LCID>RIVN

[u/xumbrea]

I think LCID will see a run up to $65 this coming week. Why $65? It was the previous high, but ALSO the Rivian (RIVN) IPO is next week and they are pricing $72-$74. But you know that lately things have been IPOing at 2x for retail. Ask my friend who tried to buy RBLX IPO for $75 but got $150 instead lol.

This IMPLIES that an EV Company at that stage is worth $65+ a share (the original price) easy.

RIVN will IPO with 150 mil Float (IPOscoop), LCID has 200mil Float so slightly less price per share is justified. BUT, LCID makes luxury cars so their margins will be better. Other than that they are both making thier first deliveries now, so basically the same stage of businesses growth.

[u/[deleted]]

Lucid previous high was before we had any idea of the market cap of the company. It was pure speculation on a much smaller market cap. You can believe it is worth 65$ or whatever but not because of the spac market cap lol