Reported 1 day ago
Lucid Motors faced a significant sell-off after its reverse stock split on September 2, but has since recovered slightly, currently trading close to its pre-split levels. Despite experiencing a 5% increase recently, the stock remains down 36% for the year. With backing from Saudi Arabia's Public Investment Fund and potential partnerships to boost deliveries, Lucid must establish a sustainable business model to improve its financial outlook in a challenging EV market.
Source: YAHOO