Lucid Group shares are trading lower amid weakness in EV stocks following Tesla delivery figures.
Portfolio Pulse from Benzinga Newsdesk
Lucid Group shares are trading lower due to a downturn in the electric vehicle (EV) sector, triggered by Tesla's recently reported delivery figures.
April 02, 2024 | 7:44 pm
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Lucid Group's stock is experiencing a decline, influenced by negative sentiment in the EV market following Tesla's delivery report.
Lucid Group's stock decline is directly tied to the broader electric vehicle market's reaction to Tesla's delivery figures. As Tesla is a market leader, its performance often sets the tone for investor sentiment across the sector, affecting stocks like LCID.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90