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Why Lucid Stock Jumped Today

TheMotleyFool

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Why Lucid Stock Jumped TodayPhoto, wide shot, wide-angle lens, Automotive service center, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/c8dbaa5e-abdb-40ac-b919-ed80785b056a.png

Shares of the electric vehicle maker Lucid Group (NASDAQ: LCID) jumped this morning, on seemingly no company-specific news. Rather, Lucid's shares are likely gaining traction after a new report showed that EV sales gained ground in November.

Lucid's share price was up by 14.2% as of 11:25 a.m. ET.

A new Cox Automotive report released yesterday said that EV sales jumped to 116,072 in November, a 13.6% increase from the same time last year. That represented an impressive 10% increase from the previous month and marked the second-largest month of EV sales in 2024.

Source Fool.com

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