Was Lucid Stock Unfairly Punished by the Market Today?
At times, it seems Lucid Group (NASDAQ: LCID) just can't catch a break lately. Contending with a general slowdown in sales growth for electric vehicles (EV), the luxury vehicle's share price dove to all-time lows earlier this month following news of a recall.
Although the share price didn't hit a new floor on Thursday, it did erode by almost 6% on the day. To be fair, this was hardly the company's own fault.
While not everything good or bad in the EV industry flows from segment powerhouse (NASDAQ: TSLA), what happens with the standard-bearer often sets the tone for EV stocks as a whole.
Source Fool.com
Tesla Inc Stock
€202.35
-0.520%
Currently there is a rather positive sentiment for Tesla Inc with 73 Buy predictions and 28 Sell predictions.
As a result the target price of 245 € shows a positive potential of 21.08% compared to the current price of 202.35 € for Tesla Inc.
