Lucid Group Inc is trading 10.2% down today at $5.10 after stronger-than-expected U.S. jobs data reduced expectations for early Federal Reserve interest rate cuts.
- The robust labor market report has pressured high-growth EV names as investors reprice the path of interest rates.
- The stock is underperforming in a broader risk-off session, with the Nasdaq and tech shares sliding as capital rotates away from speculative assets.