Lucid's Stock Plummets on Q3 Sales Miss and Production Forecast Cut

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Source: MarketWatch
Lucid's Stock Plummets on Q3 Sales Miss and Production Forecast Cut
Photo: MarketWatch
TL;DR

Lucid Group Inc. (LCID) shares plunged over 8% to reach a record low following the company's disappointing quarterly results and lowered production outlook. The stock is down 93% from its all-time high in February 2021 and has declined 42.17% this year, in contrast to the S&P 500 index's 14% gain.

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