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Lucid: On the Road to a $100 Billion Market Cap? This Analyst Says ‘No’

TheStreet.com

With Lucid, the Reward May Not Be Worth the Risk

In an Executive Decision segment of “Mad Money” Tuesday, host Jim Cramer spoke with Peter Rawlinson, CFO and CEO of Lucid Group , an electric carmaker that saw its stock soar on Tuesday after the company received the Motor Trend Car of the Year award. Rawlinson said Lucid’s first vehicle, the Air, currently has more than 17,000 reservations and the Edition R has an EPA-certified range of 520 miles, the longest range of any electric vehicle. When asked about the company’s stock valuation, Rawlinson said Lucid should be valued as a technology company and not an automaker.

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