Lucid’s $390M Surge to 283rd Rank Amid Production Hurdles and 10.81% Slide

On Sept. 2, Lucid Group (LCID) saw a trading volume of $390 million, marking a 51.08% increase from the previous day and ranking 283rd in market activity. The stock closed down 10.81% amid mixed market sentiment.

Recent developments highlighted production challenges at Lucid’s Arizona factory, with reports indicating ongoing bottlenecks in battery cell assembly. Analysts noted that these issues could delay delivery targets set for Q4, potentially impacting investor confidence. The company’s partnership with a European energy firm for EV charging infrastructure expansion was also mentioned, though details on financial commitments remain undisclosed.

Short-term technical indicators show oversold conditions, but bearish momentum persists as key support levels below $15.00 face pressure. Institutional selling activity has increased in recent sessions, though retail traders have shown limited participation. The stock’s volatility ratio has risen to 1.7x its 30-day average, reflecting heightened sensitivity to earnings reports and production updates.

Backtesting of the stock’s performance over the past 12 months against the S&P 500 shows a cumulative return of -34.2% compared to the benchmark’s -18.5%. During periods of market stress, Lucid has exhibited a beta coefficient of 1.8, indicating amplified downside risk relative to broader market moves. The 52-week range remains between $12.40 and $28.35, with current levels near the 200-day moving average.