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.

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Source Fool.com