Lucid is the ‘Tesla/Ferrari’ of electric vehicles, B. of A. says

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Published: Sept. 15, 2021 astatine 1:13 p.m. ET

The Lucid Air electrical car. Lucid got a bargain standing from B. of A. Securities and a terms people that is much than 50% higher than existent stock prices.

Lucid Motors

Lucid Group Inc. banal got a bargain standing from analysts astatine Bank of America, who connected Wednesday said Lucid is the “Tesla/Ferrari” of electrical vehicles and is taking vantage of lessons learned by the different 2 luxury car makers.

The analysts, led by John Murphy, praised Lucid’s LCID absorption team, its “key competitory advantages” specified arsenic its Formula E technology, and its “interesting/attractive” product, the Lucid Air ultra-luxury sedan.

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