Lucid stock rises after Lucid Air wins MotorTrend car of the year

In this article:

Yahoo Finance’s Julie Hyman and Brian Sozzi report on Lucid Group's earnings and Lucid Air winning the title of MotorTrend car of the year.

Video Transcript

JULIE HYMAN: Lucid being awarded the 2022 MotorTrend Car of the Year, and most people can't even buy the thing yet, right? I mean, have they shipped the Lucids yet?

BRIAN SOZZI: It runs. It looks cool. They're shipping some, but it's not-- this is not mass-market stuff yet.

JULIE HYMAN: No, this is a luxury vehicle. Those Lucid shares, oh, that's quite a contrast, isn't it? It's up 2.5%. So Musk maybe not too pleased about that news this morning. That MotorTrend Car of the Year definitely a status symbol, right? And it can be a selling tool for some of these cars, Soz.

BRIAN SOZZI: Yeah, it's not unlike, really, the Yahoo Finance Company of the Year. You know, we move markets as well, Julie.

JULIE HYMAN: Indeed.

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