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Why Lucid Group Stock Blasted Nearly 4% Higher Today

Why Lucid Group Stock Blasted Nearly 4% Higher Today

Wednesday was a good day for the stock market generally, but it was an especially good day for Lucid Group (NASDAQ: LCID) investors. The first of the pair was an update on the EV industry by S&P Global Mobility. Citing U.S. electric vehicle registrations, the researcher said that while sector leader Tesla is still the dominant producer, it's losing market share as new vehicle makers enter the market.