Mar 27, 2025
#122: Saudi-financed Lucid Motors is losing the race when it comes to providing electric cars for rich people. Lucid's former CEO received a 379 million dollar pay package and then resigned, and the stock tanked. Amazon-backed Rival car producer Rivian's stock is also doing poorly, and the share price of crazy guy Elon Musk's Tesla has plummeted as well.
The most offensive aspect of
these American electric car companies is their marketing. Is buying
a $100,000 sports car or SUV really going to save the
earth?