Why Lucid Stock Crashed 37.4% in October and Just Hit Its 52-Week Low

Lucid's losses keep getting bigger, and it continues to sell shares to raise money.October turned out to be the worst month of 2024 so far for Lucid Group (LCID -2.03%), with the electric vehicle (EV) stock crashing 37.4%, according to data provided by S&P Global Market Intelligence.Investors got a shock when Lucid announced plans to sell shares to raise money, even as its production and delivery numbers continued to disappoint. With Lucid just reporting a significantly large loss for the third quarter, the ...