The market for EVs is in for massive growth long-term despite short-term recession fears and interest rate hikes. Yes the economy is cyclical and it always will be. Also, the market segment for large luxury sedans at $100k+ is extremely narrow but for that reason it is the preferred entry point. Lucid could never exist solely on the Air and neither could Tesla exist solely on the S. The automotive business is not for the faint of heart. It will take years for the Lucid product to function at its full potential and many more years to build out its product portfolio. It has taken Tesla 10 years to get to its current level of maturity and even now is it self sustaining? Maybe. However, the S is pretty long in the tooth and I don’t see a lot of investment in product. The automotive industry winners are always about product.
I think Lucid is a wonderful experience to be a part of. Risky? Heck yes. But whatever happens I’m joining in on the fun. Not that often in life this type of opportunity comes along. If this is not fun for you, then it may not be a good fit. A car is not worth losing sleep over. Downside? Well, 20 years after Delorean went out of business that car became worth 20x as a collectors item.
I think Lucid is a wonderful experience to be a part of. Risky? Heck yes. But whatever happens I’m joining in on the fun. Not that often in life this type of opportunity comes along. If this is not fun for you, then it may not be a good fit. A car is not worth losing sleep over. Downside? Well, 20 years after Delorean went out of business that car became worth 20x as a collectors item.