Lucid Stock Is Falling Sharply as Recession Fears Grow

A recession could be very bad for the struggling maker of luxury EVs. Shares of Lucid Group (LCID -8.24%) were down sharply on Tuesday after new economic data raised fears of a recession. At 2:30 p.m. ET, Lucid's shares were down about 8.2% from Wednesday's closing price. New data suggests a recession could be looming Two fresh data points on Thursday suggested that the U.S. economy may be heading for a recession. First, initial jobless claims rose to 249,000 last week, higher than expected and the highest ...