1 Last Thing Lucid Needs to Prove to Wall Street

Right now, Wall Street is lukewarm on the electric vehicle (EV) industry, as sales and market share have yet to gain traction at the speed once anticipated.But at least one EV maker -- Lucid Group (NASDAQ: LCID) -- has proven capable of turning around operations. After years filled with disruptions, delays, and disappointments, the automaker has gained traction and turned in seven consecutive quarters of rising deliveries. It's proven it can design, develop, and launch incredible high-quality vehicles, and that it can attract a major investor: Saudi Arabia's Public Investment Fund (PIF).But there's one last thing Lucid needs to prove to Wall Street -- that it can package its technology and generate revenue from it, much like competitor Rivian Automotive has done with Volkswagen.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool