Once dubbed the “Tesla killer,” electric vehicle start-up Lucid Motors (NASDAQ: LCID) was expected to push Tesla to the ropes and threaten the EV giant’s global supremacy. Lucid seduced investors with the idea of luxury electric cars that offered better performance than the Porsche Tycan, Maybach S-Class levels of ambience and more range than any other battery electric vehicle (BEV) on the globe.
With its headquarters expected to be in mid-California, Lucid’s main base of operations would be close enough to Meta to poach some of its top coding experts while providing the startup with great weather all year round. As Tesla was still headquartered in California at the time, Lucid would also be able to…
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