Why Is Everyone Talking About Lucid Stock?
Several electric vehicle (EV) start-ups have made the headlines in recent months, whether it's for attractive EV prototypes, promising technologies, or even their abilities to raise large amounts of money and go public via mergers with special purpose acquisition companies (SPACs).
Lucid Group (NASDAQ: LCID) is one of them, having gone public on July 26 after merging with a SPAC. Yet, none of the EV start-ups could achieve what Lucid has so far: Beat Tesla (NASDAQ: TSLA) on car efficiency.
That's just one of the several reasons why everyone's talking about Lucid stock. In fact, Lucid is the hottest EV stock right now, having jumped more than 70% just this past week of October. Clearly, something big is brewing. Here's all you need to know.
Source Fool.com
