Tesla &Green energy

Tesla’s Elon Musk sounds alarm on Lucid Motors: “They are not long for this world”

In recent years, electric vehicle (EV) company Lucid Motors has garnered significant attention and investment, with plans to release their first luxury EV, the Lucid Air, in the near future. However, Tesla CEO Elon Musk has sounded the alarm on the company, stating that they are “not long for this world” and urging potential investors to “beware.”

Musk’s comments come as a surprise to many, as Lucid Motors has received backing from major players in the automotive industry, including Saudi Arabia’s sovereign wealth fund and venture capital firm, Andreessen Horowitz. The company has also secured over $1 billion in funding and has partnered with Samsung to produce their batteries.

Despite these impressive credentials, Musk has raised concerns about the feasibility of Lucid Motors’ plans. In a series of tweets, Musk stated that the company’s production targets are unrealistic and that they are “pacing for a bankruptcy.” He also pointed to the challenges facing the EV market, including high production costs and intense competition from established players such as Tesla and established automakers.

Musk’s comments have sparked debate within the industry, with some questioning the accuracy of his claims and defending Lucid Motors’ plans. However, others have noted that Musk has a track record of accurately predicting industry trends and the challenges facing startups in the EV space.

Regardless of the outcome, it is clear that the EV market is a challenging and highly competitive space. With established players such as Tesla and new entrants such as Lucid Motors, the future of the industry remains uncertain. However, Musk’s warning serves as a reminder of the need for careful consideration and due diligence when it comes to investing in the EV space.