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Lucid Stock Is Surging Again. We Still Don't Know Why.

TheMotleyFool

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Lucid Stock Is Surging Again. We Still Don't Know Why.: https://g.foolcdn.com/editorial/images/763211/lucid_group_lucid_gravity_all_new.jpg

Shares of EV maker Lucid Group (NASDAQ: LCID) were trading higher again early Tuesday, a day after a huge one-day gain that mystified veteran Wall Street observers.

As of 11 a.m. ET, Lucid's shares were up 10.7% from Monday's close, and up 36.6% on the week so far.

Lucid plans to begin production of its second model, a large luxury SUV called the Gravity, later this year. But that isn't why the stock surged on Monday. Image source: Lucid Group.

Source Fool.com