Lucid Motors and the Struggles of Small EV Companies: A Warning for Investors

Doug McIntyre highlights the struggles of small EV companies, specifically Lucid Motors. Lucid’s stock has dropped 83% over the past two years, and the company loses hundreds of millions of dollars each quarter. Despite planning to produce 9,000 cars this year, this output pales compared to major players like Ford and Tesla. McIntyre warns investors to be cautious with smaller EV companies, as they may not survive. He suggests that while giants like Tesla and Ford will remain in the market, companies like Lucid are unlikely to stay afloat.