Electric vehicle (EV) manufacturer Lucid Group (LCID 1.68%) closed at $2.11 on Monday, gaining $0.03 or 1.4%. Trading volume reached 85.9 million shares, below its three-month average of 138.7 million. The company's market cap stood at $6.33 billion, with the stock trading between $2.08 and $2.19 during the session. Over the past year, shares have ranged from $1.93 to $4.40.
Broad market strength supported the move. The S&P 500 (^GSPC 0.41%) rose 26.62 points, or 0.4%, to 6,465.94, while the Nasdaq Composite (^IXIC 0.44%) gained 94.98 points, or 0.4%, to 21,544.27.
Among its peers, Rivian Automotive (RIVN 0.76%) finished at $13.21, up $0.10 or 0.8%, while Tesla (TSLA 1.42%) advanced to $351.67, up $5.07 or 1.5%.
The stock's modest rebound follows Lucid's 1-for-10 reverse stock split earlier this month, aimed at maintaining Nasdaq listing compliance. However, the company continues to contend with weaker-than-expected EV deliveries and uncertainty in leadership after its CEO stepped down in February. Investors will be watching for progress on production and the appointment of a permanent chief executive as potential catalysts ahead.
Market data sourced from Google Finance and Yahoo! Finance on Tuesday, Aug. 26, 2025.
