Lucid Group Inc (LCID)

[CPM]

KEY TAKEAWAYS FROM CNBC INTERVIEW

1) $CCIV Secured $4.5 Billion through SPAC and PIPE; Tesla only secured several hundred million at IPO and had to keep getting cash injections. LUCID's future secure into 2023 with current funding which is HUGE.

2) $CCIV $4.5 Billion will fund: Phase two of the factory in Arizona. Add more than 2,500 hourly and salary manufacturing employees. Bring all four trim levels of Lucid Air into production and we can get Project Gravity well along the path to production with prototypes built and a lot of testing under our belt. Sales and service and R&D activities that we have got a very clear runway with the security of funding. We’re in a very, very healthy position.

With regard to marketplace differentiation: Lucid is all in-house developed, designed, engineered and manufactured. Vertically integrate your core IP. Only Tesla does that today.

Transcript:
https://www.sec.gov/Archives/edgar/data/0001811210/000110465921037363/tm2110028d2_425.htm

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