Earlier today, Lucid stock was up 6%, though around noon ET it was negative on the day. Similarly, Rivian was up 4.8% earlier but had dipped down to a 0.80% gain. Surprisingly, Te

Tesla stock saw a post-election surge, but shares of smaller rival Lucid retreated. Investors seem to think Lucid will be more of a victim.

That led Tesla stock to soar by 27.7% as of late Friday morning, according to data provided by S&P Global Market Intelligence. It's not just because CEO Elon Musk looks to have gotten close to the president-elect,

What's the Trump effect on the EV market? Depends: smaller players like Rivian and Lucid may be at risk, while Tesla has the scale, profitability, and Trump connection to make it work.