Better EV Stock: Lucid vs. Tesla
(NASDAQ: TSLA) and its high-profile CEO Elon Musk can be polarizing. However, the automaker has achieved things that seemed impossible. It not only broke into the highly mature auto industry, it also helped to create the electric vehicle (EV) market. Could buying EV upstart Lucid (NASDAQ: LCID) set investors up for a similar success story?
Tesla was once a tiny upstart, attempting to build a business around a technology that was well understood but that hadn't gained any traction with consumers. To make matters worse, to achieve success, it had to compete against mature and well-entrenched auto industry giants.
Image source: Tesla.
Source Fool.com
Tesla Inc Stock
€345.80
0.790%
Currently there is a rather positive sentiment for Tesla Inc with 110 Buy predictions and 46 Sell predictions.
As a result the target price of 396 € shows a slightly positive potential of 14.52% compared to the current price of 345.8 € for Tesla Inc.
