Why Lucid Stock Jumped 16.6% in July

Investors in Lucid Group (NASDAQ: LCID) had a lot to chew on in July, including a massive robotaxi deal that stunned the markets. Lucid stock rallied 16.6% during the month, according to data provided by S&P Global Market Intelligence, even surging 48% at one point in trading.Shares, however, seem to be under pressure and have lost around 7% of their value in August so far, as of this writing. Was Lucid's July rally then a dead cat bounce, or is this an opportunity to buy a promising yet beaten-down electric vehicle (EV) stock?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool