Lucid CEO says the EV start-up could eventually be valued like Tesla: 'The sky's the limit'

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Lucid CEO says the EV start-up could eventually be valued like Tesla: 'The sky's the limit'
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The ex-Tesla executive regularly compares his former employer to Lucid in terms of in-house technologies and overall development of electric vehicles.

Peter Rawlinson joined Lucid Motors in 2013 as chief technology officer, a role he has maintained since being named CEO of the company in April 2019.Rawlinson's goal with the Air, which he believes has been accomplished, was to make "the best car in the world." The Air on Monday was named MotorTrend's car of the year, a coveted award in the automotive industry.

"I think the world recognizes we've got an amazing product," Rawlinson said. "I think everyone realizes what I've been promising would be the best car in the world. It's true. It's happened." Lucid is among a handful of EV start-up companies to go public through deals with a so-called SPAC since last year. But unlike some of its SPAC peers, Lucid is actually generating revenue and producing vehicles. It also has thus far avoided any federal probes into potentially misleading statements to investors unlike others such as

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