What's Going On With Lucid (LCID) Stock
Portfolio Pulse from Henry Khederian
Lucid Group Inc's (LCID) shares fell by 0.94% to $6.86 during Friday's session, despite no company-specific news. The drop is attributed to a general decline in EV stocks following Tesla's Q2 earnings report. Tesla's gross margins were down from 25% YoY, which could lead to a reevaluation of Lucid's stock price based on more conservative projections.
July 21, 2023 | 5:15 pm
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Lucid's stock price fell by 0.94% due to a general decline in EV stocks following Tesla's Q2 earnings report. Tesla's lower gross margins could lead to a reevaluation of Lucid's stock price.
Lucid's stock price fell despite no company-specific news. This is likely due to the overall decline in EV stocks following Tesla's Q2 earnings report. Tesla's lower gross margins could lead to a reevaluation of Lucid's stock price based on more conservative projections.
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RELEVANCE 100