Why Lucid Stock Rocketed 280% in 2021

Motley Fool2022-01-13

What happened2021 was a stellar year for electric vehicle (EV) stock Lucid Group, with its shares gaining a whopping 280.1% in the year, according to data provided byS&P Global Market Intelligence. In...

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Comments

JaneJane
2022-01-13
JaneJane
Rocket
Boliao
2022-01-13
Boliao
Like pls
andrewtingg
2022-01-13
andrewtingg
Like
iamkx
2022-01-13
iamkx
Kk
Agneschl
2022-01-13
Agneschl
Like
YP
2022-01-13
YP
Ok

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In...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/12/why-lucid-stock-rocketed-280-in-2021/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LCID","symbol_name":"Lucid Group Inc","start_time":0,"source_url":"https://www.fool.com/investing/2022/01/12/why-lucid-stock-rocketed-280-in-2021/","article_id":"1116655080","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1116655080","pubTimestamp":1642063449,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"What happened2021 was a stellar year for electric vehicle (EV) stock Lucid Group, with its shares ga","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LCID":"Lucid Group Inc"},"translate_title":"Lucid股票为何在2021年暴涨280%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LCID":0.9},"content_text":"What happened2021 was a stellar year for electric vehicle (EV) stock Lucid Group, with its shares gaining a whopping 280.1% in the year, according to data provided byS&P Global Market Intelligence. In fact, Lucid shares listed in the U.S. in July but soared only in the last quarter of 2021 after major developments at the company stunned the market. Could 2022 be another winning year for Lucid? For that matter, the stock is already up around 20% since the start of the new year.So whatFor several years, Lucid claimed to be building luxury electric cars with a battery range that could give competitors a run for their money. Many laughed off Lucid's claims until mid-September 2021 when Lucid Air Dream Edition was officially accorded the longest-range rating for EVs yet by the U.S. Environmental Protection Agency (EPA). At 520 miles, Lucid Air Dream beat its closest competing car -- Model S from Tesla --by more than 100 miles.Lucid's EPA rating stunned EV investors, and the company soon announced the end of October as the deadline for deliveries of the first batch of Air Dream Editions. Lucid delivered on its promise and handed out the first keys to Air Dream at a big event it hosted on Oct. 30.Lucid stock rocketed more than 70%in just the week prior to the event.In the days that followed, Lucid Air started to receive glorious reviews from everywhere, withMotor Trendeven crowning it as the 2022 Car of the Year. Lucid's third-quarter earnings report released mid-November ensured continued momentum in the stock price.Although Lucid didn't generate any revenue, it revealed that the 13,000 reservations it had secured by the end of Q3 across all its four models -- from the lowest-priced Air Pure to Air Touring, Air Grand Touring, and Air Dream -- were worth around $1.3 billion. 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