Lucid Stock Soars on Deliveries Hope, But Beware Further Losses

As we saw last quarter, Lucid had to slash prices on its cars to move them off dealer lots. More Is Not Better As Lucid's cheapest car starts at just under $70,000, that is almost 20% more than the average price of an electric car. But the EV company had been cutting prices, which likely accounts for the higher deliveries. The market is anticipating a strong deliveries report from Lucid Group (NASDAQ:LCID). Lucid stock shot 7% higher on Wednesday as investors bet the luxury electric vehicle maker will have ...