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EV, ESG.
Reminds me of what Citigroup CEO Charles Prince said in 2007 around the peak of the housing market. "As long as the music is playing, you've got to get up and dance."
LCID - Lucid
The craziness continues...
EV start-up Lucid’s market value blows past Ford at more than $89 billion as shares skyrocket
https://www.cnbc.com/2021/11/16/luci...ike-tesla.htmlKEY POINTS
Lucid CEO Peter Rawlinson said there’s a long runway for the EV start-up’s stock and market cap to surpass traditional automakers and be valued more like industry leader Tesla.
Lucid’s market value blew past Ford on Tuesday to $89.9 billion following a 24% runup in the EV start-up’s stock price.
Rawlinson, a former Tesla executive, regularly compares Lucid to his former employer in terms of in-house technologies and overall development of electric vehicles.
Tom
Market Commentary | My Blog | TSP Talk Plus ||
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Re: LCID - Lucid
EV, ESG.
Reminds me of what Citigroup CEO Charles Prince said in 2007 around the peak of the housing market. "As long as the music is playing, you've got to get up and dance."
Re: LCID - Lucid
This is a pay site link, but the headline tells the story...
Morgan Stanley is skeptical of red-hot Lucid, says EV stock could fall 70%
paysite: https://www.cnbc.com/2021/11/17/morg...70percent.html
Market Commentary | My Blog | TSP Talk Plus |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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