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Why Rivian, Lucid, and Canoo Stocks Keep Dropping

Why Rivian, Lucid, and Canoo Stocks Keep Dropping

As markets wait with bated breath for news of the next Federal Reserve interest rate hike (will it be 0.25% or 0.5%? Place your bets now!), one group of investors in particular isn't standing around and waiting to see which way the interest rate winds will blow. As of 11:35 a.m. ET, shares of Lucid Group (NASDAQ: LCID) are down 3.2% -- making today its third straight day of losses.