Lucid gains amidst sinking EV-stocks

The EV-stocks have been in the trend for a while, so does Lucid. The fact to be noted is that it has fairly outperformed it’s big time rivals like Tesla and Rivian in today’s trading session.

Lucid Stock Performance

Lucid Group Inc. (LCID) saw its stock gain substantially when other EV-stocks dipped considerably. The LCID stock surged 13% (up by 4.97 points) and traded at $43.19 at 12:51 p.m. ET. The market capitalization was valued at $66.4 billion. Moreover, the 24-hour trading volume of the shares was 27,384,460. However, the share volume traded was much less than the average volume of 86,533,535.

The stock had earlier dropped by a considerable 6.92% on Wednesday. The stock closed at $36.68, down 2.73 points from its previous close of $39.41. However, it has rebounded considerably since then.

Last year was a fruitful one for Lucid. The LCID shares were valued at $10.04 after the trading session on January 4, 2021. The stock, on December 31, 2021, closed at $38.75, up by 4.81% (1.78 points). Therefore, in the year 2021, the stock has surged by a whopping 285.9%.

Tesla and Rivian stock

Tesla Inc. (NASDAQ: TSLA), the largest EV-maker, has seen its stock dropping today. The TSLA stock had lost 2.79%, down by 29.70 points, and traded at $1,035 at 12:19 p.m. ET. The market capitalization stood at $1.04 trillion. The 24-hour trading volume was 13,783,932 which was almost half of the average share volume of 27,460,087.

The TSLA stock was recently nearing the $1,200 mark again, however, it now is dipping instead of reaching new heights. In the beginning of the year 2022, on January 3, the shares closed at $1,199.78. Since then, the stock has lost a huge 13.73%, dropping by a massive 164.78 points.

Rivian Automotive Inc. (NASDAQ: RIVN), the fairly new-entrant in EV-stocks, has seen its stock dipping for the entire week now. The RIVN stock fell by 2.91% (down by 2.54 points) and traded at $84.79 at 12:28 p.m. ET. The market capitalization stood at $76.5 billion. The 24-hour trading volume was 7,921,613.

The RIVN stock has lost a huge 17.45% this week. The stock had closed at $102.72 on Monday. At the time of writing, the share prices came down by 17.93 points. Everyday in this week was a ‘red’ day for the stock.

The stock market statistics show that Lucid has aced the race today leaving behind the other popular EV-stocks. Investors interested in EV-stocks should watch out for such updates in order to make their investing choice without any hassle.

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