Tesla’s Big Rival Lucid Has Some Very Good News

Lucid Group  (LCID) – Get Lucid Group, Inc. Report is smiling. 

Which is noteworthy given the state of the automotive sector, which finds alone caught between the provide-chain disruption induced by the covid-19 pandemic, the lack of computer chips required to operate autos, and Russia’s invasion of Ukraine, which is fueling a runup in price ranges of important raw resources these types of as nickel. 

Nickel is a essential element of batteries, the centerpiece of electric autos, and Russia is a single of the key producers of the steel.