$NIO Inc.(NIO)$ $Tesla Motors(TSLA)$$Lucid Group Inc(LCID)$ Tesla and Lucid can't afford to compete with the NIO ET7 or ET5. Tesla would have to build all of their cars in China or forget it. For Lucid the thought that they can build world class cars in Saudi Arabia dont mesh with the high cost of a supply chain in the middle east; with no materials available.
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