TSLA - Lucid Motors' Tesla-Like Rollout Strategy Is Destined For Failure
- Unlike Tesla, Lucid Motors will face a different competitive landscape that will be much harder to penetrate.
- In addition to competing with hundreds of other EV startups for market share, Lucid will also be required to secure valuable materials to prevent delayed deliveries.
- Since Lucid doesn’t have any experience in scaling its production, there’s a risk that the company will not be able to meet its sales estimates in the following years.
- We believe that it’s not worth investing in Lucid at this stage, especially since the company already trades at a pro-forma market cap of over $30 billion.
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Lucid Motors' Tesla-Like Rollout Strategy Is Destined For Failure