Why Lucid Motors Stock Drove Higher Today

Lucid may have gotten the lifeline it needs to survive. Shares of electric vehicle (EV) maker Lucid Group (LCID 2.67%) were popping Tuesday morning after the company released its second-quarter update last night. Revenue beat expectations, but there was an even bigger driver for Lucid shares. After jumping as much as 13.5%, Lucid stock was trading higher by 2.5% as of 10:50 a.m. ET. Investors have been losing confidence that the company would have enough capital to survive long enough to begin selling its G ...