Why Lucid's "Operational Reset" Tanked the Stock This Week
This could be Lucid's last chance.
Overview
Lucid Group (NASDAQ: LCID) reported second-quarter results this week, and the stock plunged more than 10% on the news. The stock pared some of that drop but was still down 6% for the week as of Friday morning, according to data provided by S&P Global Market Intelligence.
Lucid CEO Silvio Napoli has been in the job for two months, and this week he let the market know exactly what his plan is. Let's look at what Napoli's "operational reset" for Lucid will look like.
Details
Source
Originally published at www.fool.com.
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