Electric cars

Elon Musk’s Tesla loses its prestigious crown to Lucid

Elon Musk's Tesla loses its prestigious crown to Lucid

In the race for electric vehicles, Tesla (TSLA) – Get the Tesla Inc report has a considerable lead over its competitors. To fill this gap – which is far from being insurmountable – the historical manufacturers rely in particular on their tact and their experience in mass production and rate management.

Young and new car manufacturers play on quality, design and technological innovation. These assets allow them to gather forces capable of challenging the domination of Elon Musk’s group.

While waiting to produce and sell as many vehicles as the owner of the Model S sedan and Model X luxury SUV, rivals are already vying for the awards. This is the case of Lucid Group (LCID) – Get the report from Lucid Group, Inc.which counts among its shareholders the Saudi sovereign wealth fund (PIF, Public Investment Fund.)