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Benzinga
Benzinga
Business
Melanie Schaffer

Lucid Plummets In Sympathy With Tesla: Why The Stock Must Hold This Key Indicator

Lucid Tesla Inc. Nasdaq LCID

Lucid Group, Inc (NASDAQ:LCID) was trading almost 10% lower at one point on Thursday morning in sympathy with Tesla, Inc (NASDAQ:TSLA), which was down almost 8% following a bearish reaction to its fourth-quarter earnings beat.

On Wednesday, Lucid announced on Twitter it was expanding internationally, and its website shows Lucid expects to open a studio in Toronto, Canada in the first quarter of 2022 and three service centers, in Montreal, Vaughan and Vancouver in the third-quarter.

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