Lucid Group (NASDAQ: LCID) is optimistic about 2026 being a transformative year for the electric vehicle maker. Shares have surged 12% this week, with hopes for increased sales volume. Saudi Arabia’s Public Investment Fund (PIF) is Lucid’s largest shareholder and has been a critical investor, with plans for partnership with Rockwell Automation to support manufacturing. Cantor Fitzgerald reports PIF’s commitment to supporting Lucid, leading to investor enthusiasm. However, the Motley Fool Stock Advisor team does not currently recommend buying Lucid Group stock. Consider other top stocks for potential high returns.

Read more at Nasdaq: Why Did Lucid Stock Soar This Week?