WHY I'M WATCHING LUCID GROUP STOCK CLOSELY EVEN IF EXPERTS THINK IT'S OVERVALUED
https://s.yimg.com/ny/api/res/1.2/tUi1NZjUBxNXvirEcuLOvg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03MjA-/https://media.zenfs.com/en/motleyfool.com/9772ad78ea8927d2fe15233314428569
βοΈ Lucid Group, an electric vehicle (EV) maker, is transforming into a tech supplier, licensing its proprietary technology to other automakers. The company has a partnership with Uber and is expected to supply 20,000 vehicles to power Uber's robotaxi service.
π Lucid Group is transforming into a tech supplier, licensing its proprietary technology to other automakers π The company has a partnership with Uber to supply 20,000 vehicles for Uber's robotaxi service π Lucid's CEO wants the company to become a 20-80 company, with 20% focused on manufacturing cars and 80% on licensing technology π The tech supplier business model could be more lucrative than manufacturing vehicles π Lucid's stock is currently overvalued
-- #PeterRawlinson #AdamJonas #business
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