Lucid is aiming at the luxury car market which is huge and growing.Īccording to its investor presentation, revenues will grow at a 5% compound annual rate from $496 billion in 2018 to $742 billion in 2026. If Lucid is targeting a large enough market opportunity and can make, sell, and service enough vehicles to customers eager to buy - due to its superior customer value proposition - then the forecasts become more achievable. What could possibly justify such a high price? Lucid’s financial projections are exhibit A in this argument - but are they realistic? That’s “more than 10 times the market capitalization of EV start-up Fisker,” according to Barron’s, but pretty pricey for a company with no revenue. Sadly, after shares plunged 38% in pre-market trading, Lucid’s value is a mere $57 billion. How so? Before the deal was announced, Lucid was valued at $92 billion based on 1.6 billion shares that will be outstanding after the merger closes in the second quarter of 2021. Once the deal is consummated, Lucid could be worth far more. The PIPE sold for a 50% premium to CCIV’s net asset value “which translates into about $24 billion in pro-forma equity value” noted Bloomberg. You can also use a buy limit order if you want to delay buying shares until the price reaches your pre-set entry price point. It is usually a good idea to use limited orders when buying hot issue stocks such as Lucid CCIV Stock. When you finally decide what order type you will be executing, you simply hit the Buy button.That $24 billion comes thanks to a $2.5 billion capital infusion - a so-called private placement in public equity (PIPE) led by Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) - which currently owns 85% of Lucid Motors following a $600 million injection, according to The Verge - as well as BlackRock, Fidelity Management and others. You can use an instantaneous market order if you’re planning to buy shares of LCID Stock immediately at the current National Best Bid and Offer (NBBO) price. There are a variety of order types in the finance world. You can simply tap the Buy button and choose the type of buy order you want to execute. The next thing to consider is the number of units of LCID stock you want to buy. Some factors to consider include your financial status and net worth, age, and risk appetite.Ĭhoose your buy order type and make the purchase.Once you’ve successfully funded your account, the amount will reflect on your account balance and you’ll be free to buy Lucid Group Stock – LCID (CCIV) shares.It is a simple process where you can deposit from your credit card, a bank transfer to the broker’s official account, or by cryptocurrency.You’ll need to deposit trading funds into your new online account before you can buy shares.How Much Do Recruiters Make In 2023? Fu nd your new account and estimate the number of shares to buy Most brokers do not charge commissions anymore except for colossal trades. You should make inquires on the commissions and fees that your desired broker charges if they do that at all.Some good brokers offer promos that are meant to attract new potential customers like you. Another thing to factor in is the possiblity of getting bonus money or even free stocks.If you’re a novice to the stock market, it will be wise to pick a brokerage that give free or paid market analysis, tips, and financial courses.Therefore, you are required to select a good broker because who you choose today will affect the remaining stock investments you may decide to make.īefore you register with any broker, bear in mind these couple of things: You’ll need a brokerage firm to facilitate your order once you place them on your screen. The first step to buying Lucid Group Inc (LCID) Stock (previously called CCIV stock) is to pick a brokerage of your choice. How to buy Lucid CCIV stock direct – LCID Select a good broker and register with them However, the Lucid Air still can’t beat the Tesla off the line. While this is splitting hairs – a mere 60 horsepower the Lucid Air does still win out. The Lucid Air will boast a max power of 1080 horsepower compared to Tesla’s Model S Plaid with 1020 horsepower.
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