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Why Lucid Stock Dropped, Then Recovered Friday

TheMotleyFool

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Why Lucid Stock Dropped, Then Recovered Friday: https://g.foolcdn.com/editorial/images/825740/robotaxi.jpg

Lucid Group (NASDAQ: LCID) stock had its largest intraday gain ever yesterday. Shares of the luxury electric vehicle (EV) maker gained as much as 45% before closing about 36% higher in Thursday trading. But investors are rethinking that move today.

Lucid stock sank as much as 8% this morning as investors digested two huge bits of news from yesterday. As of 11:50 a.m. ET, shares have recovered from that drop and remain near breakeven for the day.

Lucid's luxury Gravity SUV will be part of Uber's fleet of autonomous vehicles next year. Image source: Lucid Group.

Source Fool.com