Lucid CEO Scrambles For Damage Control As Shares Plunge 47% This Year: 'As A Major Shareholder…Believe Me, Nobody Is More Incentivized Than Me For Success'

Quick Summary:

Shares of EV maker Lucid Motors (NASDAQ:LCID) closed at $2.21 on Friday, down by nearly 47% since the start of this year.

Full story available on Benzinga.

It has invested about $8 billion in Lucid since 2018.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesSaudi Arabia

Topics: News Markets Tech EVs LCID Benzinga Equities Mobility Peter Rawlinson Electric vehicles

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 02:08:50 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 394 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23485906

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About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 17 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #53

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