Apple reportedly will not go ahead with plans to build a car after spending billions of dollars and nearly a decade on it. But in the end it’s likely a good thing for the tech juggernaut.
Electric vehicle manufacturer Lucid Group (NASDAQ:LCID) makes nice-looking cars, but the price action of LCID stock isn’t nice-looking at all. Sure, the perma-optimists can cherry-pick a positive data point or two, but overall, the bull case for Lucid Group is falling apart quickly. You may have heard from Louis Navellier and the InvestorPlace research staff that Lucid Group’s CEO is getting a $6 million bonus. Are Lucid’s investors making any money, though? Sadly, Lucid stock is losing value ra
Shares of Rivian and Lucid hit new all-time lows on Thursday after reporting quarterly results that disappointed the Street and raised concerns that the pure-play EV makers are not evolving quickly enough, particularly with EV demand slipping.