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Why Lucid Stock Is Sinking Today

TheMotleyFool

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Lucid (NASDAQ: LCID) stock is falling in Monday's trading. The company's share price was down 6.3% as of 3 p.m. ET. At the same point in the day's trading, the S 500 (SNPINDEX: ^GSPC) was down 0.3%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was down 0.2%.

Despite some potentially good news about a new supercomputing partnership, Lucid is moving lower today due to concerns about tariffs and the long-term implications surrounding the partnership. Investors may also be feeling some jitters heading into the company's first-quarter earnings release tomorrow.

Image source: Getty Images.

Source Fool.com

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