Why I don't think Lucid will be the "next Tesla":
Simple, competition. $Tesla(TSLA.US$ was at the right place at the right time, and started up against almost no one. Lucid does not have this luxury, there's other options on the market. Using the "sell the most expensive model first" strategy $Tesla(TSLA.US$ used might not work here.
Traditional car markers are in the game now, luxury makes like Mercedes and Porsche who likely eat thier cake.
Conclusion: Maybe buy short-term puts. Or don't, IDC, I might end up being the retarded one. MARKET HATES LOGIC WHEN IT COMES TO EV STARTUPS.
I'm bearish on $Lucid Group(LCID.US$ . Think it's going to ultimately flop. $Rivian Automotive(RIVN.US$ has a better chance tbh.
Traditional car markers are in the game now, luxury makes like Mercedes and Porsche who likely eat thier cake.
Conclusion: Maybe buy short-term puts. Or don't, IDC, I might end up being the retarded one. MARKET HATES LOGIC WHEN IT COMES TO EV STARTUPS.
I'm bearish on $Lucid Group(LCID.US$ . Think it's going to ultimately flop. $Rivian Automotive(RIVN.US$ has a better chance tbh.
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