Why Lucid Stock Is Sinking This Week
Lucid stock declined 7.6% this week, down 52% year-to-date, amid concerns over new U.S.-Canada tariffs on automobiles and the company's slow progress toward profitability. The EV maker faces headwinds from potential tariff impacts, operational issues including vehicle recalls and cybersecurity breaches, and struggles to achieve economies of scale necessary to improve gross margins.