an award-winning vehicle was named uh motor trends car of the year recently um they're they're only producing at a very small manageable quantity where we don't think they're going to be as affected as some of the other uh larger auto manufacturers in fact the company's only planning on producing about NUMBER_TOKEN NUMBER_TOKEN of those vehicles uh next year so you know those are two top picks in the industry heading into the new year so time for a little bit of accountability garrett currently has a NUMBER_TOKEN price target on lucid stock implying a little over a NUMBER_TOKEN billion dollar valuation based on production of around NUMBER_TOKEN NUMBER_TOKEN units next year to give you guys some context that's around the same volume of vehicles that tesla produced all the way back in NUMBER_TOKEN. their market cap was around NUMBER_TOKEN billion dollars at the time in NUMBER_TOKEN when tesla was producing almost NUMBER_TOKEN times that number of vehicles almost NUMBER_TOKEN NUMBER_TOKEN for the full year this guy thought tesla deserved a NUMBER_TOKEN billion dollar market cap yet today for some inexplicable reason garrett thinks that lucid is worth over NUMBER_TOKEN billion dollars based on production of NUMBER_TOKEN NUMBER_TOKEN vehicles when tesla was only worth NUMBER_TOKEN billion on production of NUMBER_TOKEN NUMBER_TOKEN vehicles this guy has zero credibility in fact he has less than zero credibility so exciting i mean when you talk about ford and by the way these are names that you've been talking about for some time here on the show as they continue to move higher so you've been right on point with these calls with ford i saw also that they are stopping to take orders at this point now because they've such a backlog of so many orders fantastic for the company but they have to play a little bit of catch up there and as far as lucid you just mentioned car of the year which makes me think for NUMBER_TOKEN truck of the year car of the year where do you think the features will be yeah so uh with lucid we think you know since they received that honor they've received a big increase in in their reservation count and so that really sets them well up in terms of a backlog looking beyond NUMBER_TOKEN but you know the the quality of that vehicle is really on par or superior to a tesla product which is just something that we haven't seen in the industry up until now when you're talking NUMBER_TOKEN plus horsepower in a single charge range of NUMBER_TOKEN miles that is a superior electric vehicle and that's why it was named car of the year so um you know another name that we like we actually just upgraded last week following a big sell-off since mid-november is rivien so we have a buy and a NUMBER_TOKEN dollar uh NUMBER_TOKEN month price target on rivien uh they were their vehicle the rNUMBER_TOKENt was named motor trends truck of the year uh just uh in the last couple weeks so you know that's another new uh player in the ev space that we're we've turned both on i was going to ask you and that was one of the questions why i was saying truck of the year because it's it's notoriously for its f-series um and with the with the excitement and the orders that are backing up here for ford it's interesting that you brought up the rivian story now something that was in your notes is that rivien will face some chip challenges because of the multiple
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