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Why Lucid Stock Sank Today

TheMotleyFool

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Lucid Group (NASDAQ: LCID) is at a critical inflection point for its business. The electric vehicle (EV) maker began ramping up full customer shipments of its fully electric Gravity SUV this year. That's a critical product to help Lucid expand its customer base.

Investors have been either skeptical or unwilling to wait, as Lucid stock has dropped almost 60% this year. That plunge continued today with shares down 7.2% as of 10:45 a.m. ET.

Image source: Lucid Group.

Source Fool.com