Here's Why Lucid Stock Rose Again Today
Shares of Lucid Group (NASDAQ: LCID) are rising sharply today. While the electric vehicle (EV) maker hasn't yet released its own fourth-quarter production and delivery figures, data from its peers is giving investors reason to be optimistic.
At 11:15 a.m. ET, shares of Lucid were higher by 7.9%. That is contributing to the stock's massive 51% move higher over the last month.
Investors spent much of 2024 worrying that consumer demand for EVs was dropping. Legacy automakers throttled back plans to increase EV production for that reason. Yesterday, sector leader reported that annual delivery volume dropped year over year for the first time since it began meaningful production levels.
Source Fool.com
Tesla Inc Stock
€404.70
1.630%
Currently there is a rather positive sentiment for Tesla Inc with 106 Buy predictions and 41 Sell predictions.
However, we have a potential of -1.16% for Tesla Inc as the target price of 400 € is below the current price of 404.7 €.
