Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Henry Khederian

Why Lucid Shares Are Diving Following A Warning From Tesla CEO Elon Musk

Elon Musk Lucid Nasdaq Lucid Group, Inc.

Lucid Group Inc (NASDAQ:LCID) shares are trading lower by 6.71% at $18.63. Weakness is possibly in sympathy with Tesla Inc (NASDAQ:TSLA) after CEO Elon Musk reportedly said the company will need to cut around 10% of its staff and pause hiring.

Elon Musk reportedly sent an email titled “pause all hiring worldwide” to his executives and said the EV giant would need to cut about 10% of its employees. Within the email, Musk said he had a “super bad feeling” about the state of the economy... Read More

Lucid is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies.

According to data from Benzinga Pro, Lucid has a 52-week high of $57.75 and a 52-week low of $13.25.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Michael Jordan Game-Worn 1996-97 Bulls Jersey Sells For $4.68M
A game-worn Michael Jordan jersey from the Chicago Bulls' 1996-97 season has sold for $4.68 million via Sotheby's. The Bulls jersey was...
SportsCasting
SportsCasting
Research Says Your Airfryer May Be Recording Your Conversations And Sending Data To China—Do You Have One?
Air fryers, once a kitchen darling, are now under scrutiny. Recent reports suggest these popular appliances may listen to users and send data to China.
International Business Times UK
International Business Times UK
Dave Grohl 'no longer working with divorce attorney' after fathering secret child
Foo Fighters frontman hoping to reconcile with wife Jordyn Blum after admitting fathering a child with another woman
Evening Standard
Evening Standard
Taylor Swift shares ‘extremely important’ reminder for US election
Pop star endorsed Kamala Harris after watching her presidential debate against Donald Trump in September
The Independent UK
The Independent UK
The 27 Club isn’t true, but it is real − a sociologist explains why myths endure and how they shape reality
There’s a certain allure to the notion that some of the world’s brightest stars burn out at the age of 27. The so-called 27 Club has captivated the public imagination for half a century. Its members include legendary musicians Jimi Hendrix, Janis Joplin, Jim Morrison, Kurt Cobain and Amy Winehouse.…
The Conversation
The Conversation
Quincy Jones’s music was the soundtrack to so many Black lives – and something we could be proud of
There will be countless tributes to the revered producer, but for me he evokes happy days growing up and the chaos of family parties, says music industry employee Michelle Kambasha
The Guardian - UK
The Guardian - UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play