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I think you should average cost down, and yes worth a hold for the long haul. They say its the next tesla, CEO of Lucid is former Chief Engineer of Tesla and he actually designed the S3 model. Lucid cars have better battery -longer last 500 miles, and recharge faster. They are also going into other types of things like planes, manufacturering etc. I would definitely keep. I will buy more on these as it dips. It’s definitely a good competition to Tesla.
Thnx thx
Rising Star
The market for luxury EVs is very, very small. Keep in mind you’re investing in a company that will continue burning capital, has no charging network (outside of substandard electrify America), and has yet to go through manufacturing hell and come out the other side.
Tesla barely made it. I’ll put my money on the company that will disrupt energy as a whole vs luxury vehicles.
I think both are valid..I'm in Europe after 10 years in US. I think Electrify America is doing great..Over here there already a bunch of alternatives to Tesla Superchargers..At the end also most people charge at home. Tesla rules in EU also but Jaguars are selling good and with VW now cheaper than Tesla competition is gearing up..
Long haul for sure..I don't day trade anyway and I think that of the new EV stuff, Arrival has the best tech/design for B2B..also the only major new player in Europe.
What price point did you get in at?
Not making much as of now..but again..for the long haul on Arrival, same thing for Lucid.
Their target market has been my main concern and reason for not investing on them. EV adoption is still in its infancy. And the two biggest markets for them already have at least two better established players.
And these players have their own "higher" end models. And by the time Lucid starts to release theirs, it is not impossible that they will release something to compete with it. Plus, a lot of other companies jumping on the EV market as we speak.
Tesla and Nio I’m guessing