The automotive world is abuzz about electric car maker Lucid Group (LCID) – Get Lucid Group, Inc. Report, which received the Motor Trend Car of the Year award this month, the first time an automaker’s first vehicle has been given that honor. The news of the Motor Trend award pushed the stock further upward. The stock was already up more than 130% over the last six months.
Rivian (RIVN) – Get Rivian Automotive, Inc. Class A Report, Tesla (TSLA) – Get Tesla Inc Report and Lucid are the pure electric car company leaders in a market that also features most of the existing automobile manufacturers. Dozens of companies are now making electric cars, similar to the early days of the automobile, when more than 50 American companies made gasoline, diesel, electric and even steam-powered cars. That number fell to less than 10