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Big Bets On EVs

November 29, 2021

EV start-up Lucid, which delivered its first vehicle on October 30th, has a market cap bigger than Ford’s and is now the eighth most valuable car company in the world.

Tesla, Rivian and Lucid are valued at a completely different scale to traditional automakers.

Toyota, Volkswagen and Daimler, the three most valuable industry veterans, have a combined market capitalization of $505 billion.

Tesla alone is worth more than twice that.

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