What's Going On With Lucid (LCID) Stock
Portfolio Pulse from Henry Khederian
Lucid Group Inc's (LCID) shares are trading lower by 3.38% to $7.00, in sympathy with Tesla Inc's reported Q2 earnings results. Tesla's Q2 revenue rose 47% YoY to $24.93 billion, surpassing the consensus estimate of $24.48 billion. LCID has a 52-week high of $21.78 and a 52-week low of $5.46.
July 20, 2023 | 2:52 pm
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Lucid Group's shares are trading lower following Tesla's Q2 earnings report. The company's 52-week high is $21.78 and its 52-week low is $5.46.
Lucid Group's stock price is falling in sympathy with Tesla's Q2 earnings report. This suggests that investors are reacting to Tesla's earnings and applying similar expectations to Lucid Group. Given the 3.38% drop, it's likely that the stock price will continue to be affected in the short term.
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