02.10.2021 15:01:00

Why There's Never Been a Better Time to Buy Lucid Group Stock

It seems like every week up-and-coming electric vehicle (EV) company Lucid Group (NASDAQ: LCID) makes headlines.On Sep.16 Lucid was crowned the king of range as its Lucid Air Dream Edition sedan got an official Environmental Protection Agency (EPA)-rated range of 520 miles -- the highest of any EV ever rated by the EPA. As great as that news was, though, Tuesday was arguably the company's most encouraging announcement of the year. On Monday Lucid kicked off its production preview week at its manufacturing facility in Casa Grande, Arizona, opening its doors to media, analysts, and other guests for the first time. It was all quiet on the western front until Lucid announced late Tuesday afternoon that it had officially started mass production of the Lucid Air, and will begin customer deliveries in late October. At the time of this writing, shares of Lucid are up around 9% on the day and over 25% in the last month.Continue reading
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