Another Electric Car Stock Could Soon go Belly Up

If it follows the same trajectory as Tesla did in its... [Energy and Capital Header] Practical Investment Analysis for the New Energy Economy Another Electric Car Stock Could Soon go Belly Up Jeff Siegel | Aug 30, 2024 Lucid stock popped into my head last week while I was walking through Tysons Corner Center — the upscale mall in Northern Virginia that caters to rich people who like to spend loads of cash on clothes, jewelry, and apparently, electric cars. I was on my way to Richmond and needed to charge my Tesla. There are probably about 50 fast-chargers in the parking garage at Tysons Corner. I had about 25 minutes to kill, so I went inside to use the restroom and grab a coffee. On my way to one of the nicest toilets I’ve ever seen in a mall, I came across a Lucid showroom. Retirement Made EASY Forget about those useless 401(k)s, pension plans, and 403(b)s. I've discovered a NEW solution to America's retirement savings crisis. A simple yet proven $500 "blueprint" that could have you retiring like a king in no time. No day trading, no exotic investments. [Get more info here.]( Now if you’re a regular reader of these pages, you know I’ve known about Lucid long before it even went public back in 2021. But I had never actually seen a Lucid showroom before. I live in upstate New York. The closest thing to a luxury automobile showroom we have is the Empire Tractor store. [tractor lot] A far cry from that Lucid showroom, to be sure. But I can’t say I was surprised to see that high-end showroom in the mall. After all, if Lucid wants to sell cars, it can only do it in upscale neighborhoods like Tysons Corner, where most folks have no problem throwing down $70k for a car. And that’s the low-end model. The nicest car Lucid makes is the Air Grand Touring, which could set you back by about $125,000. It is a sweet car, though, and you can drive for nearly 500 miles on one charge. [lucidgrand] Of course, I’m not here to wax poetic over cars. And while Lucid is one of the few American EV startups to deliver a truly impressive electric car, I’m more interested in Lucid stock. Because if it follows the same trajectory as Tesla did in its early days, it could be a huge winner. One American Firm's Top-Secret AI Tech Could Help Defeat Hamas One tiny American firm is working with the FBI, CIA, and NSA to develop advanced AI technology. It’s the most well-connected AI firm in the world... This firm’s technology has already disrupted Syrian air defenses, destroyed an Iranian uranium facility, and thwarted cyberattacks on U.S. power plants. Not to mention, Ukraine would not have made nearly as much progress repelling Russia’s invasion without this advanced AI tech. Now this tiny AI defense firm is set to turn the tides of the Israel-Hamas war... And hand its early investors as much as 10x their money. [Learn more about this small AI defense company before its stock soars.]( Can Lucid Stock Deliver? Last week, Lucid CEO Peter Rawlinson said in an interview that the company is “considerably ahead of where Tesla is.” We've taken that mantle. When I was at Tesla, Tesla was the tech leader. They've become distracted, and we have taken that place. I’m a big believer in the power of quality management. I won’t touch a stock unless I believe management is top-notch all the way. And in this case, management is delusional. Tesla isn’t a tech leader? Seriously? Not only is Tesla a tech leader in the EV space, it’s a tech leader in well, the tech space. Autonomous driving, robotics, AI — this is a major technological disruptor. Lucid makes really cool cars for rich people. That’s all it does. Not that this is a bad thing. But when you consider that the only thing that really matters today in the world of EVs is price, Lucid has pretty much boxed out the lion’s share of EV buyers. When you have Chinese EV makers pumping out quality electric vehicles for, in some cases, less than $10k, how could Lucid possibly compete with that? Tesla, the very company that launched this whole EV market, can’t even compete with the Chinese. And I’m supposed to believe that Lucid is going to somehow go from selling a few thousand high-priced EVs a year (and losing money on each one it sells) to being an EV stock worth much more than a couple of bucks? I mean no disrespect. I really do like the cars that Lucid has produced to date. But Lucid stock? Not a chance. In all fairness. Lucid has suggested it will build more affordable cars for the masses. But if it hasn’t done that yet, there’s no chance it’ll catch up to the likes of BYD (OTCBB: BYDDY), GM (NYSE: GM), and Stellantis (NASDAQ: STLA), which, by the way, has already partnered up with a Chinese EV maker in an effort to bring lower-cost EVs to Europe. Bottom line: Lucid doesn’t have the cash or the time to become competitive at this point. At best, it operates solely as a high-end EV maker for rich people. And while that’s not a bad thing, it’s just not enough to make Lucid stock worth our time. Besides, there’s something a lot more important than chasing a fledgling EV stock, anyway. Your Cash is at Risk It didn’t get too much attention in the mainstream media, but earlier this week, we noticed that the Bloomberg Dollar Spot Index had slumped nearly 2 percent — moving forward towards its worst monthly loss this year. And while this was happening, all G-10 currencies surged to new heights. Take a look... [dollarfall] Now some folks are just writing this off as little more than the result of the Fed getting ready to cut interest rates. But it’s much more than that. And something far more sinister. This is actually just the beginning of a well-calculated take-down of the U.S. financial system. I know, this might sound like just a bunch of alarmist hyperbole, but we have proof. Complete with actual quotes of the architects of this coup. You can [see it all for yourself right here.]( But more importantly, we have put together a plan of action that will not only protect you from this coup, but actually help you grow your wealth in defiance of those who want to take it from you. It’s all here, in [our latest investigative report]( that exposes a lot of uncomfortable truths about the state of the U.S. financial system. I strongly urge you to [download it for free — right now.]( To a new way of life and a new generation of wealth... [Jeff Siegel Signature] Jeff Siegel [[follow basic]Check us out on YouTube!]( [[follow basic]@JeffSiegel on Twitter]( Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor's [page](. Want to hear more from Jeff? 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