Teardown Expert Says Lucid's Electric Drive System The Only Thing That Can Beat Tesla: 'Works Brilliantly Well..Like A Scalded Cat'
Portfolio Pulse from Shanthi Rexaline
Lucid Group's electric drive system has been praised by automotive engineer and tear-down expert Sandy Munro, who stated that it is the only system he has seen that can beat Tesla's drive motor. Despite facing challenges in ramping up production and selling its high-end EVs in a tough economic climate, Lucid has managed to keep operations going with the help of its Saudi promoters. The company's shares ended Monday's session down 4.73% at $5.64.
September 19, 2023 | 7:55 am
News sentiment analysis
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NEGATIVE IMPACT
Lucid's electric drive system has been praised by an expert, which could boost its reputation in the EV market. However, the company is struggling with production and sales, which is reflected in its falling share price.
The praise for Lucid's electric drive system could enhance its reputation in the EV market. However, the company's struggles with production and sales, along with its falling share price, indicate potential short-term negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Lucid's electric drive system has been identified as a potential competitor to Tesla's drive motor. This could increase competition in the EV market.
The identification of Lucid's electric drive system as a potential competitor to Tesla's drive motor could increase competition in the EV market, potentially impacting Tesla's market dominance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50