Why Lucid Stock Slumped in March and Continues to Fall

The electric vehicle maker has a huge competitive advantage, but it's facing bigger challenges.Lucid Group (LCID 3.26%) is among the several electric vehicle (EV) start-ups that have been compelled to cut prices of their cars and accept dwindling margins because of a global slowdown in demand growth for EVs. The timing couldn't be any worse for Lucid, which was already struggling with production and sales. Understandably, that has been reflected in its share price -- the electric car stock lost 13.6% in Mar ...