As the battle for the electric vehicle market heats, more companies are emerging to try to take the crown from Tesla (NASDAQ:TSLA). Multiple competitors are targeting very specific niches in order to take market share away from the EV giant. One company that caught my eye is Lucid Motors (NASDAQ:LCID), which is targeting the extremely lucrative “luxury” market. LCID stock had made quite the impact on the market running up to an all-time high of $60 post-SPAC merger.Source: ggTravelDiary / Shutterstock.com
The stock has since dropped down to earth and has been languishing near its support level at $16.50.
However as the company’s first production vehicle moves closer to release, investors may consider a position in what could be the hottest new EV company.
LCID Stock the TSLA Killer?
Anticipation is starting to build up for the Lucid Air, the company’s first luxury sedan. Could this car be the “Tesla” killer we have all been waiting for? All indications say this may very well be. According to the publication Motor Trends, the Lucid Air is “An Absolute Mic Drop” and a legitimate threat to Tesla and other luxury car manufacturers.
The publication got to test drive the 2022 Lucid Air Dream Edition R. The author praised the Air’s handling and its range stating “I assumed the Air Dream Edition R would be decent enough to drive around big sweepers, but about 10 miles into our run up Angeles Crest Highway, I discovered the car enjoyed being manhandled through tight corners. The harder I pushed, the better the Lucid Air got.”
This type of tight handling is absolutely essential for car enthusiasts who will be among Lucid’s first customers.
Apart from the handling, Motor Trends also praised the car’s gorgeous interiors, a slight dig at Tesla. The publication was also able to confirm Lucid’s range advantage over Tesla. According to the Environmental Protection Agency, the Model S has a range rating of 405 miles. These are tested under very specific conditions by the EPA so the actual range is probably slightly less.
On a single casual test drive, Motor Trends calculated that the Lucid Air could go between 475-517 miles. This figure easily bests Tesla’s current range.
The Lucid Air Gets Its Own Event
Lucid Motors is gearing up to make a splashy debut. Hot on the heels of a glowing review by the Motor Trend publication, Lucid is opening its doors to the public. The company recently announced a series of events called Production Preview Week at AMP-1.
These events will take place in late September and will showcase to the press and investors the company’s AMP-1 factory. Guests in the event will get to observe Lucid Air’s production process as well as learn more about the company’s technology.
The AMP-1 is Lucid’s state-of-the-art manufacturing facility completed last December. This facility is a greenfield project dedicated primarily to EV production, the first of its kind in North America. The term “greenfield” means that the factory was constructed from scratch with electric vehicles in mind. This means that Lucid was able to design an ideal setting. This will eventually lead to greater manufacturing efficiencies and more consistent product quality.
This event has the potential to drum up hype and enthusiasm for the company. A successful showing has the potential to send LCID stock much higher. This is similar to Tesla’s own Tesla Day where Elon Musk would present new vehicle features. TSLA stock would surge higher upon a successful event.
Only time will tell if CEO Rawlinson has the same levels of charisma as Elon Musk. However, given what we know of Lucid Air, there is a strong possibility that he will knock it out of the park.
The commercial release of the Lucid Air should be good news for investors. I believe the LCID stock has plenty of upside from current price levels.
On the date of publication, Joseph Nograles did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joseph Nograles is a part-time freelance copywriter focused on the financial industry. He has worked in a wide variety of industries from tech to consulting with one of the “big four.” He has always enjoyed analyzing businesses and has been a CFA charterholder for nearly a decade now.
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Aldoro Resources covering all bases with rubidium, lithium, nickel, copper, gold and more in rock chip samples
Special Report: Aldoro Resources is covering all bases across its diverse prospects in WA, posting high-grade rock chip assays for … Read More
Aldoro Resources is covering all bases across its diverse prospects in WA, posting high-grade rock chip assays for a suite of metals including gold, copper, nickel, lithium and rubidium.
