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Why Lucid Stock Lost 33% in December

3 years 10 months ago
What happened Shares of Lucid Group (NASDAQ: LCID) were falling last month in response to a broader sell-off in electric vehicle (EV) stocks, largely due to challenges with Tesla (NASDAQ: TSLA), both with the underlying business and Tesla CEO Elon Musk's foray as the new CEO of T

Stock Market News for Jan 4, 2023

3 years 10 months ago
Wall Street closed slightly lower on Tuesday, having traded in green earlier in the day. The technology and consumer discretionary sectors were a major drag on the broader market, with two mega-cap giants slipping on fourth-quarter performance and outlook. Energy prices w

2 Stocks Down Over 60% to Buy Right Now

3 years 10 months ago
As bad as the 2022 sell-off on the S&P 500 and the Nasdaq Composite has been, there are plenty of companies that are down far worse than the broader indices. Even industry-leading companies like Tesla (NASDAQ: TSLA) and Stanley Black & Decker (NYSE: SWK) are down over 60%

Automakers won’t go back to normal

3 years 10 months ago
NEW YORK (Reuters Breakingviews) - For U.S. automakers, 2023 is all about trying to stay in their lane. Covid-19-era supply squeezes sent car prices soaring, adding $7 billion to operating profit at General Motors in 2021 alone. As supplies norm
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