What's Going On With Lucid (LCID) Stock
Portfolio Pulse from Henry Khederian
Lucid Group Inc's (LCID) shares are trading higher by 4.8% to $7.42, rebounding after Thursday's weakness. The rise is attributed to better-than-expected U.S. jobs data, which could lead to further rate hikes. Higher interest rates can increase the cost of capital for electric vehicle companies like Lucid, impacting their ability to secure favorable terms for raising funds and potentially leading to higher component prices.

July 07, 2023 | 3:47 pm
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Lucid Group's stock is rebounding due to positive U.S. jobs data. However, potential rate hikes could increase the company's cost of capital, affecting its ability to raise funds and potentially increasing component prices.
The stock is rebounding due to positive U.S. jobs data, which is a good sign for the economy and can boost investor confidence. However, the potential for further rate hikes could increase the cost of capital for Lucid, making it more expensive for the company to raise funds. This could impact the company's growth plans and investment in research and development, manufacturing capacity, and infrastructure. Additionally, higher interest rates could lead to increased costs for raw materials and other inputs, which could increase Lucid's manufacturing costs and affect its profitability.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100