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Lucid’s Market Cap Crashes 98% From 2021 Peak as Stock Reaches New Record Low
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Lucid’s Market Cap Crashes 98% From 2021 Peak as Stock Reaches New Record Low
Lucid Motors‘ shares fell to a new all-time low Tuesday as investors await fourth-quarter production and delivery figures that will determine whether the struggling electric vehicle maker met its 2025 target. The stock dropped to $10.98 in the first hour of the trading session, surpassing the previous record low of $11.09 reached on December 17. Although rumors have circulated about a potential privatization by Lucid‘s largest shareholder, Saudi…
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