Here is why Lucid Group Inc. (LCID) stock skyrocketed on Thursday?

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BTRS Stock
BTRS Stock

Lucid Group Inc. (LCID) shares surged 2.25% in after-hours on Thursday, October 28, 2021, and closed the daily trading at $36.28. Even in the regular trading session, LCID’s stock gained 31.31%. LCID shares have risen 267.67% over the last 12 months, and they have moved up 45.05% in the past week. Over the past three months, the stock has gained 49.58%, while over the past six months, it has gained 68.23%.

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LCID upcoming financial results

Lucid Group, Inc. (LCID) will host a conference call to discuss its third quarter 2021 results on Monday, November 15, 2021, at 2:00 pm PT / 5:00 pm ET.


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LCID first customer deliveries

On October 27, 2021, Lucid Group (LCID), announced initial customer deliveries of the Dream Edition launch versions of Lucid Air. The first group of Dream Edition reservation holders are invited to take delivery of their vehicles on Saturday, October 30. Highlights will be shared on Lucid’s social media channels throughout the weekend.

LCID entry into the Canadian market

On October 15, 2021, Lucid Group, announced pricing details of the full Lucid Air lineup for Canadian customers, which starts at $105,000 for Lucid Air Pure. Customers can now reserve all Lucid Air models online.

Lucid also announced its newest retail location, the Lucid Studio at CF Pacific Centre in Vancouver, B.C. The company plans to open its next Canadian Studio location in the Toronto area in 2022, with other Canadian locations to follow.

Delisting of Warrants

On October 12, 2021, Lucid Group, Inc (LCID) announced that all of its public warrants which have been listed and traded on The Nasdaq Stock Market under the symbol “LCIDW,” has been delisted from Nasdaq effective before the market opened on October 13, 2021.

On October 11, 2021, Nasdaq notified the Company that the Public Warrants continued to be traded, despite the Redemption. Subsequently, the Company and Nasdaq agreed that the delisting of the Public Warrants should occur on October 13, 2021.

LCID official EPA rating

On September 16, 2021, Lucid Group (LCID) announced that the Lucid Air Dream Edition Range has received an official EPA rating of 520 miles of range. ¹ It is the longest-range electric vehicle ever rated by the EPA – delivering at least 100+ miles of additional range over its closest competitor.

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Conclusion

The upcoming financial results schedule announcement and confirmation about the first customer deliveries were the reason behind its top-notch performance on Thursday. we can expect it to finish weekly trading on a positive note as well.

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