Why Lucid Stock Jumped 14% in August but Is Falling Back
Lucid (LCID) The Motley Fool·2024-09-10 01:19
The luxury EV maker is all set to start production of its much-awaited SUV. Investors in Lucid Group (LCID -3.12%) found some respite in August as shares of the luxury electric vehicle (EV) maker jumped 14.2% in the month, according to data provided by S&P Global Market Intelligence. The stock appears to be struggling to maintain momentum, though, and has already dropped 10.9% so far this month, as of this writing. What's going on with Lucid? Lucid's next EV is going into production Lucid was struggling wit ...