Lucid Group's Trading Volume Surges to $219 Million, Outpacing Peers Despite Stock Decline

On June 13, 2025, Lucid Group (LCID) experienced a significant trading volume of $219 million, marking a 53.51% increase from the previous day. However, the stock price declined by 2.78%, extending its losing streak to four consecutive days, with a total decrease of 5.83% over this period.

Lucid Group has made notable progress in its vehicle development. The company is currently housing the first prototypes of its upcoming midsize electric vehicle (EV) at Nikola's former headquarters in Phoenix, Arizona. This midsize EV is expected to start at approximately $50,000, representing a significant step towards a more affordable model in Lucid's lineup. The new Phoenix Hub facility, which opened this week, is playing a crucial role in this development, showcasing Lucid's commitment to expanding its product offerings and advancing its innovation capabilities.

Lucid's Innovation Hub in Phoenix was recently featured on Fox 10 News, highlighting the facility's role in housing early prototypes of the company's upcoming mid-size SUV. This development underscores Lucid's strategic investments in research and development, positioning the company to compete more effectively in the growing EV market.