Why did Lucid Group stock plunge today? EV stocks are losing their growth premiums
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Lucid Group (NASDAQ:LCID) is down 14.10% amid a deep sell-off in electric vehicle names like Tesla, Fisker, Nikola and Rivian Automotive.
Tesla's warning that supply chain issues may persist in 2022 added to the cautious stance that investors have been taking on EV stocks since the start of the year. On a broad basis, the potential for higher interest rates is seen cutting into some of the higher EV premiums based off discounted future cash flows.

Read more about the selling pressure in the EV sector.