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Why Lucid Group Stock Soared Friday

TheMotleyFool

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Lucid Group (NASDAQ: LCID) shares are continuing to rise on Friday after the company announced a milestone yesterday, and more investors are talking about the company's technology. As of 12:45 p.m. EDT, Lucid shares were up another 9.6% after jumping yesterday as well.

Yesterday, the Environmental Protection Agency confirmed what Lucid CEO and chief technology officer Peter Rawlinson has been saying for some time. The company's top line electric vehicle -- the Air Dream Edition -- has become the first electric vehicle ever to exceed a range of 500 miles on a single charge. The EPA has officially given the range edition of the Air Dream a range rating of 520 miles.

Source Fool.com

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