Lucid Stock Gains As Orders From Former Tesla Owners Surge: What's Going On?
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Lucid Group Inc. (NASDAQ: LCID) shares rose 3.51% to $2.50 on Tuesday, driven by increased orders from former Tesla owners, which account for 50% of new orders in the past two months. Interim CEO Marc Winteroff attributed this surge to negative sentiment surrounding Tesla CEO Elon Musk and his political involvement. Lucid's stock has gained momentum following better-than-expected fourth-quarter earnings, with a production target of 20,000 vehicles for 2025.
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