Yes Lucid Motors is at half the valuation and doesn't rely on only one customer who may not purchase any vehicles. I think this IPO will not go super well due to the valuation and Lucid will ultimately benefit from the attention.

I'm surprised they didn't price a bit lower so they could guarantee a first day pop. At this price, many of the people I know who have loved Rivian for years will not be buyers. I'll be curious if there are enough others to support the valuation. I believe it will be the second most valuable car company after Tesla?