Tesla (NASDAQ: TSLA) has achieved a significant first-mover advantage in electric vehicles -- but as the demand for EVs grows, so does competition. One EV rival that deserves closer analysis is Lucid Motors, currently planning to go public via a merger with the SPAC Churchill Capital IV (NYSE: CCIV) . Lucid's performance and price superiority over Tesla could reward early investors with multibagger returns over the next decade.
Lucid Motors's Air EV aims to take on Tesla. Source: Lucid Motors.
Head-to-head with the big dogs
For further details see:
Meet the EV Rival Gunning for Tesla's Market Share