Lucid Stock Is Surging Higher Again Today. Is It Still a Buy Around $3?
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Lucid Group's stock has surged over 50% since July, driven by a new partnership with Uber and the ability for all Lucid Air models to charge at Tesla's Supercharger network starting July 31. The stock rose 9.4% today, prompting investors to consider if it's still a good buy at around $3 per share. The partnership with Uber includes a $300 million investment and plans for a fleet of 20,000 Lucid EVs for a premium robotaxi program, which could significantly boost sales volume and profitability.
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