Why Lucid Stock Is Sinking Today

Lucid (LCID -7.85%) stock is heading lower in Friday's trading amid a day of big sell-offs for the broader market. The electric vehicle (EV) specialist's share price was down 7.6% as of 3:40 p.m. ET. Meanwhile, the S&P 500 (^GSPC -1.73%) was down 1.7%, and the Nasdaq Composite (^IXIC -2.25%) was down 2.2%.Lucid is retreating today due to a combination of catalysts. In addition to bearish macroeconomic indicators, the company's share price is likely also being pressured by guidance from Rivian -- another pla ...