What is Lucid? Lucid (NASDAQ:LCID) is an American electric vehicle (EV) manufacturer that was taken public in July 2021 in one of the largest SPAC deals in history. It is currently valued at more than US$60 billion. It has also just been added to the NASDAQ-100 Index, making it the only other car manufacturer besides Tesla in the index. This adds a certain degree of credibility to its brand. It is led by a former Tesla Chief Engineer and is comprised of seasoned executives with backgrounds in Automotive, EV, and Tech. Current scale of production It currently has two models under production: one luxury sedan and one SUV. Both models are manufactured in-house in a factory that currently has a production capacity of 34,000 vehicles a year. It started production in September 2021, and the first customers picked up their cars by the end of October 2021. Plans for expansion...