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Lucid Group Shares Open Higher After First Vehicle Deliveries -Breaking

by Mike Robinson

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© Reuters

Sam Boughedda

Investing.com — American manufacturer of electric vehicles Lucid Group Inc (NASDAQ) saw its shares rise Monday, after it delivered its first dream edition cars over the weekend.

“No longer only a Dream. Lucid tweets that the very first #LucidOwnersClub members are now here to receive their Dream Editions.

Lucid shares closed the session at $40. They are currently listed around the $38.50 mark. That’s 0.5% higher than Friday’s close.

Over the weekend the owners club hosted a meeting at which members were able to take delivery of their cars.

This is an important day. Lucid’s CEO Peter Rawlinson stated that “until we hand cars to customers, it’s not achieved anything.”

To showcase their cars’ capabilities, new owners drove the cars through the Lucid Owners Club inaugural rally.

Lucid announced last week it will follow up on the Air Dream edition’s deliveries by delivering Lucid Air Grand Touring versions.

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