Why Lucid Stock Is Falling Today
Portfolio Pulse from
Lucid stock is experiencing a decline due to investor concerns over President-elect Donald Trump's choice for the EPA head, which may impact environmental regulations and the electric vehicle market.
November 12, 2024 | 5:30 pm
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NEGATIVE IMPACT
Lucid stock is falling as investors express concern over Trump's EPA pick, which could lead to changes in environmental regulations affecting the electric vehicle market.
The appointment of a new EPA head by President-elect Trump raises concerns about potential rollbacks in environmental regulations. This could negatively impact the electric vehicle market, including companies like Lucid, leading to a decline in stock prices.
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