Is Lucid Group Stock Your Ticket to Becoming a Millionaire?

Want to become a millionaire? Find the next Tesla (NASDAQ: TSLA). Since 2010, Tesla shares have risen in value by nearly 28,000%. An original investment of just $36 would have turned into $1 million over that time period. Few investments in history have been able to provide this much gains over such a short period.Understandably, many investors are wondering what the next big electric car stock will be. From many perspectives, Lucid Group (NASDAQ: LCID) has all the right things going for it to become the next Tesla. But before you jump in, there are a few factors you'll want to understand.Starting an electric car company from scratch is incredibly difficult. It takes billions of dollars plus sometimes a decade or more to bring a vehicle to market. There's no guarantee that investors are willing to remain that patient for that long. There's also no guarantee that customers will even like the vehicles once they hit the market.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool