Why Lucid Stock Fell 9% This Week
Portfolio Pulse from
Lucid Group's stock fell 9.4% this week due to President Trump's decision to rescind EV production mandates and potential elimination of tax incentives for electric vehicles.
January 24, 2025 | 6:00 pm
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NEGATIVE IMPACT
Lucid Group's stock fell 9.4% this week due to President Trump's decision to rescind EV production mandates and potential elimination of tax incentives for electric vehicles.
The stock price of Lucid Group fell significantly due to regulatory changes announced by President Trump, which directly impact the EV sector. The removal of mandates and potential tax incentives could hinder Lucid's growth and market competitiveness.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100