Lucid Motors and Tesla Are Different Markets: Here's Who Will Be The Winner
Tesla and Lucid are different markets. Tesla is after mass production with an executive class car. Lucid is after niche Mercedes market in the "luxury" classification.
Yes, it's true that Lucid Motors has a secret weapon of Energy Storage System. Yet, how one company leverages the chip shortage, minerals, and battery production will be the winner long term.
How many car companies came before Tesla? Many of them failed to even get to production. How many currently won’t make it to production? Tesla is definitely taking the high road and welcoming all new comers. Lucid now needs to show some class, notes Dale Feyereisen in Lucid is planning to expand in Europe and start European deliveries.
But for now, as I said above, how one company leverages the chip shortage, minerals, and battery production will be the winner long term.
Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebok, Linkedin and Youtube.