The Lucid stock price has seen a 23% surge today as the company’s market value cruised past that of Ford. Lucid market value now stands at about $89.9 billion.
Amazingly, Lucid stock price is on the rise despite the company reporting a net loss of about $524 million in Q3, 2021. The hike in the stock price is mainly attributed to the increased reservations and a confirmation of its production target for 2022.
To help stock traders eying the Lucid stock, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
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What is Lucid stock?
Lucid stock is the stock of Lucid Group, Inc. and it trades on NASDAQ under the symbol NASDAQ: LCID.
Lucid Group, Inc. is one of the sprouting electric automakers in the US and it is headquartered in Newark, California.
Besides electric vehicles, Lucid also has investments in energy storage and original equipment manufacturing.
Should I buy the NASDAQ: LCID stock today?
Yes, Lucid stock has shown a strong performance despite the company reporting a loss of about half a billion for Q3, 2021.
Lucid stock price prediction
The Lucid stock price is expected to keep on rising for the remaining part of 2021 especially seeing that the loss Q3 report did not affect the stock’s performance.
$LCID stock social media coverage
The post EV start-up Lucid’s market value surges past Ford as its shares skyrocket: here is where to buy Lucid stock appeared first on Invezz.