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Why Lucid Stock Is Sinking Today

TheMotleyFool

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Lucid (NASDAQ: LCID) stock is losing ground in Wednesday's trading. The company's share price was down 6% as of 2:30 p.m. ET and had been down as much as 10.2% earlier in the day's trading.

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.

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.

Source Fool.com

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