air, but the whole package including the solar panels and storage system too, by offering discounts.
The storage systems will also be cheap to produce, as they are made from the same batteries used in the Lucid Air can can even be built from second hand batteries.
My CCIV Price Target is based on a 20x future sales to market cap multiple, similar to Tesla. Based on 2x the sales per the investor presentation. I think Lucid can double their expected sales by opening a Saudi factory and Chinese factory, and also by selling the energy storage system and solar panels (current forecast is based on US car sales only).
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