 Boom What's up money gigs mr. V here welcome to a new video guys so today's video we are going to talk again about Lucid model ticket symbol LCID Guys we've covered the stock here. We keep covering the stock. I'm bullish of the stock. So let's just put it aside For those of you guys that are getting into the stock or are in the stock again I try to bring as much content and information to kind of guide you because a lot of people are in panic mode I give you guys some context here So that way you can plan yourself and not hit the panic button every time the stock pulls back So that's what we're gonna cover into this video But before we get set it guys if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content So when it comes to lucid model guys again, this is a long-term play If you are somebody that understand the momentum you can actually swing trade it or you can actually just trade back and forth But for some people again myself, I do trade it. I have it long-term as a matter of fact I have a lot of it long-term. So I'm just putting that out there. This stock has been on a roller coaster It's been up. It's been down From the days that they announced their merger with CC IV So you've seen the stock go to a hive close to $60 and then pull back. We've seen it down to 15 $14 even at one point. So Expect that with a stock like this. The reason why I really love lucid model again I keep telling you guys here my comparison with lucid model and all the other companies is that lucid to me It's like you have your Toyota and you have your Lexus and you will see this comparison with That I said and see other analysts trying to use that same comparison that I've been talking about here on the channel for a while now So I anticipate that the same rocky start that Tesla went through you're gonna see that with lucid but the difference is that lucid is not gonna go through an intense Start like Tesla did Tesla was setting the the foundations Tesla was setting the Know that the path for everybody But lucid has really taken that Modified and smart fact the people that are working a lot of them are lucid even their currency or work at Tesla So they know what it takes to hit the ground and running So again, I want to cover some important information here so that that way you guys know why I keep saying Do not panic with the stock by the dip and hold it long term So I mentioned last week that there was a catalyst that was coming and so again that is September 27 and this is a regarding the fact that they're gonna open their factory to other You know media people to come in and really sad talking about the stock So expect that to happen come in but before that we've even seen that the stock actually starting to gain some momentum already Which to me It's moving faster than I wanted it to move because I was hoping that this thing will start to pick up the pace Early next week, but so far it looks like just because some analysts are picking up the pace here and started talking about it We'll see a tone if we go here the first thing that you see here is the fact that the lucid model beat Tesla for their range so when you talk about range when it comes to electric vehicle It's just pretty much when you charge your car fully. How far can it drive before you have to recharge it? So lucid is currently sitting right now at 520 miles on a charge and this is not from lucid. This is from the EPA So if he was lucid that put out his permission, I would probably say hum. I have my doubt Lucy actually estimated 500 so EPA comes and say 520 which is I mean, I think it leaves Tesla in the dust about a hundred miles That is significant with kids that tells me that their battery technology is even more efficient than what Tesla has So this is great news and people start seeing news like this That's when the stock starts to pick up and then again Bank of America Actually put this information out there that you they predict a 50% gain in lucid model So if you're anticipating 50% if the stock is currently trading right now at say $23 and some change. So we're looking at about Maybe 46 somewhere in that range that is a 50% gain So if it doubles it we're looking about 46 or even just say 45 So that is information that you want to be aware because Bank of America again Look at the comparison they comparing Lucy to Tesla on Ferrari. I mean those are big boy Names, it's not just like those are household names companies that have established know what they're doing have the Infrastructure and they have the market space that people already know that brand if they compare and Lucy today So it's just a matter of time before the stock explodes again guys I'm saying this from the perspective of somebody that's holding the stock long term So you do your homework again when this thing drops each time it drops under 20 I'm here yelling at you guys like bye. Bye. Bye. If you don't have Tesla or you think Tesla is expensive Wait, you're gonna look back and cry and kick yourself in that You know what why you didn't get into lucid because when you think takes off. It's gone It's I mean like these levels right now I'm just sitting here drooling because these levels right now. Yes, sir. Yes, sir I mean entry levels that I don't think we'll see this stock again as soon as they start putting Their cars on the street right now They're going through a production doing some testing and so you're not seeing a lot of it Once people start driving lucid for real and start posting about the vehicle online You're gonna see a complete different shift a complete shift from not just talking about it But telling you how awesome the vehicles are again as we are recording this video Lucy is currently sitting at about $23 and some change if we just go back a five day here Look at this this stock just on September 14 was trading at $18 and 17 cents And then look at that squeeze back to the upside and remember when this thing was down here We go back a month case see right here. This is August September 1st Look at that $17 and change and I screamed here actually did a story on my YouTube Telling you guys like go buy buy buy and now see look at that gain Heading to the upside which is incredible So if you missed out on this, I'll say just wait because after that September Catalyst this thing might spike up and then pull back So if you if you're looking to buy my advice would be start really small So if you have say five grand the potential to the stock you can start with a thousand dollars And they average your weight down because this is not the end of it This Lucy is gonna go up and they wouldn't send another pullback when things get quiet When nobody's talking about them for a little bit before they actually stop mass producing so Anticipate that so that's one of the reasons why I want to make sure that We cover that here on the channel again. Just to give you guys some recap here The reason why you see Lucy like running to the upside number one is that EPA put out their range to be 520 miles compared to a Tesla beating Tesla by over a hundred miles, which is crazy And then the fact that Bank of America also their analysts actually compared Lucy to Tesla and a Ferrari and then predicted 50% gain which is a good thing for for the stock So that that's the reason why you see Lucy skyrocketing to the upside This is not the end of Lucy guys and anticipate that it's gonna be some more movement coming here Remember, I think was it one of the analysts actually predicted that it was gonna get to 2829 So again, I like to see the fact that Wall Street started to cover this With or until when somebody they really started driving the car these guys They did the right also the articles and put out also a content and analysis about the stock So I'm not I'm not panicking. I'm just buying the difference as I see it. It's good for me I love the company long term and hey, what do I say if you're not in it? It's totally up to you. Don't say that you were never informed about this particular one I love Lucy and I mean if I have to buy an electric vehicle This is gonna be the first one that I probably gonna buy. I think I would buy this If Neil was in the United States, I'll try new as well, but definitely Lucy for sure So that's my take. So there you go guys. Those are the reasons why the stock is actually moving But again, if you are a long-term investor, they shouldn't really bother you if you're looking to shrink trade This is good because if you bought under that 20 and then right now squeezing all the way to 23 20 approaching 24 That's a good. That's a good place. So start looking at hey Where do I secure profit because we've seen this thing hit a ton of Resistance about 25 26. So if you can get up there, I'll say take your first set of profit If you I don't know how you you structure your profit taking if you're doing 50 50 or 75 25 Whatever way you structure your profit taking when it hits that 25 26 that's always The majority of the resistance is around that area So start looking at secure some profit before it pulls back again a little bit and who knows maybe at this time It can actually break that resistance and and set a new support So if that's the case, we'll gut that what means we're training in the right direction Which is anticipated because as they are approaching Production and start a smart fight distributing their vehicles with over 10,000 reservations I think it's a good sign for the company So let me know again in the comment section if you are a lucid fan if you're invested in the stock Again, let me know what you think what your game plan if you're new to the channel We talk about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content. Also, if you're looking to get started with investing guys We both see has a ton of promotions. I mean just go sign up deposit file box You're gonna see they're gonna drop free stocks in your account and there's a lot of free stocks You can get from them. So put the links in the description and as always do your due diligence. Don't be a greedy savage Stay motivated You