: Lucid stock falls 18%, on pace for largest drop in a more than a year

Lucid Group Inc. LCID stock fell 18% on Thursday, a day after the electric-vehicle maker reported a narrower quarterly loss but sales that were below Wall Street’s expectations. The stock was on pace for its largest one-day percentage decrease since Dec. 9, 2021, when it fell 18.3%. Lucid late Wednesday also reported fewer reservations for its EVs than in previous quarters. The stock is down 86% from a record closing high of $58.05 hit on Feb. 18, 2021, and down 66% in the last 12 months. That compares with a loss of around 6% for the S&P 500 index. SPX

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