Why Lucid Group Stock Tumbled on Tuesday

Among the stock market's many downers on Tuesday was luxury electric vehicle (EV) maker Lucid Group (LCID -0.81%). The company's shares closed the day 0.8% lower, representing a slightly steeper fall than the S&P 500 index's 0.6% drop. Investors found some top-down news affecting the EV industry to be rather discouraging.A potential softening of emissions rules by the EPAOver the weekend, a clutch of media reports stated that the Biden administration intends to loosen the strict vehicle emissions rules its ...