LCID - Why The 'Car Of The Year' Isn't Likely To Be The 'Stock Of The Year'
- Both Rivian Automotive and Lucid Group are typical “bubble stocks.” Many investors clearly think that Lucid and Rivian are “the next Tesla,” and therefore they will race up in price to have similar market valuations.
- Due to an acute shortage of lithium-ion batteries, the entire automobile industry is being held back by both battery and semiconductor chip shortages.
- As for fossil fuel use in cars and other applications, at COP26, the U.S. agreed to stop using fossil fuels for electricity generation by 2035. I think this is not going to happen, since we will still need lots of natural gas in 2035.
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Why The 'Car Of The Year' Isn't Likely To Be The 'Stock Of The Year'