It's been a tough few weeks for electric vehicle (EV) stocks like Lucid Group (LCID -6.02%), with the company's shares suddenly losing nearly 40% of their value. Many high-growth businesses have seen their valuations shrink in 2025, and Lucid has been no exception.
Shares of the eclectic vehicle start-up Lucid Group (LCID -6.48%) fell today after the Trump administration said late yesterday that it would roll back requirements on automakers to produce electric vehicles (EVs).
Though Lucid's (NASDAQ: LCID) short volume ratio has remained relatively stable, if heightened, the stock's unexpected upsurge created conditions for a substantial short squeeze.
The latest trading day saw Lucid Group (LCID) settling at $2.09, representing a +0.48% change from its previous close.
Electric vehicle (EV) investors who have chosen to hitch a ride with Lucid Group (LCID -0.24%) have a lot of facts and figures to keep track of, from the number of vehicles produced to the number of vehicles delivered to all the data found in the financial statements.
There's a lot of red in the market today. The Nasdaq Composite index dropped as much as 3% Monday morning, and the S&P 500 index was lower by almost 2%.
You can't blame a Lucid Group (LCID 2.87%) investor for sighing loudly during the fourth-quarter conference call. After years of mostly disappointing investors with production hiccups, earnings misses, delays, and other developments, Lucid finally had real positive momentum in 2024.
Building a company from the ground up in a capital-intensive industry is difficult to do. It is even more difficult when that industry has a small number of large and entrenched leaders.
Shares of Lucid Group (LCID 1.68%) were losing momentum early in the year, but not many expected the stock to fall so much so soon. An unexpected turn of events sent the electric vehicle (EV) stock plunging 19.6% in February, according to data provided by S&P Global Market Intelligence.
There were such high hopes for the electric vehicle market, which is the problem with the share prices of EV stocks today. The outlook for EVs was and is robust, but the growth was priced in at the very start.
Leadership turmoil at Lucid Group (NASDAQ: LCID) has sent its stock tumbling, though Wall Street remains cautiously optimistic.
Shares of EV company Lucid Motors (NASDAQ: LCID) have collapsed 24% in the last five trading days.