Quote:
Originally Posted by TinyEvel
That is a hefty volume goal of 800k cars per year. Tesla delivered 500k in 2020 and that’s the category leader. Lucid starting with a luxury model is the lowest model volume category behind coupes. Gonna be a while before most of this plant is used but if the quality of the cars is there these guys are set up for long term succeeds. Long hold on this stock could be a good play. 25 bucks right now
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FSK starting with midsize SUV at -$30k. Subbing most production to Magna. The massive SUV market and price should translate into demand. Question is if Magna can build fast enough to fullfill the demand. Holding long to see what happens.