Why Lucid Group Stock Roared Ahead Today

Excitement has been growing over electric vehicle start-up -- and potential strong Tesla competitor -- Lucid Group (NASDAQ: LCID) as it gets closer to shipping its first vehicles. Today the company announced that will begin this Saturday, and the stock popped 10%. At 11:05 a.m. EDT, shares had given up some of those gains but remained up 5.3%. 

Lucid isn't simply delivering its first Air Dream Edition electric sedans this weekend. It is also holding a rally for the new owners hosted by Lucid leadership "on a route that showcases the vehicle's standout ride, handling, and performance capabilities," the company said.  

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Source Fool.com