What's Going On With Lucid Group Stock On Tuesday?

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Lucid Group shares gained 0.3% to $3.55 premarket following the introduction of flexible leasing options for the Lucid Air in Canada.
Lucid customers in Canada can now choose leasing options, and explore the Lucid Air’s features at studios in Toronto, Montreal, & Vancouver.
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Lucid Group, Inc. LCID shares traded marginally lower on Tuesday. The company announced that Lucid Financial Services has added leasing to its range of financing options in Canada.

Customers in Canada can now take advantage of flexible, transparent, and competitive leasing options, providing additional ways to drive the innovative Lucid Air, which offers up to 824 km of NRCan-estimated range.

"Not all electric vehicles are created equal, and now Canadian customers can experience the unrivaled performance and interior space of Lucid while taking advantage of flexible financing options designed to fit their life," said Peter Rawlinson, CEO and CTO of Lucid.

Also Read: Lucid CEO Peter Rawlinson Says His EV Tech Is 8 Years Ahead Of Elon Musk's Tesla

The company said customers can explore options and begin their journey to owning a Lucid Air online or visit Lucid Studios in Toronto, Montreal, and Vancouver for a closer look.

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"Our online process will also offer a high level of personalized support throughout to ensure the entire experience lives up to the service standard customers have come to expect from Lucid," Rawlinson added.

According to Benzinga Pro, LCID stock has lost over 48% in the past year. Investors can gain exposure to the stock via iShares Self-Driving EV and Tech ETF IDRV and VanEck Green Infrastructure ETF RNEW.

Price Action: LCID shares are trading lower by 0.93% to $3.22 at the last check Tuesday.

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