Lucid stock suffers 18% drop in 2024

2023 has been a challenging year for Lucid (NASDAQ: LCID), with troubles that never seem to end, with significant workforce reductions, with over 18% cut last March.Additionally, the December departure of its Chief Financial Officer (CFO), Sherry House, further underscored the challenges. The company’s full-year production outlook also declined due to weakening demand. Compounding the issues, the stock was removed from the Nasdaq 100 index, and multiple analysts downgraded it, citing low interest in its cos ...