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Lucid launches EV sales event and stock slumps toward a 6-week low
The article revealed that Lucid's stock slump is part of a broad selloff in EV sector. I think only time will tell. Meanwhile I would like remind everyone about Lucid Q2 2023 delivery that I shared not long ago. You can read more in the link here:
Lucid Announces Production And Delivery Results In Q2 2023: Worrying?
Lucid Announces Production And Delivery Results In Q2 2023: Worrying?
Quote:
Shares of Lucid Group Inc. slumped Monday as part of a broad selloff in the electric-vehicle sector and after the California-based EV maker announced the launch of a sales event to attract buyers with "special pricing and lease offers."
The announcement comes ahead of Lucid's earnings report, which is due after Monday's closing bell. Separately, Lucid also acknowledged a recall of 59 Air EVs, citing a faulty rearview-camera image.
The stock (LCID) sank 6.4% in morning trading, putting it on track for the lowest close since June 27. The stock has tumbled 18.5% amid a five-day nonwinning streak, during which it closed unchanged on Aug. 3.
The announcement comes ahead of Lucid's earnings report, which is due after Monday's closing bell. Separately, Lucid also acknowledged a recall of 59 Air EVs, citing a faulty rearview-camera image.
The stock (LCID) sank 6.4% in morning trading, putting it on track for the lowest close since June 27. The stock has tumbled 18.5% amid a five-day nonwinning streak, during which it closed unchanged on Aug. 3.
Source:
$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Lucid Group (LCID.US)$ $Stellantis NV (STLA.US)$
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