$Lucid Group Inc(LCID)$  unfortunately lucid did not do enough to cut cost and other R&D and slow down expansion and in the course burns cash like a furnace.

I think it's too late and it's almost 90 percent they are going to bankruptcy in 2023 where recession is going to hit and it's certain death for lucid.

They have to dramatically cut every kind of cost possible, stop R&D, expansion and only focus on producing vehicle, dilute the shares and seek more funding just to survive. Or otherwise declare bankrupt and be taken over by another company.

It's strange that management in lucid do not heed warnings all along but do the exact opposite. Now they are totally toast.

I been monitoring lucid since 50 dollars high and saw it's impending doom since. But this is it's final death bed.

I would suggest ignore this stock at all cost and just move on to others. Giving it 10% chance to survive at it's current state.