Why Lucid Motors (LCID) Stock Just Hit Record Lows

Upscale luxury manufacturer Lucid Motors (NASDAQ:LCID) — which focuses exclusively on electric vehicles (EVs) aimed at Tesla (NASDAQ:TSLA) — has been struggling throughout this week. Fundamentally, both the company and the underlying industry suffer from two significant headwinds. With little relief in sight, investors have backed away from LCID stock.First, Lucid is reeling from a price war that Tesla initiated. While the cynical action was geared toward weakening the competition, as InvestorPlace’s Louis ...