In the cryptocurrency world, President Trump’s reelection was initially celebrated for his support of the industry, promising to make the US the “crypto capital.” However, a Bitcoin crash ensued after his announcement of global tariffs, causing a 10% drop in Bitcoin price. Despite his pro-crypto actions, the market’s response to his tariffs has led to concerns among investors, highlighting the unpredictability of the crypto market under Trump’s policies.
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3 Reasons Lucid Stock Is Sliding Despite Record Q1 Deliveries
Investors in Lucid Group saw a slide in stock despite record first-quarter deliveries of 3,109 vehicles, raising $1 billion in convertible debt, and weaker revenue guidance for the quarter. Concerns over the impact of President Trump's tariffs on the supply chain and recent management transition also added to the stock's decline. However, investors are advised not to panic as upcoming earnings reports and the launch of the Gravity SUV could boost deliveries and revenue. Full...
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