In fact, in my free e-letter, Hypergrowth Investing, I cover emerging megatrends and high-risk, high-reward stock picks each and every day. Yes, long-term, CCIV stock will score investors big returns, but it’s far from the only hypergrowth stock on my radar. Lucid is but one of my top picks in the Next-Gen Mobility world. While “haters” will continue to complain about the lack of delivery volumes and valuation - the same complaints levied against 2015-era Tesla - we’re going to sit back, watch and enjoy the show as these great people change the world.
These people are going to do something special. Many have a long history of successfully launching world-changing hardware products.Īnd that’s why we have the utmost confidence in Lucid Motors - we have confidence in the people. Lucid Motors is a collection of some of the brightest minds and boldest visionaries in the automotive space. Great people build great products and services. Lucid’s vice president of program management, Achim Pantfoerder, helped engineer the first iPhone, and Lucid’s vice president of software validation, Margaret Burgraff, helped launch the iMac.Īnd then there’s Sherry House, Lucid’s chief financial officer, who hails from Waymo - the world’s top self-driving company.ĭerek Jenkins, Lucid’s vice president of design, has previously led design work at Mazda (OTC: MZDAY), Volkswagen (OTC: VWAGY) and Audi.Įugene Lee, Lucid’s senior director of advanced driver-assistance systems, pioneered the Super Cruise driving system at General Motors (NYSE: GM) Lucid’s Exceptional Team, Vision and Potential Two other Lucid executives contributed to Apple’s successful products. He’s a longtime Apple executive who also helped in creating the iMac, Airport and Apple TV. Michael Bell, Lucid’s vice president of digital, is widely considered to be one of the most influential people in helping develop the original iPhone. Lucid also has some of the same “DNA” that is responsible for making Apple (NASDAQ: AAPL) successful. Lucid’s vice president of manufacturing used to be Tesla’s vice president of production.Īnd their senior director of sales was formerly Tesla’s lead of sales operations. Their vice president of supply chain, Peter Hasenkamp, previously established and executed the sourcing plan for the Tesla Model S. Lucid’s top lawyer, Jonathan Butler, was formerly Tesla’s second-in-command lawyer. He even planted the seeds for the Model 3 launch. Meanwhile, Lucid’s chief engineer, Eric Bach, helped launch and grow the Model S and Model X brands at Tesla. He’s the guy who basically engineered Tesla’s first flagship EV. Lucid CEO Peter Rawlinson was the vice president of vehicle engineering at Tesla and was the chief engineer of the Model S. We fully believe that the Lucid Motors team can achieve the same success in the coming decade that Tesla achieved in the previous decade.įor starters, we’re confident because some of the exact same people are involved. Lucid Motors is just some people with a game-changing vision. But there’s nothing concrete - nothing that demonstrates tangible EV market dominance - for investors to get their hands on. We can get a decent picture of demand for their vehicles by looking at reservations. There have been no deliveries of its flagship EV. Lucid Motors reminds us of Tesla back in 2010.
Now, it’s time to take a leap of faith with another EV maker - Lucid Motors (NYSE: CCIV). They believed in Elon Musk, the talented team of individuals he surrounded himself with and their collective ability to execute on a world-changing vision that would one day reshape the automotive market we thought we knew.Ī decade later, investing in Tesla’s team and its dream has paid off. Rather, investors were investing in Tesla because of its people and what they saw it someday becoming. Tesla had yet to truly take the auto world by storm. Investing in the FutureĬlearly, when it came to investing in Tesla in 2010, investors weren’t investing in an enormous EV giant. If you had invested in the beginning - if you’d have seen Tesla’s determination and vision rather than the numbers that supposedly described the company’s success - then you’d be sitting with some extremely impressive gains.Īnd remember, Tesla split its shares 5-for-1 in 2020, meaning that if you bought TSLA stock at its stock-split adjusted price of $3.80 per share in 2010, it would be worth around $$644 currently. Back to 2021, we now have TSLA stock costing several hundred dollars a pop.
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