Jim Cramer Talks EVs With Lucid CEO

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

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Lucid Air Named 2022 MotorTrend Car of the Year

Lucid’s first EV earns coveted award, recognizing Lucid Air’s unrivaled combination of efficiency, performance, and luxury with EV powertrain technology developed and manufactured entirely in-house

Published: Nov. 15, 2021 at 7:00 AM EST|Updated: 8 hours ago

NEWARK, Calif., Nov. 15, 2021 /PRNewswire/ — MotorTrend announced today that the Lucid Air has won the 2022 MotorTrend Car of the Year, the first instance in which the initial product from a new automotive brand has been awarded the “Golden Calipers.”

Lucid Air was awarded MotorTrend’s Car of the Year against a formidable field of 24 competitors...
Lucid Air was awarded MotorTrend’s Car of the Year against a formidable field of 24 competitors from major manufacturers. Designed in Silicon Valley and produced in Arizona, Lucid Air delivers an industry-leading 500+ miles of range and up to 1,111 horsepower from Lucid’s proprietary powertrain technology, which is designed and built in-house.

MotorTrend’s Car of the Year award is considered one of the most prestigious in the automotive industry.

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