2 Electric Vehicles Lucid Doesn't Make -- and Shouldn't
Sometimes, when you zig and everyone else zags, you come out ahead in a big way. That's similar to what Lucid Group (NASDAQ: LCID) seems to be doing with its product pipeline strategy. At a time when most automakers are engaged in a race to the bottom -- offering affordable electric vehicle (EV) around $20,000 to $25,000 -- Lucid doesn't want much to do with that market.
In fact, two historically important types of vehicles won't be found in Lucid's product pipeline -- but should investors be concerned?
Lucid has turned in a strong three quarters of 2024 deliveries, with three consecutive company records. The young EV maker just started selling the Gravity SUV this month, its second vehicle after its initial luxury Air sedan, and it announced at least three upcoming midsize EVs, with production to start in late 2026.
Source Fool.com
