Lucid Stock Drops After EVs Get Hit by Rate Worries, Robotaxi Bets Struggle in Tough Market
Lucid Group shares fell nearly 10% to $5.13 Friday after a strong U.S. jobs report sparked fears of prolonged high interest rates. Trading volume topped 21.5 million shares, above average. The drop came despite news of Lucid’s robotaxi partnership with Uber and Nuro. Lucid recently withdrew its full-year outlook after supplier issues disrupted Gravity SUV shipments.