Reported 1 day ago
Lucid Motors has faced significant production challenges and a widening net loss, casting doubt on its financial future despite its current market cap of $8.6 billion. In contrast, Archer Aviation, a developer of eVTOL aircraft, holds a promising $6 billion backlog of orders and aims to launch air taxi services soon. Analysts suggest that if Archer succeeds in its expansion plans, it may surpass Lucid’s market value within the next year.
Source: YAHOO