EVsThe Motley Foolabout 8 hours ago
Why Shares of Lucid Group Sank 22% This Week
1 min read
Shares of Lucid Group fell 22% this week, according to S&P Global Market Intelligence. The electric vehicle brand's market cap is now $2.2 billion, down from over $75 billion in late 2021. Lucid is trying to raise funds to stem the holes in its balance sheet after a poor quarter and abrupt CEO transition.
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