Why Lucid Group Stock Is Surging Higher Today
Shares of electric vehicle maker Lucid Group (NASDAQ: LCID) were moving sharply higher on Tuesday, after the company reported third-quarter earnings and confirmed its production plans for next year.
As of 12:45 p.m. EST, Lucid's shares were up about 17.7% from Monday's closing price.
Lucid reported on Monday afternoon that it lost $524.4 million in the third quarter, or $0.43 per share, on revenue of $232,000 as it prepared to start production of its innovative Air luxury sedan.
Source Fool.com
