Can Lucid Group Stock Help Make You a Millionaire?
Every investor wants to find the next Tesla (NASDAQ: TSLA). Shares have risen more than 20,000% since 2010. A single $5,000 investment would have turned you into a millionaire if you had invested early.On many metrics, Lucid Group (NASDAQ: LCID) appears to be a worthy successor. There are two reasons in particular that Lucid could mimic Tesla's rise, minting many new millionaires along the way. But there's one catch that every potential investor should also be aware of in order to maximize your potential gains.We must first understand what made Tesla so successful in the first place. Luckily, the company released a "Master Plan" nearly 20 years ago outlining its exact strategy. Written by Elon Musk, it included three simple steps:Continue reading
Every investor wants to find the next Tesla (NASDAQ: TSLA). Shares have risen more than 20,000% since 2010. A single $5,000 investment would have turned you into a millionaire if you had invested early.
On many metrics, Lucid Group (NASDAQ: LCID) appears to be a worthy successor. There are two reasons in particular that Lucid could mimic Tesla's rise, minting many new millionaires along the way. But there's one catch that every potential investor should also be aware of in order to maximize your potential gains.
We must first understand what made Tesla so successful in the first place. Luckily, the company released a "Master Plan" nearly 20 years ago outlining its exact strategy. Written by Elon Musk, it included three simple steps:
