Lucid Group, Inc. (NASDAQ:LCID) shares are trading higher Friday. On Thursday, the EV company shared a picture of its Sapphire model on the production line.
What To Know:
Lucid Motors shared a photo of its limited-production, super-sports sedan Sapphire model EV on Twitter. “The world’s first luxury electric super-sports sedan will be available soon,” the company wrote in the social media post. The vehicle will be available in the U.S. for $249,000.
Shares of LCID are up more than 8% on above-average trading volume Friday and have gained nearly 35% over the last month. According to Benzinga Pro, more than 40 million LCID shares have already been traded, compared to the stock’s 100-day average of just under 42.3 million shares.
Lucid Motors will release its second quarter financial reports on Aug. 7 after markets close and will host a conference call to discuss the results at 5:30 p.m. ET the same day.
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WETG Price Action: According to Benzinga Pro, Lucid Motors shares are trading 8.13% higher at $7.45 at the time of publication.
Image: Courtesy of Lucid Group, Inc.
