Why Lucid Stock Just Popped 6%

Last night, rival EV-maker Rivian Automotive (RIVN 23.16%) announced that Volkswagen (VWAGY -1.54%) is giving it a $5 billion cash infusion (total, over the next three years) and establishing a joint venture whereby VW and Rivian will combine forces to produce new electric vehicles. Plus, Aston Martin is actually smaller than Lucid (about one-quarter the market cap). And unlike Volkswagen, which has more than $53 billion in cash on its books, Aston Martin has less than half a billion -- less than Lucid's $4 ...