Wednesday, June 24, 2026

40 billion dollars, but no cars yet


SecondFirst of all, Peter Rawlinson had to laugh when he heard this question: an automaker has not delivered a car to a customer, and it was valued at about $40 billion when it went public. Isn’t this completely crazy? Maybe Rawlinson thinks this is a bit sporty, but his answer is of course very different. After all, the British are the owners of the same car manufacturer: this California-based startup is called Lucid Motors, and most motorists will never have heard of this name.However, investors are very enthusiastic-so Lucid made its debut on the American Technology Exchange Nasdaq The stock market value this week is equivalent to about 40% of the value of the Stuttgart Daimler Group.

Marcus Thaler

Economic editor of the Frankfurter Allgemeine Zeitung.

How crazy is that? Rawlinson replied: “I look at this in the long run.” The important thing is that Lucid is now delivering an excellent car to the customer. He said, and then the assessment is reasonable. Also: $40 billion, which is only a small part of the value of electric car manufacturer Tesla-so from this point of view, his company is not that expensive. The boss of Lucid reported in an interview in New York that the conversation with FAS took place the day after the spectacular IPO, and Rawlinson was clearly in an offensive mood. His message to Germany: His main competitor is not Tesla boss Elon Musk, but Daimler CEO Ola Kalenius.



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