After the close of its merger with special purpose acquisition company Churchill Capital Friday, electric carmaker Lucid Motors (LCID) - Get Lucid Motors Report opened for trade Monday, rising its debut.
While Jim Cramer told Action Alerts PLUS senior analyst Jeff Marks that he enjoyed riding in a Lucid vehicle, the electric vehicle marketplace is heavily saturated with competition.
Cramer said investors should watch for any comment from Tesla CEO Elon Musk.
"This is the first quarter where Musk will have to trash the competition and explain why you don't want to buy a Lucid," Cramer said.
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