What's Going On With Lucid (LCID) Stock
Portfolio Pulse from Henry Khederian
Lucid Group Inc's shares are trading lower by 6.95% due to overall market weakness and concerns over further rate hikes following better-than-expected US jobs data. Higher interest rates can increase the cost of capital for electric vehicle companies like Lucid Group, impacting their ability to secure favorable terms for raising funds and potentially leading to higher component prices, affecting Lucid Group's manufacturing costs and overall profitability.
July 06, 2023 | 4:09 pm
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Lucid Group's stock is trading lower due to market weakness and potential rate hikes. Higher interest rates could increase the company's costs and impact its profitability.
The stock price of Lucid Group is falling due to overall market weakness and concerns over further rate hikes. Higher interest rates can increase the cost of capital for companies like Lucid Group, affecting their ability to raise funds and potentially leading to higher costs, which could impact the company's profitability.
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