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Lucid Group's stock drops as it prepares for a reverse split to avoid Nasdaq delisting.
Lucid Group's stock fell as it prepares for a 1-for-10 reverse stock split to avoid Nasdaq delisting, following a disappointing second-quarter report and reduced 2025 production guidance.
Despite efforts to boost stock prices, analysts predict Lucid will need more capital and note the challenging environment for EV stocks, with only Tesla showing resilience.
Short-sellers hold a significant position against Lucid's stock, suggesting continued downward pressure.
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Las acciones de Lucid Group caen a medida que se prepara para una división inversa para evitar la exclusión de la Nasdaq.