Lucid Group Inc Stock News

Wall Street and investors have little to complain about with just a few days left before we turn the page to 2025. When the closing bell tolled on Dec. 24, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite had respectively galloped higher by 15%, 27%, and 33% for the year.

Shares of Lucid Group (LCID 4.36%) have been flying higher in recent weeks. That move continued in today's holiday-shortened trading session.

The electric vehicle (EV) market is uncertain right now, with the potential for federal EV tax credits to be canceled and some consumers choosing hybrids over electric cars.

The share price of luxury electric vehicle (EV) manufacturer Lucid Motors (NASDAQ: LCID) has experienced a rollercoaster run in 2024, affected by internal operational woes and external market dynamics. The coming year offers another opportunity for the firm to turn things around.

Lucid Group (LCID 14.83%) is an emerging company in the electric vehicle (EV) space that has caught the attention of investors since its merger with a special purpose acquisition company (SPAC) three years ago. Its luxury EVs boast an impressive driving range, and the company is looking to take on industry giants like Tesla.

The automotive industry can be a bit of a copycat industry. When one automaker finds success with a certain strategy, you can bet the competitors across the street take notice.

EV company Lucid's (NASDAQ: LCID) stock sold at $57 in November 2021.

Shares of the electric vehicle maker Lucid Group (LCID 13.31%) jumped this morning, on seemingly no company-specific news. Rather, Lucid's shares are likely gaining traction after a new report showed that EV sales gained ground in November.