Here's Why Lucid Is Far Behind in the EV Race

Building a company from the ground up in a capital-intensive industry is difficult to do. It is even more difficult when that industry has a small number of large and entrenched leaders. But this is exactly what Tesla (NASDAQ: TSLA) managed to achieve, effectively creating the electric vehicle (EV) market that exists today.Lucid (NASDAQ: LCID) is trying to recreate that magic. It has a long way to go before it is anywhere near Tesla or other EV peers, like Rivian (NASDAQ: RIVN). Here's why.Before Tesla, the notion of mass-producing electric vehicles was a dream. Electric vehicles were the play toys of auto enthusiasts and a fanciful talking point for environmental buffs. Tesla changed the dynamic by, literally, building the first mass-produced EVs. They started out as high-end cars that only the rich could afford, but the costs have dropped significantly over time as Tesla has ramped up production and broadened its vehicle lineup.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool