Why is Lucid stock sliding today?

Market reports indicate that both Lucid and SpaceX are experiencing a decline in their stock values today. The sources highlight a sliding trend for Lucid stock alongside a similar downward movement for SpaceX stock. These financial shifts reflect current market volatility affecting both companies simultaneously. Investors are monitoring these price drops as the stocks continue to slide, marking a negative trend for these specific entities within the current trading session across the broader financial landscape.