Why Lucid Stock Is Down Today
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Shares of electric vehicle maker Lucid Group (LCID) are trading lower as Wall Street awaits new economic data. Despite solid earnings and positive news, Lucid's stock has been volatile. The company's future plans, including the launch of its luxury SUV and midsize model, depend on consumer interest. Economic factors like inflation and a recession could pose challenges for Lucid's profitability. Investors and traders are cautious as they await upcoming economic data.
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