text:  Electric vehicle competitor Lucid was up 3.8% following the news, and staying with EVs, Tesla stock was up 5.2% after receiving a ratings upgrade from analysts due to the revamping of their Model 3 and Model Y vehicles, along with the launch of their new next-generation Model 2. The analyst price target on Tesla stock at $265 per share would be a 41% increase from today's closing price.