High-end electric vehicle (EV) maker Lucid Group (LCID 4.47%) enjoyed a nice share price bump on Monday. The company’s stock closed nearly 5% higher on the day, thanks in no small part to a new deal it signed in an important foreign market. By contrast, the S&P 500 index declined marginally in Monday’s session.
A new partnership with an airline in Saudi Arabia
That day, Lucid’s business partner, Riyadh Air, announced that the two companies had signed a memorandum of understanding to collaborate. The partnership will see the pair team up in marketing activities, commercial ventures, and…
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