Lucid's equity performance post reverse merger with a SPAC is another example of the funkiness with this market.  However, for the reasons addressed above, Lucid Motors is a real company with an experienced team of automotive executives who have been through the drill before.  

Hochholdinger, while at Audi, opened Audi's Mexico plant in San José Chiapa in 2016 and it was nearly flawless.  The quality of the Q5s emerging out the plant were and are exceptional, especially considering that Audi not only opened a new manufacturing facility but also introduced a new product at the same time.  Often a new product launch in a new greenfield plant is difficult and plagued with issues.  

Lucid is, with high probability, a takeover target within the next three years.