Wall Street Loves This EV Stock. Here's Why I'm Not Buying.
The future of EVs requires scale and cost advantages.
Overview
Tesla (NASDAQ: TSLA) CEO Elon Musk recently shared that the upcoming Tesla Roadster will be the last new Tesla model you can drive yourself. Afterward, Tesla's newer models will be designed for completely autonomous driving.
Robotaxis are now expected to reach scale in large metro markets by 2030. "Overall, experts expect that robo-taxis will be the first commercial application for L4 in mobility -- not privately owned cars," concludes McKinsey & Co.
Details
Selling EVs in the future requires not only attracting consumers but also enticing robotaxi operators to buy your vehicles en masse to power their robotaxi fleets. On this front, Lucid Group (NASDAQ: LCID) is at a particular disadvantage versus the competition.
Source
Originally published at www.fool.com.