Why Lucid Stock Is Plummeting Again This Week

Lucid Group's (LCID -4.68%) share price fell to a new record low this week due to concerning signs about demand in the electric vehicle (EV) market. The company's stock was down 12% from last week's market close heading into the start of this Friday's trading session, according to data from S&P Global Market Intelligence.On Wednesday news hit that Tesla had cut the price of its Model Y vehicles in Germany by 5,000 euros -- roughly $5,430 based on the current exchange rate. The EV leader also slashed prices ...