Similarly, Lucid's long-term value may be more related to services than manufacturing. Earlier this year, Peter Rawlinson, Lucid's outgoing CEO, stressed that the company's software and technology stack could eventually be licensed to other automakers worldwide. "I'd love it to be 20-80," Rawlinson said. "Twenty percent doing cars, 80% licensing."

Lucid, which has always offered an array of driver-assistance features, is now expanding the suite of driver aids on its models with two new hands-free features. Perhaps it’s surprising that a luxury automaker is offering the tech after mass-market brands like Ford, but better late than never, right?

Lucid’s electric sedan can drive further, charge faster, and packs more advanced tech than most of the competition. That

Dan Ives, a notable analyst at Wedbush Securities, has a $500 price target on Tesla ( TSLA 3.13%) stock -- the highest of any analyst. Why is he so bullish? It all comes down to a $1 trillion opportunity that he thinks should send Tesla's stock price soaring for years to come.