Why Lucid Stock Jumped Friday
Established automakers are finding out it's hard to ramp up electric vehicle (EV) production, and that's benefiting EV startups like Lucid Group (NASDAQ: LCID) Friday. Lucid shares were trading up by 8.2% as of 12:30 p.m. ET.
When Ford Motor Company (NYSE: F) reported its second-quarter results Thursday night, it raised its projections for its full-year earnings and free cash flow. But that was due to the performance of its legacy internal combustion engine and commercial vehicle divisions. Ford's update on its EV division wasn't as positive.
Source Fool.com
