Lucid motors stock price closed at $3

Lucid Motors stock price closed at $3.52, posting a two-day losing streak. Volume trends indicate cautious trading ahead of the next production update, with sentiment tied to EV tax credit changes. While fundamentally, splits and reverse stock splits don’t change anything for a company, markets perceive a stock split as a positive and a sign that the management is feeling good about the company’s outlook. Similarly, a reverse stock split is invariably seen as a negative, and shares tend to fall on such announcements. To be fair, Lucid has managed to stay afloat (and relevant) at a time when companies in the U.S. startup EV ecosystem were going bankrupt pretty much left, right, and center. However, like other plays in the space—many of which eventually went out of business—Lucid has been on a stock-selling spree to fund its burgeoning losses. Lucid Motors stock price ticked up to $3.60 intraday before retreating, suggesting strong sell orders just above short‑term resistance levels in the order books.