Lucid: On the Road to a $100 Billion Market Cap? This Analyst Says ‘No’

Motley Fool

Lucid Stock: Bull vs. Bear

It wouldn’t be an exaggeration to call Lucid Group (NASDAQ: LCID) one of the hottest electric vehicle (EV) stocks out there right now. As of this writing, Lucid is commanding a market capitalization of nearly $85 billion, blowing past Ford and way ahead of Nio’s (NYSE: NIO) $65 billion in market cap. Sure, the company’s electric cars are making heads turn, but Lucid has barely started delivering its first car, called the Air, and hasn’t even given out its first official revenue numbers.