Why Lucid Group Stock Is Soaring Today
Shares of Lucid Group (NASDAQ: LCID) are climbing on Tuesday. The luxury electric vehicle maker's stock gained 10.4% as of 1:52 p.m. ET. The rise comes as the S 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were relatively flat.
Lucid announced that its Grand Touring Air sedan just set a Guinness World Record for the longest drive on a single charge.
Lucid announced today that its premium Grand Touring Air drove 1,205 km on a single charge, besting the previous record by a full 160 km. The win helps reinforce the company's superior battery and drivetrain technology that make it incredibly efficient. EV range is one of the top factors in the average consumer's decision of whether to buy an EV.
Source Fool.com
