Lucid Gets Subpoenaed, but These Stocks Are the Ones That Have Really Gotten Hammered
The stock market looked poised to continue its volatile performance on Monday morning. As of 8:30 a.m. ET, futures contracts on the Nasdaq Composite (NASDAQINDEX: ^IXIC) were down 37 points to 15,681, even as other indexes signaled a possible up opening. Electric vehicle (EV) stocks have gotten a lot of attention in recent months, so it's not surprising that most of the premarket news centers on Lucid Group (NASDAQ: LCID) and the fact that it recently received a subpoena from the U.S. Securities and Exchange Commission.