Lucid Group Inc (NASDAQ:LCID) shares are trading lower by 6.71% at $18.63. Weakness is possibly in sympathy with Tesla Inc (NASDAQ:TSLA) after CEO Elon Musk reportedly said the company will need to cut around 10% of its staff and pause hiring.
Elon Musk reportedly sent an email titled “pause all hiring worldwide” to his executives and said the EV giant would need to cut about 10% of its employees. Within the email, Musk said he had a “super bad feeling” about the state of the economy… Read More
Lucid is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies.
According to data from Benzinga Pro, Lucid has a 52-week high of $57.75 and a 52-week low of $13.25.
