Why Lucid Stock Is Falling Today [Yahoo! Finance]
Lucid Group, Inc. (LCID)
Company Research
Source: Yahoo! Finance
Lucid's share price was down by 7.6% as of noon ET. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Former Congressman Lee Zeldin was chosen by Trump to head up the EPA yesterday, and that likely spooked some Lucid investors because Zeldin has voiced some less-than-favorable stances toward green projects in the past. The U.S. government currently offers a tax credit up to $7,500 for some new EV purchases, but some people are concerned that EPA's stance toward electric vehicles could shift under the new administration. Trump said back in August that he is open to ending the current EV tax credits. Of course, there's not telling exactly how the new administration might affect the EV market, but the uncertainty comes at a time when Lucid and other electric vehicle start-ups are trying to find their footing. Any shift in the EPA's stance away from promoting or assisting the EV market could have negative consequences for
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LCID
News
- LUCID ALERT: Bragar Eagel & Squire, P.C. is Investigating Lucid Group on Behalf of Long-Term Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
- Lucid opens Gravity orders in bid to reshape SUV market [Yahoo! Finance]Yahoo! Finance
- Where Will Lucid Stock Be in 1 Year? [Yahoo! Finance]Yahoo! Finance
- Lucid Group, Inc. (NASDAQ: LCID) had its price target lowered by analysts at Royal Bank of Canada from $3.00 to $2.00. They now have a "sector perform" rating on the stock.MarketBeat
- Why Lucid Stock Is Jumping Today [Yahoo! Finance]Yahoo! Finance
LCID
Earnings
- 11/7/24 - Beat
LCID
Sec Filings
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 11/4/24 - Form SC
- LCID's page on the SEC website