1 Green Flag and 1 Red Flag for Lucid's EV Dreams
Lucid Group (NASDAQ: LCID) has gained a lot of attention since it went public by merging with a special purpose acquisition company (SPAC) earlier this year. The electric vehicle (EV) maker only started shipping its first batch of vehicles in late October, but it's already valued at more than $74 billion.
That's 34 times the $2.2 billion in sales Lucid hopes to generate in 2022 by shipping 20,000 vehicles, and makes it nearly as valuable as Ford (NYSE: F) -- which shipped 4.2 million vehicles last year but trades at less than one times this year's sales. Tesla (NASDAQ: TSLA), which shipped 627,350 vehicles throughout the first three quarters of 2021, has a much higher market cap of $1 trillion, but still trades at 20 times this year's sales.
Image source: Lucid Motors.
Source Fool.com
