Will Lucid Be Worth More Than Tesla by 2040?

When Lucid (NASDAQ: LCID) went public by merging with a special purpose acquisition company (SPAC) three years ago, some bullish investors believed the luxury electric vehicle maker could become the next Tesla (NASDAQ: TSLA). Lucid was led by Tesla's former chief vehicle engineer Peter Rawlinson, and its Air sedans had a longer range than Tesla's Model S.Lucid's stock soared to a post-merger high of $55.52 on Nov. 16, 2021, and boosted its market cap to $91.4 billion. That was 150 times the revenue it would generate in 2022. But today, Lucid's stock trades at about $2.50 a share with a market cap of just $6.5 billion, which is less than 4 times the revenue it's expected to generate in 2025.Image source: Lucid.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool