- 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.
For further details see:
3 Reasons To Avoid Lucid Motors As The Merger Vote Nears