Why Lucid Group Stock Was Moving Higher Today
Shares of Lucid Group (NASDAQ: LCID) were getting a bump today after Morgan Stanley issued a note on the stock that essentially said that the bear case for the luxury electric vehicle (EV) maker was already priced in heading into its fourth-quarter earnings report.
The company also said today it is lowering prices on its Lucid Air EV between 1% and 10%, a reflection of falling prices in the industry.
As a result, Lucid shares had gained 5.7% as of 3:25 p.m. ET on a day when EV stocks were up broadly.
Source Fool.com
