Why Choose Lucid Inc. Stocks?
Lucid Inc. Skyrocketed as much as 241% after a similarly named company, Lucid Motors, told Reuters that its luxury sedan, the Air, will deliver an estimated EPA range of 517 miles on full charge.
If Lucid Motors is able to deliver on the claim, it would become the first electric-vehicle maker to develop a car with a range of more than 500 mile. According to Lucid Motors, the 517-mile range was verified in independent tesing.
The Air is expected to go on sale in 2021, which will then be followed by a SUV expected in 2023.