Why Lucid Stock Is Skyrocketing Today
The stock of Lucid Group (NASDAQ: LCID) is surging in Tuesday's trading despite moderate bearish momentum for the broader market. The company's share price was up 8.9% as of 12:30 p.m. ET. Meanwhile, the S 500 was down 0.1%, and the Nasdaq Composite had fallen 0.7%.
The electric vehicle (EV) specialist's valuation is getting a big boost today following news that its Air vehicle models will become compatible with 's Supercharger network. The news comes on the heels of an announcement that Lucid has formed a robotaxi partnership with , and the EV company's stock is now up roughly 41% over the last month.
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Source Fool.com
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