![]() The SUV market is hot in China as well, with compact SUV offerings from XPeng, Li (NASDAQ:LI), and Nio. The vehicle will no doubt compete with Tesla’s Model X, as well as SUV models from Audi, Volvo, and Volkswagen. Although production is not slated to begin until next year at the earliest, the electric vehicle world is already anticipating the newest Lucid model. The Lucid Gravity is still in prototype mode but we do know that the SUV will be built upon the same frame as the Lucid Air sedan. Tesla gained 1.45%, Nio (NYSE:NIO) added 4.83%, and XPeng (NYSE:XPEV) climbed 6.38% as the latter two saw a continued revival of Chinese listed ADRs. Industry leader Tesla (NASDAQ:TSLA) extended its gains from Thursday, as the stock finally recovered from the sell off following its earnings call on Monday. The electric vehicle sector in general was able to buck its trend from earlier in the week. The tech sector weighed heavily on the S&P 500, although the benchmark index did manage to finish July in the green, posting its sixth consecutive month of gains. Lucid outpaced the broader markets which failed to gain any traction on Friday following the earnings disappointment from Amazon (NASDAQ:AMZN) and Pinterest (NASDAQ:PINS), as well as Facebook (NASDAQ:FB) and PayPal (NASDAQ:PYPL) earlier in the week. Shares of Lucid gained 1.58% on Friday and closed the final trading day of July at $23.72. #Churchill capital stock lucid motors full#NASDAQ:LCID finished its first full week of trading on a positive note, snapping a three-day losing streak following its merger with CCIV. LCID stock lost 4% on the day to close at $22.63, near-dally lows of $22.55. Meanwhile, downbeat US ADP jobs data raised concerns about the country’s labor market recovery, denting the market mood. Update August 5: Lucid Group Inc (NASDAQ:LCID) fell for the third straight session amid a down day across the Wall Street indices amid covid concerns and hawkish comments from Fed Vice-Chair Richard Clarida. Lucid releases new details about its upcoming Gravity SUV.EV Stocks rise to close July as Tesla recovers from earnings selloff.NASDAQ:LCID maintains the sour tone after Fed's Clarida. ![]()
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