Last week, Lucid also ushered in two other good news.

$Lucid Group (LCID.US)$ First of all, the Dream Edition Range version of Lucid's luxury electric car Lucid Air is recognized by the U.S. Environmental Protection Agency as the electric car with the longest range so far. It can travel 520 miles (approximately 836 kilometers) when fully charged.

Second, the Bank of America recently compared Lucid to Ferrari in the field of electric vehicles, and analyst John Murphy gave a high evaluation, saying that it has many elements of success, including "innovative technology, attractive products, eye-catching Brand, environmentally friendly manufacturing process and impressive management model", and gave it a buy rating on September 15 with a target price of US$30.

Combining all these news, the final result is that Lucid stock has risen 41% in the past seven trading days. Calculated at the latest price, Lucid's latest value is 43.4 billion U.S. dollars, which is a lot of money for a start-up company. In contrast, the market value of the established car company Ford is only 50 billion U.S. dollars.

Article excerpted from the U.S. Stock Intelligence Agency