Why Lucid Stock Is Driving Off the Road Today
Lucid (LCID) The Motley Fool·2024-02-22 16:07Electric vehicle start-up Lucid Group (LCID -19.59%) failed to impress in its most recent quarter and gave disappointing guidance about the year ahead. Investors are headed for the exit ramp, sending Lucid shares down 20% as of 10:45 a.m. ET.Slower-than-expected growth up aheadLucid is one of a number of young electric vehicle companies trying to replicate the success of Tesla. The company's first car, the Air luxury sedan, is in production in Arizona and Saudi Arabia.The company lost $0.29 per share in the ...