TSLA - 3 Reasons To Avoid Lucid Motors As The Merger Vote Nears

• Lucid is aiming to establish itself as a leader in EV, and push the definition of 'luxury' beyond the current expectations.
• However, the company's implied $30B+ valuation post-merger at current share prices does not look to provide an attractive entry opportunity.
• A lack of a first-mover advantage and luxury market target could keep it confined to a small market share.
• Optimistic growth projections and an insinuation of Air discontinuation in 2024 raise risks to execution, although those rosy projections are needed to secure high amounts of funding.

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