 It's coming Hey, what's up money geeks mr. V here welcome to another video guys so into this video We are going to talk about Lucy model these guys have been in the news recently because of the fact that They want to go public through a spark Right now. There's no confirmation of that information But I want to just make sure that you guys are aware and have it on your radar So that's what we're gonna cover into this video But before we get started guys, we are new to the channel We talk about how to earn money how to save money how to invest and build wealth So there's something that interests you go ahead and hit that subscribe button any notification bell So you don't miss out on new content. So lucid model is one of a luxury brand Electric vehicle manufacturer. They are not yet in production, but supposedly people are targeting these guys as Know the next Tesla or the Tesla killer As a matter of fact personally when I look at the designs of the cars Lucy cars. I really like them. They are appealing to me to look like real luxury Compared to the Tesla. I mean don't get me wrong I love Tesla what they're doing, but when it comes to their designs, I still really have some questions So when I look at Lucy, I really do enjoy the look of the car. It really looks looks very is is not just Just word of mouth, but you can see it that this is something that you can drive in a pull-up You say yeah, this looks good because we take the Tesla Model Y I mean look at that. It just can't even stand up to this. This is beautiful engineering that said well again, the reason why I wanted to bring this to you guys is because If you guys can see here most recently the news Lucy models was actually in conversation with Churchill spark to take them public So what I didn't quite see is when I looked online did researching and then try to get through all my sources None of these news was actually confirmed and again Unless church chapter is doing a good job as well as people over at Lucy doing it an excellent job I keeping this a secret. I don't think that this is yet a goal. So Last week this happened and the price of the stock just went crazy. So you can see here This is Churchill capital if you can see is one week see how the price of the stock just jumped You know went from right here train about 18 and some change 17 and then squeeze all the way to 23 And closing the week and this is again based on the fact that they're anticipating that they want to go public I know for sure Lucy want to go public because they're currently building their facility manufacturing facility over in Arizona in The way they see or who actually is an alum from Tesla This guy worked for Tesla So he knew he knows the ins and outs and all the mistakes that he saw with Tesla They he came over here with Lucy and perfected those mistakes again. That's just my personal observation That's why you see the designs of the cars are even better and right here They are claiming that the lucid air which is going to be the first one They're gonna start manufacturing and they anticipate that they want to manufacture or produce at least 7,000 of this This year yet. So and you see right here price is starting at about $70,000 and projected range is 406 mile which kind of compares a little bit to the Tesla cars And then horse power is 480. So I mean it's got it's got some some juice to it So what I anticipate again is that these guys are gonna go public how they go public is the question Right now, it's obvious that sparks will probably be the best bet for them to go public because again the company is Not profitable They don't have any sorts of revenues Like the burning money through RNG and development and building your facility So the best route would be to go through a spark where they can raise enough capital to really start producing The 7,000 cars that they anticipate producing this year. So and The one thing that I love about the CEO talking about their approach to manufacturing They're not gonna go out and bill a giga factory like Tesla does because that takes a lot of upfront capital, right? So what they want to do is they're building it in modules So they'll build a small facility to be able to produce let's say 7,000 cars and then starts killing that as they go So they're not gonna build something that they don't need now But when they need it they can expand it and go from just producing 7,000 cars, so they can produce over 40,000 or whatever number they want to so and they also have plans to start producing SUVs by 2023 they call it the project Gravity now be the name of the SUV and I don't see they don't have any pictures on their website of that yet But project gravity is their SUV that they plan on working on in that one They anticipated released it would be 2023 so that is still a long ways to go From from now so again guys just to give you guys some context here Churchill capital is a spark that is supposedly in talks right now because there's really no confirmation They have been tight-lipped Nobody wants to say anything so supposedly in talks with Lucy to take them public But again, I want to just let you guys know don't look at this video and go put money Go dump a ton of money in church a capital so be smart about it again for me I was hoping that's why I've been delayed doing this video because I was hoping that I'll get some confirmation to that when I'm telling you guys Like go buy this really it doesn't make sense But as of right now that confirmation is still not there like I said, I've reached out to people check Nothing is showing but here's one of the thing that really believe that these guys are ready They are have a position to hire an investor relations so Analysts why would she if you're not a public trader company or any of that software which you want investor relations analysts? I don't know again. This is just my speculation might be a lousy speculation but I think they are getting ready to go public and so putting just the groundwork to get that In place in in my personal opinion I think there'd be a lot of sparks that we want to take them public because of how good of a job This company has done so far in perfecting the designs and getting their cars ready for manufacturing so again, that is something that I personally I'm looking forward to so if you would ask me right now that The closest thing to Tesla in the United States as far as electric vehicles goes in terms of Prestige in terms of design in terms of ready for market I would say lucid is right up there behind Tesla looking to take up some market shares But are they gonna be a right of the bat and be Tesla and no because Tesla is doing other things that Lucy is not doing so Tesla not only produces car, but they have a battery facilities. They produce solar panels. They produce storage Mega pack storage for for energy So Tesla has some diversification their portfolio that really gives them a strong hold in this EV space whereas lucid is coming in right now Their main focus is on cars So if they can focus on cars and big Tesla in just the car space Well, I think there would be a smart move Don't try to compete with Tesla in all the other things that Tesla has going so if you're asking yourself right now Should I buy churchy capital? I would say proceed with caution Hopefully this week we should get some news about this particular stack And if we don't get any news, then I would say just pump the brakes and wait for that confirmation If you're looking to get in maybe pick up a few shares so that way if the news comes out that for real They're going out with it, you know They're going public with church Hill and then you can average your way Up but if if the news comes out that they are not then you can just liquidate and get out So that would be my strategy So definitely approaches one with huge caution because Most in most cases people want to announce and make the news So they can raise a ton of money and these guys are holding back So I would have my anticipating that these guys have they're talking to other Sparks and right now they haven't decided on who you want to go with that's just my speculation So let me know in the comment section what you think again I love lucid and I want to own a piece of the company as soon as they go public or announce They're gonna go public. I want to jump in and have a little bit of it Um, kiss me to me. They fall on the same rim as tesla as far as ev cars So let me know what you think did you already buy? Uh church Hill capital if not are you planning on buying it? Again, let me know in the comment section if you're new to the channel guys We took about how to earn money how to save money how to invest and build wealth If there's something that interests you go ahead and hit that subscribe button Indian notification bell So you don't miss out on new content and it's always guys always do your homework Don't be a greedy savage and stay motivated