As I wrote here a couple of times, competition on the EV market is coming; this is not a surprise as this market is growing and more and more companies want a piece of the pie. So TESLA is not alone on the EV planet (contrary to what the stock suggests).
And not only competition is coming, but it might come with technological challenges for TESLA. I have no idea whether Lucid Air will deliver on its promises, but it says that it will have the fastest recharge technology for EVs.
- Lucid Motors announced that its new luxury sedan, the Air, will be the "fastest charging electric vehicle," with the ability to charge 20 miles of range per minute.
- The claim smashes the standard set by Tesla, whose V3 Supercharger can add about 15 miles per minute.
- The announcement follows Lucid's claim that the Air will have a range of 517 miles, another bid for best-in-industry specs.
Lucid Air CEO did work on TESLA model S; the guy did work for Elon. He wants to beat TESLA in terms of luxury and EV technology.
We're creating a car which is going to be the best car in the world. People are going to want it.
Believe what you can (I pesonally dont believe this thing will be the best in the world; nor the most luxurios. For that, have a look at a Bentley for instance).
Source: Business Insider
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