Think Lucid Group Stock Is Expensive? This 1 Prediction Might Change Your Mind.

On paper, Lucid Group (NASDAQ: LCID) looks expensive compared to other electric vehicle (EV) stocks. Shares currently trade at 6.3 times sales. Rivian Automotive, a competitor, trades at just 2.5 times sales.Think Lucid shares are too expensive? Think again. One well-known investor just made a prediction that could create massive value for Lucid shareholders over the next decade and beyond.Earlier this year, well-known investor Cathie Wood made a bold prediction. The global robotaxi industry, she believes, could eventually be worth up to $10 trillion. "We think $8 trillion to $10 trillion for the entire autonomous taxi opportunity throughout the world, from almost nothing," she told investors in March. "That's how quickly AI is going to cause these things to happen." Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool