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Shares of Lucid Group are trading flat Friday morning as investors process a major vehicle recall. Here's what investors need to know.
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Lucid stock declined 7.6% this week, down 52% year-to-date, amid concerns over new U.S.-Canada tariffs on automobiles and the company's slow progress toward profitability. The EV maker faces headwinds from potential tariff impacts, operational issues including vehicle recalls and cybersecurity breaches, and struggles to achieve economies of scale necessary to improve gross margins.
Read original at the-motley-foolLucid Group Inc (NASDAQ: LCID) stock is trading lower Wednesday, potentially on concerns over proposed 50% tariffs on foreign auto imports.
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Read original at benzinga