ColeHii
2021-11-19
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Lucid Stock Makes Tesla Look Cheap
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Yet, LCID stock still has a ludicrous market cap of more than $76 billion.</p>\n<p>That puts the electric vehicle startup on par with some of the biggest U.S. automakers. <b>Ford Motor</b>(NYSE:<b><u>F</u></b>) and <b>General Motors</b>(NYSE:<b><u>GM</u></b>), for example, have market caps of roughly $78 billion and $90.5 billion, respectively.</p>\n<p>These established companies generate well over $100 billion in revenue a year. Lucid, on the other hand, just reported third-quarter revenue of $232,000. That revenue wasn’t from its EV sales, though, as the company didn’t start deliveries until late October. Rather, it came from a deal with Formula E racing series for the use of Lucid’s battery-pack technology.</p>\n<p>While analysts are predicting the company will post revenue just north of $76 million for the full year, that pales in comparison to Ford and General Motors’ sales.</p>\n<p><b>Lucid’s Valuation is Just Silly</b></p>\n<p>The recent run-up in LCID stock was due in part to news the company now has more than 17,000 reservations for its Lucid Air and management saying it is on track to produce 20,000 vehicles in 2022.</p>\n<p>Even assuming all 20,000 cars are produced, and the unreserved 3,000 cars sold at full price ($77,400), that means Lucid would generate $1.55 billion next year. LCID stock is currently selling for nearly 50 times that amount.</p>\n<p><b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>), which analysts think will earn $70 billion in revenue next year, has a market cap of $1.1 trillion, or about 16 times revenue. Lucid actually makes Tesla look like a cheap stock.</p>\n<p>Lucid isn’t the only electric vehicle stock in a bubble.</p>\n<p><b>Rivian</b>(NASDAQ:<b><u>RIVN</u></b>), which went public a week and a half ago, has a market cap higher than both Ford and GM. The company has anelectric truck in production and plans to start making an electric SUV next month. It is also working on an electric delivery van, which <b>Amazon</b> (NASDAQ:<b><u>AMZN</u></b>) has ordered 100,000 of to be delivered by 2030.</p>\n<p>Investors looking to take advantage of the electric vehicle trend with less risk need look no further than Ford and GM. Both companies are investing big in the electric vehicle space.</p>\n<p>While Ford doesn’t expect to begin producing EVs till 2025, it does own about 12% of Rivian, a stake worth over $13 billion. GM plans to release at least 30 EVs by 2025.</p>\n<p>In terms of value, GM is selling for less than two-thirds next year’s projected sales, while Ford is selling for about half.</p>\n<p>What’s more, there’s something investors chasing EV stocks higher are missing.</p>\n<p><b>What EV Investors Are Overlooking</b></p>\n<p>Electric car deliveries have been delayed because electrics have a lot of electronics. But they don’t have to.</p>\n<p>Electric cars are simple machines — just a spinning drivetrain inside an electric motor. Most moving parts can be hidden in a wheel well, as we’ve seen with <b>REE Automotive’s</b>(NASDAQ:<b><u>REE</u></b>) design. With fewer moving parts, electric cars don’t break down the way gas-powered cars do, reducing the need to replace them.</p>\n<p>On top of that, there’s a second revolution coming: autonomous driving.</p>\n<p>The company says its Illinois plant is capable of making 150,000 vehicles a year and it has plans to expand its production facilities. However, Rivian has yet to report any revenue. Yet, it has a market cap of nearly $110 billion.</p>\n<p>GM is already selling hands-free driving to the tune of a 40-year-old rock anthem. Once they’re autonomous, electric cars can be sold as a service. Why buy something that sits in your driveway 23 hours a day when you can rent as much (or as little) transport service as you need?</p>\n<p><b>The Bottom Line on LCID Stock</b></p>\n<p>Electric cars aren’t like gas-powered cars. You won’t need a new one every other year. You may not need to buy one at all.</p>\n<p>Personal electric transport can be scaled to need and ordered online. It may feel sexy to have a Lucid Air now, but it could be an unnecessary luxury within a decade.</p>\n<p>Companies like Lucid, Rivian and even Tesla are selling as though 2030 transportation will be just like 2021 transportation, only hands-free and electric. It won’t be. It will be very different.</p>\n<p>Once we all have electric cars, we won’t need to obsess over them as we do our current cars, which need regular maintenance. Don’t assume the future will replicate the past and get caught in the electric vehicle bubble.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lucid Stock Makes Tesla Look Cheap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLucid Stock Makes Tesla Look Cheap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-19 19:02 GMT+8 <a href=https://investorplace.com/2021/11/lcid-stock-makes-tesla-look-cheap/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Lucid Group(NASDAQ:LCID) sold off yesterday, falling more than 10% as investors took profits. Yet, LCID stock still has a ludicrous market cap of more than $76 billion.