Junior explorer Aldoro (ASX:ARN), is using grassroots exploration techniques to improve the surface geochemical knowledge of its tenements across the Wyemandoo pegmatite, Narndee Igneous Complex, and Quandong Well target, collecting 20 rock chip samples.
Evidence of mineralisation across pegmatite, magmatic nickel-copper gossan and VMHS gold-copper targets was uncovered at all three targets.
Samples from the Wyemandoo pegmatite returned top grades of 0.80% rubidium and 0.81% lithium.
The results are exciting after Aldoro recently identified world-class rubidium potential of its nearby Niobe project, and warrant drilling investigation.
At Narndee, top results from samples included up to 0.37% nickel, 0.15% copper, 0.09% cobalt, 27ppb palladium and 22ppb gold.
That included two samples taken from gossans within a couple of kilometres of the VC1 target, where Aldoro struck magmatic sulphides in the first drilling undertaken at Narndee in a decade.
Meanwhile, sampling at Quandong Well returned best results of 1.93g/t gold and 0.45% copper.
BHP subsidiary Dampier Mining explored Quandong Well in the 1970s, drilling 31 holes for 1731m that are yet to be compiled and validated by Aldoro.
The old timers reported significant copper, zinc, and gold results in oxide phases close to the surface, grading into a sulphide assemblage of pyrrhotite and chalcopyrite at depth.
The rock sampling program was an important step for Aldoro, which noted the surface geochemical dataset is inadequate over most of its tenement package.
Initial results have enabled the company to develop an industry-standard database as a launchpad to future exploration success at Wyemandoo, Narndee and Quandong Well.
Aldoro plans to complete systematic rock chip and soils sampling programs and detailed mapping over the Wyemandoo pegmatite swarm.
This will identify the most prospective zones for drill targeting and locate pegmatite strike extensions and occurrences under soil cover.
The company said field reconnaissance and field mapping will continue to locate and assess all prospective areas of the tenement package for LCT pegmatites, nickel gossans, and copper-gold gossans.
This article was developed in collaboration with Aldoro Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.asx gold lithium nickel copper zinc
Green Energy: Al Gore backs Origin’s UK energy provider and Victoria’s big battery switches back on after fire
Origin’s Octopus gets a convenient investment Former US Vice President Al Gore, of hanging chad and The Inconvenient Truth fame, … Read More
Former US Vice President Al Gore, of hanging chad and The Inconvenient Truth fame, has doubled down on his support of the energy transition since his iconic slideshow documentary came to life in 2006.
He is now in partnership with Australian generator Origin Energy (ASX:ORG), which like many other Australian power companies has faltered in recent years as energy prices have come off the boil.
It is onto a winner at the moment with its investment in UK green power retailer and tech play Octopus Energy, which banked a £211 million capital injection from Gore-chaired Generation Investment Management for a 7% stake in the firm.
That has been matched by a £36 million investment from Origin that has kept its stake at 20%, as the GIM investment boosted Octopus’ value to £3 billion (around $5.5b Aussie).
GIM has the option to double its stake before the end of the financial year, which would likely prompt Origin to exercise an option to maintain its fifth of the UK-based company.
Origin CEO Frank Calabria said Octopus has tripled in value since Origin entered the green energy play in May last year, highlighting the investment as an important growth avenue.
Octopus holds around £3.4b of renewable power generating assets and is known for releasing Kraken – not the nautically-themed rum (or crypto exchange) but an energy retail tech platform licenced to energy retailers, including Origin.
Origin’s shares were up almost 5% in early trade as energy stocks soared, with Octopus also having snared 580,000 customers in the UK from the recent collapse of energy retailer Avro Energy.
Gas prices have hit an all time high in Europe as energy prices skyrocket ahead of the northern hemisphere winter.
The International Energy Agency’s Fatih Birol has urged countries to stay the course with the transition away from fossil fuels, saying green energy policies were not to blame.
