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Why Lucid Group, Polestar, and Rivian Stocks Popped on Monday
LCIDLucid (LCID) The Motley Fool·2024-07-08 19:48

EV stocks are working down inventories and growing sales -- but are still nowhere near earning profits. Monday dawned bright for electric car stocks, with Lucid Group (LCID 8.38%) leading the pack higher on the back of some positive news for EV production and deliveries. Rivian Automotive (RIVN 4.53%) and Polestar Automotive (PSNY -8.58%) followed right along -- despite Polestar getting some bad news to start off the day. As of 12:05 p.m. ET, both Lucid and Rivian are up 3.9%, while Polestar is against all ...