PLEASE explain why Lucid is trading for $80 billion with $4 million in revenues, AND Proterra (PTRA) is trading at $2.7 billion with $70 million in revenue??
It's smart. Only the wealthy can afford it now. As they build more affordable models, the middle class will jump at the chance to get one for the image of getting a "rich person's car" alone.
That was the business model Tesla followed and LUCID is following suit.
A walk down memory lane... 2008 Tesla Motors releases the Roadster, 250 mile range, 24 to 48 hours to charge all for the price of $100,000 ($128,000 today)...think about that.
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