Shares of the electric vehicle start-up Lucid Group (NASDAQ: LCID) fell 9.4% this week, according to data from S&P Global Market Intelligence, as President Trump rescinded mandates for electric vehicle (EV) production in the U.

It's been a bumpy ride for many electric vehicle (EV) stocks over the past few years, and both Rivian Automotive (NASDAQ: RIVN) and Lucid Group (NASDAQ: LCID) have felt each jarring pothole. Rivian's shares have tumbled 79% and Lucid's have fallen 92% over the past three years.

Lucid Group Inc. (NASDAQ: LCID) stock has dropped to $2.72 per share. The company went public in the summer of 2021 via a merger with a special purpose acquisition company (SPAC). On Lucid's first day of trading,

Investors in Lucid Group (NASDAQ: LCID) are feeling nervous. The electric vehicle (EV) stock fell further today, dropping to a low of 6.6% in early-morning trading. Lucid shares were still trading 5% lower as of noon ET Wednesday.