Lucid Shares Gain as EV Maker Boosts Revenue
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Lucid Group's shares rallied in extended-hours trading Monday, after the electric-car maker's revenue surged ahead of Wall Street’s expectations and the company secured another tranche of funding. The electric-vehicle startup is still ramping up production of its first model, the Lucid Air, while it gets ready to release a new SUV model, called the Gravity, to customers this year.