Lucid Group (NASDAQ: LCID) has gained a lot of attention since it went public by merging with a special purpose acquisition company (SPAC) earlier this year. Tesla (NASDAQ: TSLA), which shipped 627,350 vehicles throughout the first three quarters of 2021, has a much higher market cap of $1 trillion, but still trades at 20 times this year's sales. In other words, Lucid is still a highly speculative stock.
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