Ed Ludlow and Crystal Tse

Business, Technology, Fuel

SPAC Boom Propels EV Makers to Public Markets

The Lucid Motors Air prototype electric vehicle stands at the company's headquarters in Newark, Calif. The Lucid Motors Air prototype electric vehicle stands at the company's headquarters in Newark, Calif., in August 2020. (David Paul Morris/Bloomberg News)

Until June last year, Tesla Inc. was the only dedicated electric carmaker based in the U.S. on the stock market. Then special purpose acquisition companies took over Wall Street.

Ed Ludlow and Crystal Tse | Bloomberg News
January 22, 2021