LCIDW - Will Lucid Motors Stock Be Like Tesla?

• Lucid Motors has made its debut on the Nasdaq official late last month after shareholders approved the company's reverse merger with SPAC Churchill Capital Corp IV.
• Following completion of the transaction, the luxury EV pure-play raised cash proceeds of $4.4 billion, the largest EV-related reverse merger to date.
• Positioned as a luxury premium EV-maker, boasting the longest range capability and one of the fastest charge times, investors have begun to ponder if Lucid could become the next Tesla.
• But the EV start-up still has much to prove for its $35 billion valuation, let alone reaching the valuation prospects of industry leader Tesla.
• Yet, that is not to say Lucid is not a promising contender in the global EV race. In fact, Lucid currently offers one of the highest growth potentials despite having a lower valuation than Tesla. Lucid is well-positioned to become a prominent luxury EV maker in the long run, with significant upside potential ahead.

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