If the Stock closes tomorrow at $85 a share they will have the same Market Cap as Lucid. RIVIAN has 4 times the number of Reservations as Lucid. So a closing price of over $90 tomorrow is not unreasonable.
If you can pick up shares at $35 in the near future then you will never see your RIS. A $35 price would mean they were in big trouble and delivering very few if any vehicles. By the way the original investors ie Amazon and Ford cannot sell their shares for x number of months.
Based on Lucid’s price this morning the Market cap($73b) is 10% higher than RIVIAN at the proposed opening price. They have 14,000 reservations. Doesn’t make sense.
The increased price is based on demand for shares. Most likely there is more demand for pre IPO shares then shares available. So by raising them it helps to fix this imbalance. I have purchased many IPO’s and I’m having difficulty getting, from my Morgan Stanley Broker, many additional pre IPO...
So obviously you should wait a few years to buy it. We will know in a few weeks who was right. However right now the stock is over sold. So someone thinks it’s going up.
Interesting that Lucid traded today at over $40 and they only have 13,000 orders including orders from Saudi Arabia their second largest market based on initial reservations. Their main investor is from Saudi Arabia.
Morgan Stanley says Lucid will drop 67% in the next 12 months to $12 a share. This would cut their market value to under $16b. If that happens RIVIAN would be worth almost 4x Lucid. That seems out of balance. The 67% drop may be extreme. Interesting that Morgan Stanley is saying this as they...