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Lucid stock rises after Lucid Air wins MotorTrend car of the year

Yahoo Finance’s Julie Hyman and Brian Sozzi report on Lucid Group's earnings and Lucid Air winning the title of MotorTrend car of the year.

Video Transcript

JULIE HYMAN: Lucid being awarded the 2022 MotorTrend Car of the Year, and most people can't even buy the thing yet, right? I mean, have they shipped the Lucids yet?

BRIAN SOZZI: It runs. It looks cool. They're shipping some, but it's not-- this is not mass-market stuff yet.

JULIE HYMAN: No, this is a luxury vehicle. Those Lucid shares, oh, that's quite a contrast, isn't it? It's up 2.5%. So Musk maybe not too pleased about that news this morning. That MotorTrend Car of the Year definitely a status symbol, right? And it can be a selling tool for some of these cars, Soz.

BRIAN SOZZI: Yeah, it's not unlike, really, the Yahoo Finance Company of the Year. You know, we move markets as well, Julie.

JULIE HYMAN: Indeed.

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