Lucid Group, Inc (NASDAQ: LCID) is set to print its fourth-quarter earnings after the markets close on Wednesday. The stock was trading slightly higher heading into the event in continued consolidation after surging 100% on Jan.
After Tuesday’s brutal sell-off, sentiment continues to remain unsettled. The index futures point to indecision and a lack of conviction among traders on Wednesday as they look ahead to more Main Street cues.
Cues From Tuesday’s Trading:
Tesla Inc (NASDAQ: TSLA) has a market capitalization of more than $650 billion and CEO Elon Musk owns more than 13% of the company. Based on this, some people might be surprised that Musk has reportedly said he would be okay with the electric vehicle giant going bankrupt.
After a big year in 2022, short sellers are off to a rough start to 2023. However, some stocks have certainly been more unkind to short sellers than others as of late.