Why did Lucid Stock jump today? EV stocks got a boost from Ford
MicroStockHub
Lucid Group (NASDAQ:LCID) rallied 6.55% on Monday on a strong day overall for the electric vehicle sector.
The solid gains for the electric vehicle sector followed a rough stretch during the earnings season that is now largely in the rear-view mirror. A number of announcements by Ford (F) at the automaker's Capital Markets Day (F), including on new lithium deals to secure EV battery supplies, were taken as broadly positive developments for the sector as a whole to help stoke the rally to start the week.
Earlier on Monday, Lucid Group (LCID) announced pricing in Europe for the Air Pure AWD and Air Touring. The electric vehicle maker said that tith the first Lucid Air Dream Edition and Air Grand Touring vehicles already on the road in Germany and The Netherlands, the next two Lucid Air trims â Air Pure AWD and Air Touring â are notable for being equipped with Lucid's Long Range Battery Pack. That battery pack is noted to be smaller and lighter.
Volume on Lucid Group (LCID) for the regular session on Monday was over 17M shares. Short interest on the EV stock is at about 24% of the total float.
More on Lucid Group:

Lucid: I Wouldn't Touch It With A Ten-Foot Pole
More articles from Seeking Alpha analysts
Growth metrics on Lucid Group
Lucid Group earnings call transcript
Seeking Alpha's Quant Rating for Walmart