Why Lucid Stock Jumped Today
Lucid (LCID) The Motley Fool·2024-04-09 15:29Lucid delivered nearly 2,000 luxury electric sedans in the first quarter, helping to drive down inventory.Shareholders of Lucid Group (LCID 2.46%) haven't had much to cheer about over the past year. The stock of the luxury electric vehicle (EV) maker has plunged 65% in the last 12 months. But shares got a bump today after the company reported its first-quarter production and delivery results.Those figures appear to be more than what investors expected. Lucid stock jumped more than 6% on the news. As of 11:1 ...