Lucid Stock Hits Fresh Low as Uber and Saudi Cash Fail to Calm Wall Street
Lucid Group shares slid to fresh lows, shrugging off new funding from Saudi investors and Uber. Traders zeroed in on dilution, shaky first-quarter results, and the expensive pushback in Gravity SUV deliveries. The stock hovered around $5.92 on Robinhood, not far from its $5.83 52-week bottom, putting Lucid’s market cap close to $1.96 billion.