Why Lucid stock is climbing today
Lucid (LCID) Finbold·2024-11-07 22:23
Lucid Motors (NASDAQ: LCID) has been navigating turbulent waters following the recent U.S. presidential election, where Donald Trump’s win has created a cloud of uncertainty over the electric vehicle (EV) sector. Lucid’s stock took a sharp dip on Wednesday, closing at $2.13, marking a -10.5% drop over the past five days. Investors are increasingly concerned that Trump’s return to the White House may lead to the rollback of government-supported EV rebates and tax incentives, which have been instrumental in d ...