Origin Energy share price today:
Vic’s big battery back in business after fire
Remember the big fire that shut down the new Tesla battery system near Geelong?
It’s coming back online baby, after regulators told Neoen and Tesla they were all good to resume energisation testing tomorrow.
Two Megapacks caught alight during the commissioning phase in July, and several detailed investigations followed to determine the root cause.
Once the Country Fire Authority (CFA) brought the situation under control, it handed control of the site to Energy Safe Victoria (ESV), who then started an investigation into the incident to prevent a recurrence.
The investigation identified the cause as coinciding short circuits in two locations, which was started by a coolant leak outside the battery compartment.
This occurred while the Megapack was offline in a service mode that removed fault protections, enabling it to go undetected while a fire commenced in the adjacent battery compartment.
Neoen Australia managing director Louis de Sambucy said: “We have taken the time to understand the cause of the incident and we have implemented actions to ensure it will not happen again.
“We are now actively working with all stakeholders to complete commissioning and testing of the project and we look forward to sharing the lessons learnt with the industry in coming weeks.”
Independent report to highlight key learnings
Two independent groups, Energy Safety Response Group and Fisher Engineering, are compiling a report with key learnings from the fire, which will be released by November.
Key insights, including lessons for fire management and emergency response, will be shared publicly to support the relevant authorities in the deployment of battery storage technology, the groups said.
Anxiety about the safety of battery storage systems is an important fear to quell for investors in green energy.
A recent overheating incident at the world’s biggest battery in California, in batteries developed by LG, also highlighted this tension as the pace of large-scale battery developments increases.
Neoen and Tesla are continuing to work towards delivering the project in time for the Australian summer.
The Victorian Big Battery will unlock up to 250 MW of additional peak capacity on the existing Victoria to New South Wales Interconnector (VNI) over the next decade, playing a key role in the transition of the electricity sector towards lower emissions.
Fin enhances renewable case at Onslow project
At the junior end of the green energy spectrum we have a new proponent in large-scale renewable hydrogen proposals on the cards in salt project developer Fin Resources (ASX:FIN).
Its North Onslow Solar Salt Project has been radically upscaled in recent weeks as Fin looks to turn it into a multi-commodity ‘green products’ hub.
Fin says Onslow could be the perfect location for a combined solar salt, SOP, caustic soda, chlorine and hydrogen hub.
That is backed by new investigations which suggest it is perfectly located for wind and solar generation.
Consultants to Fin say its 905km2 tenement package has the potential to host some 60 GW of solar with a total wind resource estimated at 15 GW.
Fin, which is progressing a scoping study on the Onslow salt project, envisions a future two stage development that could see it supply its estimated 358MW of power needs for its solar salt, sulphate of potash and chlor-alkali product initially.
A further 29GW of solar and wind resource is outside the planned development portfolio, meaning that could present a future opportunity to move into desalination and ‘green hydrogen’.
Fin Resources share price today:
Devil in the detail for HWK gold explorer spinoff Diablo
It is unusual for an exploration company to come along with assets as advanced as those with which Hawkstone Mining … Read More
The post Devil in the…
It is unusual for an exploration company to come along with assets as advanced as those with which Hawkstone Mining spin-off Diablo Resources plans to list.
Diablo (to be ASX:DBO) will join the ASX boards in the coming weeks with a suite of three highly prospective US-based gold and copper projects – all of which are drill ready and proximate to projects of significance in their region.
The projects were formerly on the Hawkstone books, but that company has turned its full focus to lithium in Arizona (it’s literally on the cusp of changing its name to Arizona Lithium), leaving the highly prospective suite of assets to be spun into Diablo.
“I think our shareholders understand that the Big Sandy lithium project is such a large project, with lithium in Arizona ideally located, and it’s a big potential resource,” Hawkstone MD Paul Lloyd, who will also become Diablo chairman, told Stockhead.
