Lucid stock is falling in response to Trump’s election win, with investors concerned about potential policy shifts that could impact the EV industry. The company’s share price was down 6% and could face challenges if incentives for EV purchases are removed. Despite strong financial backing, Lucid is burning through cash and profitability may be a long way off. The Motley Fool Stock Advisor team did not include Lucid in their list of 10 best stocks for investors to buy now. Consider the long-term implications before investing in Lucid Group.
Read more at Nasdaq, Inc.: Why Lucid Stock Is Sinking Today