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Why Lucid Stock Jumped 38% in December

TheMotleyFool

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Shares of the electric vehicle (EV) maker Lucid Group (NASDAQ: LCID) soared last month as investor optimism toward the stock increased after the company said it had begun production of its new Gravity SUV. Investors also pushed shares higher after Lucid's CEO said he's open to discussing a potential partnership with a traditional automaker.

As a result, Lucid's stock jumped 38.5% in December, according to data provided by S&P Global Market Intelligence.

Image source: Getty Images.

Source Fool.com