Tesla investor Ross Gerber expressed his admiration for BMW’s BMWYY latest electric vehicle, the i7, suggesting it could pose a significant challenge to Lucid Motors LCID.
What Happened: Gerber tweeted about his newfound fondness for the BMW i7. Describing it as “beautiful,” he hinted that the high-end electric vehicle might overshadow Lucid Motors in the competitive EV space.
“Fell in love with D's new EV. The BMW I7. It's beautiful and might kill off the Lucid. High end EVs looking better and better. $LCID $TSLA,” his tweet read.
See Also: More Sustainability, Less Carbon: BMW Commits to Hemp and Recycling
Why It Matters: BMW launched an updated lineup of security vehicles within the luxury sedan category, revealing two versions inspired by the latest BMW 7 Series. Among these, the BMW i7 Protection stands out as the first-ever all-electric armored sedan globally, while the traditional combustion-engine BMW 7 Series Protection ensures superior security as well, according to the automaker.
Both the BMW i7 Protection and BMW 7 Series Protection have been certified to provide VR9-level protection, according to official testing standards. These vehicles are designed to offer tailored safeguarding against firearms and explosives, specifically for individuals facing higher security risks.
The BMW i7’s electric drive system aligns with BMW’s sustainability goals, as the company has been focusing on eco-friendly initiatives, including the use of sustainable materials like hemp in their vehicles.
Read Next: BMW’s Ambitious Goal: Reducing CO2 Emissions by Over 40% by 2030
Image Via Shutterstock
Engineered by Benzinga Neuro, Edited by Pooja Rajkumari
The GPT-4 Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.