Lucid Group Inc (NASDAQ: LCID) tumbled as much as 9.0% after reporting its fiscal Q2 earnings – but a Stifel analyst warns the EV company faces bigger challenges in the second half of 2025. Stephen Gengaro issued a cautious note on LCID shares this morning, citing deeper concerns about the electric vehicle firm's financial sustainability.
In its first trading day since it executed a reverse stock split after hours on Friday, Lucid Group (LCID -9.32%) stock was heading lower today as investors seemed to absorb the reality of that move this morning. The broader sell-off in the market, which may be related to uncertainty around interest rate cuts later this month, also likely pushed the electric vehicle (EV) stock lower.
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Electric vehicle manufacturer Lucid (NASDAQ: LCID) announced a 1-for-10 reverse stock split, effective August 29, with shares set to trade on a split-adjusted basis beginning September 2.
It didn't seem like many investors wanted to hop into the driver's seat with Lucid Group (LCID -4.11%). The maker of high-end electric vehicles (EVs) saw its share price dive by more than 4% on the day, as a reverse stock split took effect after market close, and an analyst made a bearish adjustment to his take on the company.
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