November 21, 2024 10:05 am
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Lucid to join prestigious Nasdaq-100 Index

By Jeff Gifford | Phoenix Business Journal

Just five months after going public and less than two months after delivering its first vehicles, electric luxury automaker Lucid Group Inc. is being added to the Nasdaq-100 Index.

The move is a significant milestone for the California-based company, whose cars are being built at its growing new factory in Casa Grandesouth of Phoenix. The Nasdaq 100 is made up of the Nasdaq’s largest and best-performing nonfinancial companies, based on market capitalization.

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