HomeMarket NewsMicro Cap StocksThe Decline of Lucid Group Stock: What Investors Need to Know

The Decline of Lucid Group Stock: What Investors Need to Know

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lucid motors lcid stock shares

Lucid Group, Inc. (LCID) shares have been experiencing a significant decline recently, with the stock down more than 11% in the past five days and 22% over the last month.

Competitive Landscape:

In the electric vehicle (EV) market, Lucid is facing strong competition from Tesla, Inc. (TSLA), which has been consistently reducing the prices of its EVs. In response, Lucid recently announced the launch of a single-motor, rear-wheel-drive version of its Air Pure sedan, starting at $77,400.

Short-Selling and Retail Investor Interest:

LCID shares have caught the attention of both short-sellers and retail investors amidst the increasing competition in the EV sector. Currently, the stock is among the top trending tickers on Yahoo! Finance, and approximately 17.47% of available shares are being sold short, according to data from Benzinga Pro.

LCID Price Action:

As of the time of publication, Lucid Group shares are down by over 4% and trading at $4.92, according to data from Benzinga Pro.

Image: Courtesy of Lucid Group, Inc.

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