Lucid Group Inc's stock experienced a significant surge of 5.08% during intraday trading on Tuesday. The electric vehicle manufacturer's shares moved sharply higher as investors positioned themselves ahead of a key company event.

The price movement appears driven by market anticipation for Lucid's fourth-quarter earnings report, scheduled for release after the market closes. Analysts are expecting the company to report a loss of $2.64 per share on revenue of $469.20 million. Options market activity suggests traders are preparing for potential volatility, with implied volatility indicating an anticipated 11.7% move in the share price following the earnings announcement.