To watch the full episode, head on over to our sister channel at Hypergrowth Investing — https://www.youtube.com/watch?v=kYGQxJ_Vyf4&t=1s
There’s just so much to love about Lucid (NASDAQ:LCID), including its Lucid Air Dream Edition — the first car with the talent, technology, resources, and experience to beat Tesla in the EV game. But what places Lucid stock among today’s long-term winners? I see many reasons…
For starters, the best technology always wins out when it comes to tech megatrends. Sounds simple, but most folks seem to miss this. So, it’s no surprise that my bullishness on LCID is derived from its elite EV technology and talent. Lucid’s team comprises folks from the two best consumer hardware companies on Earth — Tesla (NASDAQ:TSLA) and Apple (NASDAQ:AAPL).
The brain-drain from Tesla began with Lucid’s creation of a drive unit half the size of its competitors’. It’s the densest drive unit in the EV game. And what that means is that Lucid Motors developed the foundational tech to create next-gen, super-high-performance EVs — without needing to change the design of the car.
This innovation was a complete game-changer. And engineers in the industry took notice. Specifically, Tesla engineers took notice. And more than 300 of them ended up jumping ship to help Lucid scale this drive unit breakthrough into the future of EVs.
Headed up by the best of the best, Lucid is likely to hold its lead in the premium electric car space.
On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.