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Why Did Lucid Stock Soar This Week?

TheMotleyFool

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Lucid Group (NASDAQ: LCID) hopes 2026 is a transformative year for the electric vehicle (EV) maker. After launching only its second vehicle type last year, the company and its shareholders hope to see a meaningful boost to sales volume.

Shares are jumping this week on another avenue of progress, however. As of midday Friday, Lucid stock has surged 12% this week, according to data provided by S&P Global Market Intelligence.

Image source: Getty Images.

Source Fool.com

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