My lucid finally went green
I really like the company
Valuation is way too high, but if you love the company then get ready to accumulate breh.
i traded it briefly, and i do regret taking profits way too early. sold for a tiny gain cuz i decided that it's too early for me to get in. i didn't see a clear picture to scale yet.
67 bil market cap right now. that's no joke. hype is real. but for them to 10x you are looking at 670bil.
for a car company to become a 670bil market cap they better become more than a car company like tesla. for your note, Ford is like 77bil. and that's after a major ressurection.
lucid must become a solid #2 to for a long haul to justify their valuation. It means they must get into a robotaxi business, continue to increase volume and products. they gotta stay relevant for 10 years.
so basically it's all about the vision and execution. I ain't confident enough to invest in a noob company like that. not yet. they got a sexy product that drives well. that's very tough thing to do. but shyt happens to a car company in the growth stage.
maybe they will become the next tesla, but i won't go long term unless i see a clear picture to 10x. that's just me. if i have to bet my money, i bet my on tesla to 10x faster than lucid.