Update - June 21, 2022

Perfect Timing for Lucid

“Two of my employees broke down and bought electric cars last week,” a fellow businessowner said over the weekend. “Gas is simply too expensive.”

They’re not alone.

New electric vehicle (EV) registrations jumped 60% during the first three months of the year.

Right now, EVs comprise nearly 5% of the entire new-car market – an all-time high.

Tesla, of course, owns the largest share of the market, at nearly 70%. But the competition is gnawing at its heels… causing some serious pain.

Ford, Kia and Hyundai all saw big jumps in EV sales in the first quarter. And now General Motors is gearing up for the fight, with plans to put several dozen EV models into its lineup.

But you know where my focus is… on Lucid Group (LCID).

Ford and GM can fight for the low-margin heart of the market. As the share price (and bankruptcy) history of the last two decades will show, it’s a tough place to be. It doesn’t take just one or two strong cars to make good money… It takes an entire lineup. Just one misstep can take years to fix.

Plus, when we’re talking about businesses with a century’s worth of history, scale and pensions… it takes a lot to get them moving.

That’s not the case with a small, upmarket company like Lucid.

Without a doubt, it’s in growth mode.

Big Opportunity

In May, the company purchased another 120 acres in Casa Grande, Arizona – the home of its manufacturing plant. It plans to triple the size of its current facility and hire another 1,000 workers.

And we’ve recently gotten word that the company has leased another 116,000 square feet of industrial space in nearby Tempe.

What’s most interesting is that Koam, a leading logistics firm, just inked a similar deal in the area and plans to bring more than 40 workers to its new facility over the next few months.

The company specializes in returnable packaging solutions for carmakers but is moving to its new facility to work almost entirely with Lucid.

Companies like this flocking to the young EV maker shows the excitement and growth potential of Lucid’s business. They’re not taking over buildings and hiring scores of employees because they see a lot of risk and high costs.

They see big opportunity with Lucid.

Show, Not Tell

Proving the idea, there was a big event this weekend in Denver, Colorado, during which Lucid opened its 27th “studio.”

These studios are ultra-high-end showrooms where prospective buyers can explore Lucid’s cars, the technology within them and even the company behind them.

The more than two dozen studios now operating throughout the country show Lucid’s immense growth potential.

It’s coming at the perfect time. Tesla is having some severe growing pains. The mainstream automakers are fighting to the death to win the EV market. And yet buyers are lining up to get in on it all.

Clearly, it’s an ideal time to load up on shares of Lucid.

If you haven’t yet… do so today.