Why Lucid Group Stock Popped Again Today
Shares of electric car start-up Lucid Group (NASDAQ: LCID) continued to rally Friday morning after a big week. The stock jumped as much as another 17% early in the session, after posting a monster gain on Thursday. Shares gave back some of that early pop, however. As of 10:30 a.m. EDT, the stock was trading up by 5.8%.
Lucid's stock run-up is being propelled by the looming arrival of its long-awaited first commercially-produced vehicles in buyers' driveways. The company announced earlier this week that it will deliver its first vehicles to customers Saturday. In addition, the company will host a rally at which the new owners will gather for a drive through the California countryside to show off the cars and their technology.
Image source: Lucid Group.
Source Fool.com
