Why Lucid Motors Stock Accelerated Today
LCIDLucid (LCID) The Motley Fool·2024-08-22 01:28

Lucid's new SUV has huge market potential. Shares of luxury electric vehicle (EV) maker Lucid Group (LCID 6.17%) surged as much as 8% higher on Wednesday morning. The move came as CEO Peter Rawlinson started trying to generate excitement among investors for the company's upcoming fully electric Gravity SUV. Rawlinson was interviewed at the recent Pebble Beach Concours d'Elegance car show in California. As of 12:35 p.m. ET today, Lucid shares had pared some early gains, but were still up by 5.6%. Taking the ...