“When we brought these gold projects into Hawkstone they were dwarfed by Big Sandy, and therefore we don’t think they ever got the market valuation that was warranted.
“We’ve done a lot of work on the projects to get them to the point where they are drlll-ready, and we think they’ll create a lot more value for shareholders in a separate entity.”
Diablo’s assets include the Devil’s Canyon gold project on the world-famous Carlin Trend in Nevada, the Western Desert gold-copper project 50km west of the Long Canyon gold mine in Utah, and the Lone Pine historical high-grade gold project 8km east of the 3-million-ounce Beartrack mine currently being explored by TSX-listed Revival Gold in Idaho.
Spicy project trio
Diablo’s name suggests heat, and the early signs suggest there’s plenty in the ground at each of its exploration projects.
At Devil’s Canyon, rock samples have returned astounding assays as high as 191.5 grams per tonne gold, 524g/t silver and 16.05% copper.
Samples from Western Desert have come in at 6.9g/t gold, 1495g/t silver and 5.09% copper, while historic drilling at Lone Pine returned assays including 1.2m at 17g/t gold and 1.9m at 12.9g/t gold with mineralisation open in all directions.
Lloyd isn’t planning on wasting any time in getting Diablo’s exploration efforts going, expecting to have approvals in place for drilling on at least one of the projects around the time of listing.
“It’s more than likely we’ll be able to commence drilling at Western Desert in Utah, which is very close to Long Canyon and a project where we’ve recorded some terrific surface numbers,” he said.
“The gravity of the work we’ve already done there to date and the other technical work we’ve completed really gives us a lot of upside and there’s potential for great early-stage results from drilling.”
Located in the prolific Carlin Trend, where almost 200 million ounces of gold have been produced over the years, Devil’s Canyon is likely to be the Diablo flagship.
Lloyd said he had long aspired to working with a project in the region, and will have the chance to do so with Diablo.
“There’s been some really impressive rock chip samples come out of there already, and it sits only 20km west of Kinross Gold Corporation’s in-production Bald Mountain mine,” he said.
“Devil’s Canyon has similar geology to that deposit. We’d love to get in there and have four or five holes completed before the weather changes.
“In this area, you’re hunting for elephants, and those rock chip samples give us an indication that there’s something serious there. We’re really looking forward to drilling it.”
Minimal modern-day exploration has been carried out at Lone Pine, where 18 shallow holes were drilled in the 1990s at the King Solomon prospect.
The project includes a high-grade zone mined prior to 1907, where maiden drilling in 2020 returned significant high-grade results.
Drone magnetics are planned for Lone Pine in Q3 2021.
Experience on the ground
Experienced gold geologist Lyle Thorne, who was previously exploration manager for NTM Gold prior to its Dacian merger, will join as CEO, while Barnaby Egerton-Warburton and Greg Smith will serve as non-executive directors.
On the ground, the company is drawing on expertise of Harrison Land Services – a Utah based consulting firm which has proved itself to have significant knowledge of the western US.
“These projects, being in Utah, Idaho and Nevada, are all fairly close to their base at Moab,” Lloyd said.
“The team is headed up by Gavin Harrison, who has more than 20 years’ experience with rigs and staking ground, and who helped us acquire these projects to begin with. He’s invaluable.”
When it lists, Diablo will do so with 74.5 million shares on issue and a market capitalisation of $14.9 million, with $6.5 million cash on listing before costs.
“I expect we’ll look really good in the first six months because we’ll have such great newsflow,” Lloyd said.
“Any exploration success should effect the share price significantly.”
Diablo is expected to list on the ASX on October 12, 2021.
At Stockhead, we tell it like it is. While Hawkstone is a Stockhead advertiser, it did not sponsor this article.
The post Devil in the detail for HWK gold explorer spinoff Diablo appeared first on Stockhead.tsx asx gold silver lithium copper tsx-k kinross-gold-corporation kinross gold corporation
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