Lucid motors stock price traded near $3

Lucid Motors stock price traded near $3.56 today, reflecting pressure from broader EV sector headwinds and rising bond yields impacting growth stocks. Analysts highlight key resistance at $3.80 and support at $3.40, with upcoming earnings on investors’ radar. U.S. EV adoption rates have also been disappointing, even as China has raced ahead, in part due to supportive government policies. One opportunity for names like Lucid and Rivian (RIVN) is that Tesla is losing market share in the U.S., apparently over Musk’s political antics, which could turn some buyers to them. However, so far, we don't see customers rushing in to buy Lucid cars even as many shun Tesla. Rivian and Lucid focused on different consumer markets. Lucid's luxury Air sedan boasted leading battery range and performance technology. That came with a high price tag, though, leaving only wealthy consumers as the target. Rivian began to offer what Tesla didn't -- electric pickup trucks and a large SUV. Analysts expect Lucid Motors stock price could benefit from policy incentives in the EV industry, but warn any delays in rollout would keep the shares under pressure.