TipRanks
Lucid: On the Road to a $100 Billion Market Cap? This Analyst Says ‘No’
The EV trend is at peak hysteria levels right now. Rivian’s share price has gone through the roof even after its public debut last week made it 2021’s biggest IPO, with the company already valued at just under $130 billion. However, Lucid Motors (LCID) is giving the new EV star a good run for its money, with shares up by 118% over the past month alone; Lucid’s market cap now stands at just under $90 billion. Investors have cheered on a steady stream of recent positive developments; the company m
