Why Lucid Stock Dropped Today
Shares of Lucid Group (NASDAQ: LCID) dropped by as much as 5% Thursday morning and remain lower by 4.1% as of 10:56 a.m. ET. The drop extends a decline in the shares of the luxury electric sedan maker by almost 20% over the last month.
It may be what the company hasn't said that is pushing investors to sell Lucid shares. This week, fellow EV start-up Rivian Automotive joined legacy automakers Ford and General Motors in agreeing to adopt 's EV charging network. Those companies felt the need to partner with the EV leader and their largest competitor in order to grow a customer base for their EV offerings.
Source Fool.com
Tesla Inc Stock
€191.16
2.690%
Currently there is a rather positive sentiment for Tesla Inc with 75 Buy predictions and 28 Sell predictions.
As a result the target price of 246 € shows a positive potential of 28.69% compared to the current price of 191.16 € for Tesla Inc.
