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Stock impact report

Why Did Lucid Stock Soar This Week? [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
10 stocks we like better than Lucid Group › Lucid Group (NASDAQ: LCID) hopes 2026 is a transformative year for the electric vehicle (EV) maker. After launching only its second vehicle type last year, the company and its shareholders hope to see a meaningful boost to sales volume. Shares are jumping this week on another avenue of progress, however. As of midday Friday, Lucid stock has surged 12% this week, according to data provided by S&P Global Market Intelligence Saudi Arabia's Public Investment Fund (PIF) was an early investor providing several rounds of critical funding for the luxury EV start-up . Its position has grown, and PIV is Lucid's largest shareholder, owning approximately 60% of the company. It wasn't planned as just a passive investment, either. Lucid builds its vehicles at its Arizona plant but has also been shipping to Saudi Arabia for final assembly. In the third quarter, the company built an additional 1,000 vehicles for final assembly and sale there. Thi Show less Read more
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