LCID Stock News: Lucid Group Inc rises as all EV boats rise with Tesla’s tide

NASDAQ:LCID gained 5.21% during Tuesday’s trading session.
The EV sector surged on Tuesday led by Tesla, Rivian, and Nio.
Reports are that the Austin GigaFactory is close to delivering vehicles.

Stocks Reporter FXStreet

NASDAQ:LCID extended its gains this week with a second straight positive session on Tuesday. Shares of Lucid jumped by 5.21% and closed the trading session at $28.87. Global markets were upbeat on Tuesday as it was reported that Russian troops moved away from the Ukraine border and back to their bases in Russia. It wasn’t an official announcement that the attack had been called off but it was enough for investors to buy back into the recent weakness. The NASDAQ led the way as the tech-heavy index gained 2.53%, while the S&P 500 climbed by 1.58%, and the Dow Jones added 422 basis points after snapping its recent three-day slide.

Stay up to speed with hot stocks' news!

Electric Vehicle stocks were amongst the big winners on Tuesday led by industry leader Tesla (NASDAQ:TSLA) which jumped by 5.33%. Electric truck maker Rivian (NASDAQ:RIVN) also gained after another major hedge fund added a significant stake in the company, following in the footsteps of George Soros. Finally, Chinese EV makers also rebounded, particularly Nio (NYSE:NIO) which announced a third new model, the ES7 SUV, to be released by the end of the year.

Lucid Motors stock forecast

Tesla’s gains were what buoyed the EV sector on Tuesday, as the EV maker had a couple of positive headlines. First, CEO Elon Musk reportedly donated $5 billion worth of Tesla shares to charity during his stock sell off earlier this year. In addition to this, it has been reported that Model Y vehicles have been spotted leaving Tesla’s new Austin GigaFactory. Once Austin and Berlin’s GigaFactories are online, Tesla anticipates growing its production by 50% per year for the foreseeable future.

Like this article? Help us with some feedback by answering this survey:

Author

Stocks Reporter

FXStreet

GBP/USD flirts with weekly highs in the Fed's aftermath

GBP/USD reversed early losses following the Federal Reserve decision to keep rates on hold and neared the 1.3360 level before shedding some ground. Focus shifts to Governor Kevin Warsh's speech, while the Bank of England will announce its monetary policy decision on Thursday.

EUR/USD extends rally pass 1.1450 on Fed's Warsh

EUR/USD trades at fresh weekly highs above 1.1450, following the Federal Reserve monetary policy decision to keep interest rates on hold. The statement showed policymakers remain confident in economic progress while blaming inflation on energy prices. The divided vote among officials put in doubt a September hike, leading to sharp US Dollar losses.

Gold hovers around $4,100 as Fed decision hits the USD

Gold surged following the Federal Reserve's decision to keep the benchmark interest rate unchanged at 3.50%-3.75%. Policymakers noted that inflation remains elevated and that economic activity is expanding at a solid pace despite elevated uncertainty, spurring doubts about a rate hike in September. XAU/USD peaked above $4,100, now battling to retain the level.

No soft target: Warsh vows to return inflation to 2%

The Fed left interest rates unchanged at 3.50%-3.75%, but the decision carried a distinctly hawkish edge as three officials voted for an immediate 25-basis-point increase. Chair Kevin Warsh reinforced that message, insisting there was no tolerance for a softer inflation target and warning that the Fed would not hesitate to act.

How the CLARITY Act unlocks Wall Street’s tokenization pipeline

The United States (US) Digital Asset Market Clarity Act (CLARITY Act), awaiting a full Senate floor vote, promises to unlock Wall Street’s potential to tokenize financial assets, including equities, US Treasuries, private credit, real estate and commodities at a scale that could supercharge the real-world asset (RWA) market from the current $17 billion level to $5.5 trillion by 2030, according to

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.