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Stock impact report

Why Lucid Is Zigging While Rival Tesla Zags [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
The development should deepen the connection between Lucid and its largest stakeholder. 10 stocks we like better than Lucid Group › While Tesla (NASDAQ: TSLA) and Lucid Motors (NASDAQ: LCID) may have more in common with one another as electric vehicle (EV) makers, they are substantially different businesses right now. Tesla has branched out to increase the number of customer segments it serves and regions it sells into, and has proven it can do so profitably . Lucid hopes to get there one day. Despite the automotive commonalities, the two competitors are approaching a similar market entry scenario in very different ways, with one seemingly doomed to fail. In terms of perspective, Tesla and Lucid seem to again see market potential in a similar way. Both India and Saudi Arabia have low rates of EV adoption, but both markets have an optimistic consumer base and some community or government support to push electric ambitions. That said, how Tesla entered India and how Lucid is sett Show less Read more
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