Why Lucid Group Stock Blasted 45% Higher Today

Lucid Group (NASDAQ: LCID) has become unstoppable: The electric vehicle stock soared again today, jumping an eye-popping 45% as of 1 p.m. EDT.

Just when investors were looking forward to Lucid's big delivery day coming up this weekend, CEO Peter Rawlinson's latest comments, including about Tesla (NASDAQ: TSLA), are sending the stock even higher.

Although Lucid is a closely watched stock, one recent development that investors may have missed is the company's plans for Saudi Arabia.

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Source Fool.com