Why Lucid Group Stock Lost 26% in October
Lucid Group (NASDAQ: LCID), the luxury electric vehicle (EV) maker, was among the losers in the stock market last month due to signs of weakening EV demand and the company's own disappointing production report for the third quarter.
As a result, the stock finished the month down 26%, according to data from S&P Global Market Intelligence. As you can see from the chart below, the stock had its sharpest dip in the middle of the month, during the week when the company released underwhelming third-quarter production numbers and Tesla put out its own disappointing earnings report.
Source Fool.com
Tesla Inc Stock
€199.42
-1.880%
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a positive potential of 20.35% compared to the current price of 199.42 € for Tesla Inc.