\nThat puts the ...</p>\n\n<a href=\"https://investorplace.com/2021/11/lcid-stock-makes-tesla-look-cheap/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc"},"source_url":"https://investorplace.com/2021/11/lcid-stock-makes-tesla-look-cheap/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104507193","content_text":"Shares of Lucid Group(NASDAQ:LCID) sold off yesterday, falling more than 10% as investors took profits. Yet, LCID stock still has a ludicrous market cap of more than $76 billion.\nThat puts the electric vehicle startup on par with some of the biggest U.S. automakers. Ford Motor(NYSE:F) and General Motors(NYSE:GM), for example, have market caps of roughly $78 billion and $90.5 billion, respectively.\nThese established companies generate well over $100 billion in revenue a year. Lucid, on the other hand, just reported third-quarter revenue of $232,000. That revenue wasn’t from its EV sales, though, as the company didn’t start deliveries until late October. Rather, it came from a deal with Formula E racing series for the use of Lucid’s battery-pack technology.\nWhile analysts are predicting the company will post revenue just north of $76 million for the full year, that pales in comparison to Ford and General Motors’ sales.\nLucid’s Valuation is Just Silly\nThe recent run-up in LCID stock was due in part to news the company now has more than 17,000 reservations for its Lucid Air and management saying it is on track to produce 20,000 vehicles in 2022.\nEven assuming all 20,000 cars are produced, and the unreserved 3,000 cars sold at full price ($77,400), that means Lucid would generate $1.55 billion next year. LCID stock is currently selling for nearly 50 times that amount.\nTesla(NASDAQ:TSLA), which analysts think will earn $70 billion in revenue next year, has a market cap of $1.1 trillion, or about 16 times revenue. Lucid actually makes Tesla look like a cheap stock.\nLucid isn’t the only electric vehicle stock in a bubble.\nRivian(NASDAQ:RIVN), which went public a week and a half ago, has a market cap higher than both Ford and GM. The company has anelectric truck in production and plans to start making an electric SUV next month. It is also working on an electric delivery van, which Amazon (NASDAQ:AMZN) has ordered 100,000 of to be delivered by 2030.\nInvestors looking to take advantage of the electric vehicle trend with less risk need look no further than Ford and GM. Both companies are investing big in the electric vehicle space.\nWhile Ford doesn’t expect to begin producing EVs till 2025, it does own about 12% of Rivian, a stake worth over $13 billion. GM plans to release at least 30 EVs by 2025.\nIn terms of value, GM is selling for less than two-thirds next year’s projected sales, while Ford is selling for about half.\nWhat’s more, there’s something investors chasing EV stocks higher are missing.\nWhat EV Investors Are Overlooking\nElectric car deliveries have been delayed because electrics have a lot of electronics. But they don’t have to.\nElectric cars are simple machines — just a spinning drivetrain inside an electric motor. Most moving parts can be hidden in a wheel well, as we’ve seen with REE Automotive’s(NASDAQ:REE) design. With fewer moving parts, electric cars don’t break down the way gas-powered cars do, reducing the need to replace them.\nOn top of that, there’s a second revolution coming: autonomous driving.\nThe company says its Illinois plant is capable of making 150,000 vehicles a year and it has plans to expand its production facilities. However, Rivian has yet to report any revenue. Yet, it has a market cap of nearly $110 billion.\nGM is already selling hands-free driving to the tune of a 40-year-old rock anthem. Once they’re autonomous, electric cars can be sold as a service. Why buy something that sits in your driveway 23 hours a day when you can rent as much (or as little) transport service as you need?\nThe Bottom Line on LCID Stock\nElectric cars aren’t like gas-powered cars. You won’t need a new one every other year. You may not need to buy one at all.\nPersonal electric transport can be scaled to need and ordered online. It may feel sexy to have a Lucid Air now, but it could be an unnecessary luxury within a decade.\nCompanies like Lucid, Rivian and even Tesla are selling as though 2030 transportation will be just like 2021 transportation, only hands-free and electric. It won’t be. It will be very different.\nOnce we all have electric cars, we won’t need to obsess over them as we do our current cars, which need regular maintenance. Don’t assume the future will replicate the past and get caught in the electric vehicle bubble.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1401,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/876284792"}
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