LCID - Lucid: This Downgrade Breaks My Heart
2024-05-13 08:55:08 ET
Summary
- Lucid and Rivian were my previously chosen winners for their innovative and competitive products in the electric vehicle market.
- The luxury branding of Lucid may hinder its success as consumers in that market often prioritize brand image over superior technology.
- Lucid's reliance on support from the Saudi Arabian government raises questions about the actual demand for its vehicles.
The biggest metric I use every time I evaluate a company is to evaluate its product. Whether the product provides a solution, or is made thoughtfully and offers an alternative solution that’s competitive with the current “meta”, I value these companies very highly. That’s why out of dozens of EV start-ups , I chose Lucid ( LCID ) and Rivian ( RIVN ) as my winners. They provide vehicles that either fit a new niche or have superior technologies that outperform the competition. The Lucid Air has the most efficient conversion of energy out of all EVs, allowing it to reach 516 miles of range on the Touring model....
Lucid: This Downgrade Breaks My Heart