Lucid compared to Tesla, Ferrari as Bank of America initiates coverage

Lucid Group (NASDAQ: LCID) is being compared to EV leader Tesla and legendary Italian performance vehicle company Ferrari by Bank of America, which initiated coverage on the electric car company’s stock today. Bank of America’s coverage predicts Lucid stock will jump by 50% in the coming years as the company holds high expectations from analysts. … Continue reading Lucid compared to Tesla, Ferrari as Bank of America initiates coverage