LCID - Lucid Motors Applies for Trademark for Lucid Ocean Brand

Following the rather disastrous financial distress and the launch of Ocean SUV, Fisker filed for Chapter 11 bankruptcy protection. This comes after the company was scraped from the New York Stock Exchange. Following this news, Lucid Motors (NASDAQ: LCID) applied for a trademark with the U.S. Patent and Trademark Office, a move that has sparked a lot of chatter in the industry and among car enthusiasts.

For years now, Lucid Motors, an American electric vehicle (EV) manufacturer, has positioned itself as a force to be reckoned with in the EV industry, competing with well-known brands such as Tesla. Even though...

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