Lucid Stock Is Surging Again. We Still Don't Know Why.
Shares of EV maker Lucid Group (NASDAQ: LCID) were trading higher again early Tuesday, a day after a huge one-day gain that mystified veteran Wall Street observers.
As of 11 a.m. ET, Lucid's shares were up 10.7% from Monday's close, and up 36.6% on the week so far.
Lucid plans to begin production of its second model, a large luxury SUV called the Gravity, later this year. But that isn't why the stock surged on Monday. Image source: Lucid Group.
Source Fool.com