Why Lucid Stock Crashed 37.4% in October and Just Hit Its 52-Week Low
Lucid (LCID) The Motley Fool·2024-11-09 01:59
Lucid's losses keep getting bigger, and it continues to sell shares to raise money.October turned out to be the worst month of 2024 so far for Lucid Group (LCID -2.03%), with the electric vehicle (EV) stock crashing 37.4%, according to data provided by S&P Global Market Intelligence.Investors got a shock when Lucid announced plans to sell shares to raise money, even as its production and delivery numbers continued to disappoint. With Lucid just reporting a significantly large loss for the third quarter, the ...