$340K Extravaganza: Cadillac's Celestiq Joins Elite Ranks Of Most Expensive EVs — What Does It Offer?
Portfolio Pulse from Anan Ashraf
Cadillac, a luxury brand of General Motors Co (NYSE:GM), has started production of the Celestiq EV, priced at $340,000. The Celestiq is an ultra-luxury sedan with bespoke designs for each unit, making it one of the most expensive EVs globally. It competes with high-end EVs like the Rolls Royce Spectre, Lucid Air Sapphire, and others. Cadillac's EV lineup also includes the Lyriq and the upcoming Escalade IQ.
January 19, 2024 | 1:26 pm
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General Motors has begun production of the Cadillac Celestiq EV, an ultra-luxury vehicle priced at $340,000, which may enhance the brand's image and attract high-end consumers.
The production of the Cadillac Celestiq EV is likely to have a positive impact on GM's stock in the short term due to the high price point and exclusivity of the vehicle, which can enhance the brand's luxury image and potentially increase profit margins. However, given the limited production, the overall financial impact may be moderate compared to mass-market models.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90