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Things have been going from bad to worse for Lucid Group (LCID) stock, and it closed at a record three month low yesterday, Oct. 13. The stock has been slumping from one low to the next and has closed in the red every year since its mega listing in 2021. LCID hit its all-time intraday lows in July this year amid bankruptcy rumors. However, the company's swift denial and Saudi Prince Alwaleed Bin Talal Alsaud's subsequent disclosure of a 5% stake helped, momentarily at least, turn the tide.
