Reported 2 days ago
Lucid Group Inc. (NASDAQ:LCID) saw its stock surge by 8.66% on Friday, closing at $2.51, driven by investor enthusiasm over its ambitious expansion plans, despite reported mixed earnings for the first quarter of the year. The company aims to more than double its vehicle production to 20,000 units annually, having delivered 3,109 units worth $235 million in sales in the first quarter. Despite a widening net loss for shareholders, Lucid's growth in revenue and effective operational strategies positioned it as one of the top-performing stocks of the day.
Source: YAHOO