Newark, California-based Lucid is certainly one of a wave of EV startups which have chosen to go public by way of a particular function acquisition firm, or SPAC, within the hopes of fast-tracking a problem to market incumbent Tesla Inc. The corporate is because of begin manufacturing within the second half of the yr on the Air, a $169,000 electrical sedan that’s able to driving greater than 500 miles on a single cost. The corporate has grown to greater than 2,500 staff and is carefully adopted, partly as a result of Rawlinson was beforehand chief engineer on Tesla’s Mannequin S.