Why Lucid Stock Was Going in Reverse Today

Lucid saw solid top-line momentum, but its losses remained substantial.Shares of Lucid Group (LCID -14.62%), the maker of luxury Air electric vehicles (EVs), disappointed investors again on Tuesday with another underwhelming earnings report.As of 1:45 p.m. ET, the stock was down 13.4%. Lucid keeps losing moneyLucid has struggled since going public as the company has only sold a relatively small number of cars and has put up wide losses every quarter of its history.That pattern continued in the first quarter ...