Why Lucid Group Stock Popped This Morning
Shares of electric car-maker and would-be Tesla (NASDAQ: TSLA) -killer Lucid Group (NASDAQ: LCID) gained a modest 3.5% through 11:50 a.m. ET on Monday.
The company is benefiting from some new PR that portrays its new Lucid Gravity electric SUV in a positive light relative to Tesla's Model S, X, and Cybertruck offerings.
Electric cars and trucks remain popular among certain car buyers, despite all the reports that they're not selling quite as well as hoped. One obstacle to greater adoption is that many car buyers still worry about running out of "gas" -- or more precisely, electricity -- because of these vehicles' limited range and inability to "fill up" quickly at a gas station.
Source Fool.com
Tesla Inc Stock
€202.90
-0.170%
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 18.28% compared to the current price of 202.9 € for Tesla Inc.
