EV bulls and bears clash as Lucid stock surges 12% in a week

After spending months on a major decline despite several – apparently unsuccessful – attempts to stop the downfall, such as a $10,000 cashback program implemented in 2023, and hitting an all-time low in January, the electric vehicle (EV) maker Lucid Motors (NASDAQ: LCID) has seemingly found a way to save itself from a complete stock market crash.Indeed, near the end of January, Lucid’s shares suddenly spiked from $2.65 to $3.36 – more than 25% in but a few hours – and the shares have mostly continued rising ...