Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Lucid’s average price forecast of $17 implies 49.25% upside potential.ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. Turning to Wall Street, analysts are cautious about Lucid stock and have a Hold consensus rating, which is based on three Buys, one Hold, and two Sells. The company will provide further details when reservations commence in early 2023. Meanwhile, it is also proceeding with the expansion of its AMP-1 factory in Arizona. At present, the company is on the verge of finalizing the design and specifications for Gravity. Sharing his bullish views on Gravity, CEO and CTO Peter Rawlinson commented, “Just as Lucid Air redefined the sedan category, so too will Gravity impact the world of luxury SUVs, setting new benchmarks across the board.”Įxpected to launch in 2024, the SUV’s reservation is expected to begin in early 2023. With a luxurious and spacious design and seating for up to seven people, Gravity is a “supercar in disguise and an SUV with flexible passenger and cargo space.” The company shared pictures as well as additional details related to the EV’s reservations, production, and vehicle design. ( NASDAQ: LCID) unveiled details on its upcoming first-ever luxury electric Gravity SUV. American electric vehicle maker Lucid Group, Inc.
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