CCIV - Lucid CEO: targeting same valuation as Tesla EVs getting recognized as future of auto industry

Peter Rawlinson, CEO of electric car startup Lucid (LCID)(CCIV), said Tuesday that he believes that there's a growing recognition that EVs represent the future of the auto industry and that his company should be counted in the same ranks as Elon Musk's Tesla (TSLA).In an interview with CNBC, Rawlinson argued that the main selling point of his company came from the value of its technology. He also confirmed that Lucid was on schedule with its production ramp-up plans.In addition, the Lucid CEO commented on Tesla's (TSLA) position in the market. He said that Elon Musk's company received a premium valuation from Wall Street because of its preeminence in the market, though Rawlinson quickly added that he believes Lucid will soon join those ranks as well.Looking at the electric vehicle market as a whole, Rawlinson suggested that EVs will eventually swallow the entire car industry."I think there's a recognition, a cognizance, a

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Lucid CEO: targeting same valuation as Tesla, EVs getting recognized as future of auto industry