Lucid Group Stock Plummets 33% Since July -- 1 Problem Is to Blame.

In July, Lucid Group (NASDAQ: LCID) stock soared from $20 per share to more than $30 per share. Since those highs, however, shares have slowly sunk in value. Today, shares trade below $20 per share.Why is Lucid stock falling? There's one obvious reason.On July 17, Lucid Group announced a blockbuster deal with Uber Technologies. The deal called for Uber to invest $300 million into Lucid. In return, Lucid would supply Uber with 20,000 SUVs that would power Uber's fledgling robotaxi division. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool