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Shares of Lucid Group ( LCID 9.98%) are climbing on Tuesday. The luxury electric vehicle maker 's stock gained 10.4% as of 1:52 p.m. ET. The rise comes as the S&P 500 ( ^GSPC -0.09%) and Nasdaq Composite ( ^IXIC -0.04%) were relatively flat.

Lucid Group stock price jumped sharply on Tuesday after the company received a Guinness World Record. What next for LCID share price?

Similarly, Lucid's long-term value may be more related to services than manufacturing. Earlier this year, Peter Rawlinson, Lucid's outgoing CEO, stressed that the company's software and technology stack could eventually be licensed to other automakers worldwide. "I'd love it to be 20-80," Rawlinson said. "Twenty percent doing cars, 80% licensing."

Lucid has a lot of room to grow. It's a reasonable question, if you're interested in electric vehicles and investing in them: How much money would you have today if you'd plunked $10,000 into Lucid Group (NASDAQ: LCID) three years ago?

Lucid Group (LCID) stock has faced headwinds, plunging 24% YTD due to EV market slowdown, rising competition, and other challenges.

Lucid Group ( LCID -2.08%) stock had its largest intraday gain ever yesterday. Shares of the luxury electric vehicle (EV) maker gained as much as 45% before closing about 36% higher in Thursday trading. But investors are rethinking that move today.