Lucid shares fall 25.8% in October amid declining production and deliveries and additional borrowing
LCID Lucid Group Inc
$3.60 +9.42%
View chart & analysis → - 1Lucid shares recorded a 25.8% decline in October.
- 2Lucid vehicle deliveries saw a 6.7% decrease in the third quarter.
- 3Lucid incurred an additional $400 million in borrowing in October.
So what's the key point?
Lucid's stock price fell 25.8% in October as the company sold fewer cars and took on more debt. The decline in vehicle deliveries and the additional $400 million in borrowing impacted the stock price.
Source The Motley Fool +1 · View original ↗
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