3 shocking lucid graphics that will leave you speechless

Although new to public markets, Lucid group (NASDAQ: LCID) wasted no time making a splash with its eye-catching design and record breaking performance. The company’s proprietary electric vehicle (EV) powertrain technology is so impressive that the Lucid Air sedan has been awarded MotorTrendCar of the year 2022.

Lucid Group’s stock price has gone from less than $ 20 per share to over $ 60 per share in the past three months. The volatility is insane, but there are even crazier economic visuals you have to see to believe.

Here are three charts and tables that demonstrate why Lucid is the hottest electric car inventory right now.

1. Monolithic milestones

Lucid cannot compete with traditional automakers in terms of production volume, price, or pedigree. But it can go hand in hand with technology. The 19-inch and 21-inch wheel versions of the Lucid Air Dream Edition and the Air Grand Touring hold the six highest range ratings from the Environmental Protection Agency (EPA).

Data source: Lucid Group. Note: The estimated range is based on the EPA scores.

History tells us that competing in the luxury sedan market is a good way to go bankrupt unless your product stands out. What sets Lucid apart from the competition is its efficient battery pack that allows the car to travel greater distances with less power. Lucid has repeatedly said that its technological advantage is the key to developing a reputable brand. It controls its design and manufacturing process as much as possible by building the integrated powertrain in-house at its plant in Arizona.

2. Outperform other automotive stocks

2021 has been a fairly good year for automakers in terms of market performance. You’re here, Ford, General Motors, Volkswagen, Honda, and Daimler, among others, all beat the S&P 500. Then there’s Lucid, which has seen its share price quadruple since the start of the year.

LCID data by YCharts

The end result doesn’t tell the whole story. Lucid saw its stocks languish for most of the year due to doubts about its ability to complete its merger with Churchill Capital IV. The merger was vital because it gave Lucid the $ 4.4 billion in cash needed to start manufacturing. After the merger, it was doubtful that it would achieve mass production and deliveries to customers in 2021. Lucid has achieved all of these goals and continues to deliver on its promises. Staying true to his word and setting ambitious goals for 2022 are the main reasons investors are piling up in growth stocks.

3. Fierce competition

Be appointed on MotorTrend The Car of the Year 2022 is all the more impressive when you look at the past decade of winners.

The data source: MotorTrend. ICE = internal combustion engine. VE = electric vehicle.

The Lucid air is the third EV to win the award alongside the Tesla Model S and the Chevrolet Bolt. It is also one of the few companies (along with Tesla) to win the award less than 15 years after its existence.

Is the price worth the potential?

Lucid’s stock prices are likely to remain volatile for the foreseeable future as investors value the company for its ability to meet and exceed expectations. As the investment thesis unfolds, the sales and profitability of the business will be highlighted. For now, Lucid remains a high-risk, high-reward game in the EV space. The potential is undeniable, but Lucid has a lot to prove to justify that he is worth the current market cap of $ 84 billion that his stock is valued at.