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Why Lucid's Stock Is Defying Gravity Again

TheMotleyFool

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Why Lucid's Stock Is Defying Gravity AgainPhoto, 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 Lucid Group (NASDAQ: LCID) were trading sharply higher on Monday, just days after the company began production of its long-awaited second luxury electric vehicle.

As of 1 p.m. ET, Lucid's shares were up about 13.1% from Friday's closing price.

Shares of many companies in the electric vehicle space were trading higher on Monday as investors' concerns about the incoming Trump administration's plans to cut EV tax credits seemed to recede.

Source Fool.com

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