Lucid Reports Air Reservations Are Soaring

Lucid Group (NASDAQ: LCID) just announced its third-quarter financial update, but all the market is paying attention to is what has happened since the end of the quarter. And there is good reason for that. 

Lucid has been touting its technology advantages with its luxury electric Air sedans. It received some vindication for that when the U.S. Environmental Protection Agency (EPA) gave its long range models a record rating of 520 miles on a single charge. And now the Lucid Air has won the prestigious 2022 MotorTrend Car of the Year designation. 

Lucid Air in studio showroom. Image source: Lucid Group.

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Source Fool.com