Why Lucid Group Stock Is Soaring Today
Shares of Lucid Group (NASDAQ: LCID) were trading 13.2% higher as of 1:15 p.m. ET Thursday after having been up by as much as 15.3% earlier in the session. At the time, the S&P 500 had gained 0.4% and the Nasdaq Composite was up 0.7%.The electric vehicle (EV) maker announced Thursday that veteran Lucid engineer Emad Dlala had been promoted to the role of senior vice president of powertrain. Dlala was a central player in the development of many of Lucid's key technologies and vehicle systems, and it's clear that senior leadership has great faith in him."Emad has been instrumental in the development and advancement of Lucid's powertrain technology," CEO and CTO Peter Rawlinson said, asserting that he will bring "exceptional leadership" to the team.Continue reading
Shares of Lucid Group (NASDAQ: LCID) were trading 13.2% higher as of 1:15 p.m. ET Thursday after having been up by as much as 15.3% earlier in the session. At the time, the S&P 500 had gained 0.4% and the Nasdaq Composite was up 0.7%.
The electric vehicle (EV) maker announced Thursday that veteran Lucid engineer Emad Dlala had been promoted to the role of senior vice president of powertrain. Dlala was a central player in the development of many of Lucid's key technologies and vehicle systems, and it's clear that senior leadership has great faith in him.
"Emad has been instrumental in the development and advancement of Lucid's powertrain technology," CEO and CTO Peter Rawlinson said, asserting that he will bring "exceptional leadership" to the team.
