[Mr. Gee]

Lucid (LCID) is currently valued at $56B, so don't start looking for logic in the market this late in the game.

 

[SpenceCO]

Yes, but not yet.

 

[RayzorBEV]

In about a week, it will

 

[eHauler]

Lucid (LCID) is currently valued at $56B, so don't start looking for logic in the market this late in the game.

I thought they would be worth more, with an SUV as their first model it might have.

 

[echodelta]

As folks said, the stock market is irrational.
BUT, consider the following:

• Is Honda on track to ramp up factories for electric motors, cars by 2025? Are their projected battery factory contracts high enough to maintain their current throughput?
• Do they have the talent to differentiate? People won't choose cars anymore by who has nicer headlamps or back up cameras. Range and price will matter a lot - and those both come to manufacturing innovation, and efficiency obsession and battery breakthroughs. Will they lead or chase others? When they can't differentiate by affordability, who buys Honda?
• Alt businesses like small motors for generators, tools, etc will be eroded by battery tech, fast. Today it is already an iffy proposition to buy a generator instead of a battery, for anything than the big stationary, high-load and long-term backup. When 80% of your audience is better served by a product you don't have, can you keep efficiency doing the other 20%?
• When will new ICE sales plummet - whole countries are making it a bad decision to buy an ICE today. I believe when this hits markets that it will hit faster than most expect - Will it be a smooth curve or suddenly they'll be stuck with stranded assets, maintenance inertia on irrelevant tech, and a supplier chain that is commoditized?

Given all the above - what is your future discounted estimated cash flow for 2030 for Honda given their current trajectory?
20% of what it is today? When does the drop start? Will it exist beyond being a brand name? --> Which companies will be the kodaks of automotive?