Why Lucid Stock Dropped Today
Shares of luxury electric vehicle (EV) maker Lucid Group (NASDAQ: LCID) are tanking today. Investors can thank a rival EV maker for the move. Rivian Automotive announced a capital raise, and that has investors focusing on Lucid's capital needs, too.
Lucid shares dropped as much as 10%, and remained lower by 8.6% as of 12:15 p.m. ET.
Image source: The Motley Fool.
Source Fool.com
