Lucid Offers $7,500 ‘EV Credit’ and the Stock Drops. It’s No Longer Beating Tesla Shares.

Electric vehicle maker


Lucid


was shut out of the government’s new purchase tax credits for consumers buying an EV. The company decided to do something about that.

Investors aren’t so sure they like it. They are taking some profits after a run that had


Lucid


(ticker:LCID) stock outperforming


Tesla


(TSLA) shares.