Why Lucid Group Stock Soared Friday

Why Lucid Group Stock Soared Friday

Yesterday, the Environmental Protection Agency confirmed what Lucid CEO and chief technology officer Peter Rawlinson has been saying for some time. The company's top line electric vehicle -- the Air Dream Edition -- has become the first electric vehicle ever to exceed a range of 500 miles on a single charge. The EPA has officially given the range edition of the Air Dream a range rating of 520 miles.