US Stock Market Move | Q2 sales increased by 38% year-on-year, reaching a new high in history. Lucid Group (LCID.US) rose more than 6%.

On Thursday, Lucid Group (LCID.US) surged over 6%, to $2.17. On the news front, the company reported second-quarter sales of 3,309 vehicles, up 38% year-on-year, setting a record high for any quarter. In the first half of the year, total deliveries reached 6,418 vehicles, an increase of nearly 50%. These results highlight the importance of having new car models. Lucid recently started delivering its Gravity sport utility vehicle, which is its second model. Lucid also sells its Air sedan.