Why Lucid Group Stock Is Soaring Today
Electric vehicle stock Lucid Group (NASDAQ: LCID) kicked off Wednesday on a solid note and had jumped 13% at 10:50 a.m. EDT.
With Lucid Group finally providing much-awaited crucial updates, investors can't seem to contain their excitement.
Lucid's first luxury cars, Lucid Air, have created a lot of buzz among electric car enthusiasts since the company went public in July, and with the Environmental Protection Agency confirming Air Dream Edition is indeed the longest-range electric car with 520 miles, all investors wanted was to see actual cars roll out of Lucid's factories and onto the roads. When the company kicked off its production preview week on Sept. 27, investors hoped it'd finally announce firm production and delivery dates.
Source Fool.com
