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Here's Why Lucid Stock Rocketed Higher in November

TheMotleyFool

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Here's Why Lucid Stock Rocketed Higher in NovemberPhoto, 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

It was an extremely eventful month for electric-vehicle (EV) startup Lucid Group (NASDAQ: LCID) in November, and investors took notice. The company's shares soared 43.2% for the month, according to data from S&P Global Market Intelligence.

The run in the stock came after the company delivered its highly anticipated first vehicle on Oct. 30. The successful initial public offering (IPO) of high-profile competitor Rivian Automotive less than two weeks later also led to a surge in EV names, including Lucid.

Lucid's Air luxury electric sedan. Image source: Lucid Group.

Source Fool.com

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