moonradiance
2022-06-16

$Lucid Group Inc(LCID)$ there is a good chance is recession is prolonged lucid is going to go bankrupt. It has to change strategy to survive.

It's still facing supply chain issues and selling vehicle at 160k and more. It's sales figure and forecast is going to be impacted over and over again. Who can afford that price at this period of recession. 

It's cash flow can only last them 1 to 2 years at most.

Lucid is in deep red and probably need to figure way to avoid bankruptcy. 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
1