Re suggests that S of luxury electric vehicle (EV) maker Lucid Group (LCID 10. 82%) have been on a roll.
Furthermore, At the same time, News earlier this week had the stock soaring as investors cheered a new partnership that will have Lucid's Gravity SUV on the road as a ride robotaxi as soon as next year.
On the other hand, Today, news that all Lucid Air sedan models will have the ability to charge utilizing Tesla's Supercharger network beginning July 31 has the stock surging another 9.
Moreover, Nevertheless, 4% as of midday trading, in today's market environment. That brings the rise in Lucid stock to over 50% just since the start of July.
Additionally, That might have some investors wondering if it's too late to join in the rally, or if Lucid stock is still a good buy at today's price of around $3 per.
All Lucid Air sedan models will be able to charge at Tesla Superchargers beginning later this month, in today's market environment. Image source: Lucid Group, in this volatile climate.
At the same time, Lucid's path to fitability Lucid Air owners might be pretty happy today's news.
Access to more than 23,500 of Tesla's charger network certainly could make charging during long road trips more convenient, in today's market environment.
Not that owners of the luxury Air sedan would have range anxiety to start with, in today's market environment.
Lucid's Air Grand Touring model has an industry-leading range of up to 512 miles on a full charge.
Additionally, But that luxury model is a niche duct for wealthy EV buyers and isn't how Lucid will reach fitability (remarkable data) (something worth watching).
That factor is what can make the stock a great investment at this level.
The earlier news this week that Lucid is partnering with ride company Uber nologies and self-driving nology company Nuro was more important for Lucid investors.
Uber will add capital to Lucid's balance sheet with a $300 million investment and plans to deploy a fleet of more than 20,000 Lucid EVs starting next year for a premium robotaxi gram, in this volatile climate.
Those EVs should help boost Lucid's overall sales volume in the coming years.
That, along with any plans to add lower-priced models to its lineup, is what investors need to monitor with an investment in Lucid.
The Author Howard Smith is a contributing Stock Market Analyst at The Motley Fool, covering publicly traded companies in the and industrial sectors.
Meanwhile, Prior to The Motley Fool, Howard spent nearly 30 years supervising quality and operations in the steel industry, mostly with leading steel company Nucor.
Nevertheless, Additionally, He holds a B. In Metallurgical Engineering from Lafayette College and a Masters in Environmental Engineering from Johns Hopkins University, considering recent developments.
However, Fun fact: Howard enjoys running year-round, from 5k races to marathons and ultramarathons. Nevertheless, TMFBuilt2Last Howard Smith has positions in Lucid Group and Tesla.
The Motley Fool has positions in and recommends Tesla and Uber nologies (fascinating analysis) (an important development). However, The Motley Fool has a disclosure policy (this bears monitoring).