Why Lucid Group Rallied This Week

The luxury EV maker's CEO talked a big game at Monterey Car Week. Shares of luxury electric vehicle (EV) maker Lucid Group (LCID 9.77%) rallied 22.9% this week through Thursday trading at 2:20 p.m. ET, according to data from S&P Global Market Intelligence. Although the electric vehicle maker reported earnings earlier in August, the company's CEO made news at the Monterey Car Week this week, with a bullish outlook for the upcoming Gravity SUV, as well as Lucid's technology versus peers -- especially the elep ...