Lucid Group, Align Technology being removed from prestigious Nasdaq 100 ranks

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PINAL COUNTY, AZ — After two years with a place in the prestigious Nasdaq 100 Index, electric luxury car maker Lucid Group Inc. is getting the bump.

The Newark, California-based Lucid — which builds its cars at a factory in Casa Grande in Pinal County — is being removed from the index, where it has been since December 2021, months after the company went public. Lucid’s removal will be official at the start of trading on Dec. 18.

Lucid (Nasdaq: LCID) is one of two companies…

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