Benzinga | Oct 25, 2021 03:28PM EDT

Why Lucid Shares Are Rising

Lucid Group Inc (NASDAQ:LCID) shares are trading higher after the company tweeted photos of its vehicles on a transport truck. Lucid shares are also trading higher possibly amid strength in EV names following Tesla Inc's (NASDAQ:TSLA) deal with Hertz and Xpeng's Tech Day event.

Hertz's order for 100,000 Tesla vehicles by the end of 2022 is the biggest EV order ever placed and is valued at $4.2 billion, analyst Daniel Ives said in a note... Read More

Lucid is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains and battery systems in-house.

Lucid has a 52-week high of $64.86 and a 52-week low of $9.60.