Lucid stock rises 7.9% as EV demand concerns ease and positive Q4 results are expected.

From Nasdaq: 2025-01-03 12:34:42

Shares of Lucid Group (NASDAQ: LCID) are up 7.9% today, contributing to a 51% increase over the last month. Concerns about EV demand are easing as both Tesla and Rivian reported higher fourth-quarter deliveries than production, reducing inventory levels. Lucid investors are hopeful for positive fourth-quarter results, expected next week.

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Note: The author holds positions in Lucid Group, Rivian Automotive, and Tesla, and The Motley Fool has positions in and recommends Tesla.



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