Skip to main content

Jim Cramer Says Watch for Elon Musk as Lucid Motors Begins Trading

Publish date:
Video Rating:
Video Duration:

After the close of its merger with special purpose acquisition company Churchill Capital Friday, electric carmaker Lucid Motors  (LCID) - Get Free 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. 

Tesla,  (TSLA) - Get Free Report, arguably the most recognized name in the electric vehicle space, is set to report earnings after the closing bell Monday. 

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. 

Recap TheStreet Live: Everything Jim Cramer Is Watching 7/26

Related Videos