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Lucid’s $300 Million Uber Deal Sparks Stock Frenzy
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Shares of electric vehicle (EV) maker Lucid Group (NASDAQ: LCID) were popping Tuesday morning after the company released its second-quarter update last night. Revenue beat expectations, but there ...
Lucid Motors remains a highly-shorted EV stock as well and there is a chance that the stock will start to surge should the company narrow its losses further and report strong sales data.
Key Points Lucid delivered a record number of vehicles during Q2.The EV maker has seven quarters in a row with increasing ...
But consumer interest in the Gravity isn't a given, and that helps explain why the stock's initial surge didn't hold this morning. Lucid ended the quarterly period with about $4.3 billion of ...
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