Meet the EV Rival Gunning for Tesla’s Market Share

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Tesla (NASDAQ: TSLA) has achieved a significant first-mover advantage in electric vehicles — but as the demand for EVs grows, so does competition. One EV rival that deserves closer analysis is Lucid Motors, currently planning to go public via a merger with the SPAC Churchill Capital IV (NYSE: CCIV). Lucid’s performance and price superiority over Tesla could reward early investors with multibagger returns over the next decade.

Lucid Motors’s Air EV aims to take on Tesla. Source: Lucid Motors.

Head-to-head with the big dogs

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