EV maker Lucid’s stock rallies to best in eight months

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Shares of Lucid Group Inc. LCID, +4.26% rose 31% to close at $35.48 on Thursday, their highest close since Feb. 22, when it closed at $57.37, and their largest one-day percentage increase since Feb. 16, when it rallied 32%. Lucid earlier this week announced that deliveries of its first “dream edition” Lucid Air electric luxury sedans will begin on Saturday. Lucid started production at its factory in Casa Grande, Ariz., last month. The electric sedans start at $77,400, but the top-of-the-line trim starts at about $170,000. Lucid shares have more than tripled this year, compared with gains of around 22% for the S&P 500 index. SPX, +0.19%

This article was originally published by Marketwatch.com. Read the original article here.

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