Better EV Stock: Lucid vs. Tesla
(NASDAQ: TSLA) has been the role model for a host of electric vehicle (EV) start-ups. The reason is pretty clear, given that it has successfully traveled the path from a start-up with no product all the way to a full-fledged automaker competing, very competently, with the larger legacy brands. But is it worth buying Tesla or a company attempting to follow in its footsteps, like Lucid Group (NASDAQ: LCID)?
From a big-picture perspective, Tesla has gone from a money-losing start-up to a sustainably profitable business. That's not a small task when you consider that it is building vehicles in a capital-intensive industry that is fiercely competitive. It was not a quick or easy path, and Tesla's business spans more than just making cars. However, today, it is one of the most important and closely watched automakers in the world.
Image source: Tesla.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 103 Buy predictions and 40 Sell predictions.
As a result the target price of 397 € shows a positive potential of 27.92% compared to the current price of 310.35 € for Tesla Inc.
