The Good News Keeps Rolling In for Lucid Investors

Despite the doom and gloom surrounding the EV industry, Lucid is gaining some momentum. Like many start-up electric vehicle (EV) manufacturers, Lucid Group (LCID 1.27%) has had an incredibly bumpy road since the initial hype around EV start-ups wore off rather quickly. The automaker is burning cash, working through production ramp-ups, and facing questions about Saudi Arabia's investment commitment. Thankfully, for investors, good news keeps rolling in, and some of those questions have been answered. Recapp ...