Why Lucid Stock Is Sinking Today [Yahoo! Finance]
Lucid Group, Inc. (LCID)
Company Research
Source: Yahoo! Finance
Lucid stock is falling due to catalysts related to the results of the U.S. presidential election. With Donald Trump's win, investors think that the incoming administration could bring negative catalysts for the electric vehicle ( EV ) industry. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » With Trump set to return to the White House in January, some significant policy shifts are on the horizon, and the change in administration could create headwinds for players the EV market. Some investors expect that the Trump administration will do away with incentives and tax rebates that have helped promote EV purchases. If that happens, that could hurt demand for Lucid's vehicles. Additionally, it could make it harder for smaller players to compete against Tesla and gain market share in the space. While Lucid is seeing big sell-offs today, Tesla stock is surging . The EV leader's share price was up 14.1% as of this writing.
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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 Falling 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