EV start-up Lucid's market value blows past Ford at more than $89 billion as shares skyrocket

, regularly compares Lucid to his former employer in terms of in-house technologies and overall development of electric vehicles. He and CFO Sherry House on Monday both said the company's recent runup in stock is proof Wall Street is already viewing Lucid more like Tesla than a traditional automaker.

"I think the sky's the limit in terms of valuation, but it's all about execution," Rawlinson told CNBC during an interview Monday night after Lucid reported itsas a public company. "It's all about execution, it's all about scaling volume. And that's my focus. And I think the share price lookup is a result."

Since the company went public through a SPAC deal in July, Lucid's stock price has soared by more than 80% through Monday's close. It remains below its 52-week high of nearly $65 a share in February when it was reported that Lucid was nearing a deal.

Say NoMore out loud n louder AfricaUnited WakeUpAfrica ThisIsTheTime NowOrNever WeStandTogetherWeAreStronger Ethiopia a beacon of hope EthiopiaPrevails African independence emanets from Ethiopian struggle Africans wake up n join the campaign Say NoMore NoMore NoMore

No man wants a weak EV , get stuck, depending on grid that goes down in bad weather when you need it. Electric blackouts, kilowatts cost more that gas, get stuck , social engineering to be dependent , fake clean batteries, you stick with batteries I'll take power

Except it has no AI capability, this is like Tesla 5 years ago, given the choice between the two, Tesla is a no brainer due to AI

Will Lucid sell through dealers or direct to consumers?

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