Posted 1/25/2024, 11:19:08 PM
Lucid Stock Drops as Tesla Disappointment Spurs Caution on EV Startups
- Lucid's share price fell 6% on Thursday, partly due to Tesla's disappointing Q4 results
- Tesla missed revenue and earnings estimates, sparking worries about the EV industry
- Lucid is less diversified and capitalized than Tesla, making it riskier for investors
- Lucid EVs have been well received but the company has yet to prove profitable growth
- The author recommends caution with Lucid stock given consumer EV excitement is waning