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Rivian and Lucid Turn Up the Heat on Tesla With Big Milestones

A Lucid Air prototype at the New York International Auto Show in 2017.

A Lucid Air prototype at the New York International Auto Show in 2017.

Photographer: TIMOTHY A. CLARY/AFP
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Welcome to the Hyperdrive daily briefing, decoding the revolution reshaping the auto world, from EVs to self-driving cars and beyond.

When the wave of startups and SPAC-funded electric-vehicle companies started getting billions shoveled their way last year, I figured two of them had a real chance to make it. Lucid and Rivian were both backed by deep-pocketed investors and had technology to brag about.