Why Lucid Group Stock Jumped Today

Shares of electric-vehicle maker Lucid Group (NASDAQ: LCID) were soaring on Monday, trading up 6.3% as of 11:25 a.m. EDT.

A competitor is about to hit the public markets that could give Lucid stock a run for its money, but investors aren't reading much into it for now as they have their eyes glued on what surprises Lucid Group could bring up this crucial week.

Lucid kicks off its much-awaited production preview week today, Sept. 27. It will host media tours of its factory in Casa Grande, Arizona, for the first time. Customers, policymakers, and media will not only get a chance to tour the factory and see Lucid's technology and processes first-hand, but will also be able to test-drive its first luxury sedan, the Lucid Air.

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Source Fool.com