TESLA - GAME CHANGING NEWS !!!, page-22

Nikola motors is still valued at 7 billion and its pretty-much wall-to-wall fraud.

Tesla is valued more than all current automobile companies combined, and it's a Potemkin niche-manufactuer that has declining market share in the world's largest EV markets (Europe, China).

Lucid motors is talking about a SPAC with a valuation of over 20 billion and they haven't even built one production car yet.

Oh yeah, it's a bubble alright.

Once the US realises that electric cars will be built by the incumbent auto manufacturers, who will use their market power and supply chain dominance to squash their competitors, the EV bubble will burst and sanity will return.

Until then, trade carefully.

The good thing about investing in the battery minerals supply chain is that we don't care who wins the consumer market battle for electrification, we all know that for the foreseeable future, they'll be using lithium batteries of some kind.

Lucid motors is actually an interesting story. Full of automotive and battery whiz-kids (including most of the original Tesla employees). They've been providing battery packs and motors to Formula E for a few seasons now. They have some genuine technology and know-how, the question is can they survive in a market where VW and Audi build EVs en-masse. IMO if they do survive, it will be as a niche-brand acquired by an incumbent.