The electric vehicle startup just made history as the first company to win the coveted automotive award with its very first model.
Lucid Group expects to deliver 20,000 vehicles next year and generate more than $2 billion in revenue.
Aptera says you'll never need to charge its solar-powered three-wheeler. Lucid's Air Pure sedan aims straight at Tesla. And many more are on the way.
Lucid Motors is one of many startups trying to break into the world of electric autos by besting competitors such as Rivian and Tesla.
Electric-vehicle startups have benefited from the hype surrounding Tesla, but now they have to prove they can deliver.
"Investors just want to fast forward past the debt ceiling drama and focus on the global economic recovery," Edward Moya of Oanda said.
Bank of America recently called Lucid the next Tesla or Ferrari of electric vehicle makers. Lucid's first cars have rolled off the assembly line.
Rivian and Lucid Motors are two of Tesla's most legitimate challengers. After years of development, their first vehicles are finally on the way.
Tesla's electric cars have long been able to travel the farthest. There's about to be a new top dog, according to official EPA estimates.
Bank of America initiated coverage of Lucid Motors on Wednesday with a "buy" rating and price target of $30. The stock currently trades around $19.
Lucid Motors is on the brink of delivering its first vehicle: the Air sedan. Here's how it stacks up to the king of EV sedans, the Tesla Model S.
Wednesday is the first time some of Lucid's largest stakeholders can sell their shares in the stock since the EV maker's July SPAC merger.
The Tesla Model S has an EPA-estimated range of 405 miles. Lucid claims the Air can go up to 517 miles on a full battery.
Lucid expects to deliver less than 1,000 of its Lucid Air model in 2021, and about 20,000 vehicles in 2022.
Churchill Capital has been a popular SPAC stock with retail investors, though likely less so after falling 63% from its February peak of $64.84.
New electric cars are hitting the market fast, and plenty more are in store for 2021, from luxury sedans to pickups and SUVs.
Ford Motors and BMW recently participated in the $135 million Series B funding of Solid Power in May.
Next Page »