$Lucid Group Inc(LCID)$ lucid set to be down to 1 to 2 dollars by year end in 2024 and maybe more.
The simple maths is
1. Lucid is still burning cash like a furnace which can only last till end of 2024.
2. Dilution is evitable as cash will need to be raised.
3. Despite losing so much cash lucid still plan on ambitious expansion with new models in Europ with no guarantee it will sell. (Mostly to in a bid to push down negatively but it won't succeed)
4. Again lucid will fail to meet it's production target again as usual.
5. Fierce competition with other EVs especially from price slashing from major EVs like Tesla and others.
6. Much lower EVs demand on market.
7. Supply chain shortage and competition.
8. Saudi is not a good place as a manufacturing EVs hub as it lack the supply chain (suppliers + raw materials, logistic) and it's not easily build over night.
Expect 2024 to be another low for lucid.
I have been writing on lucid time to time for few years and been deadly accurate with all my prediction only because the fundamentals are strong. You can't beat that with false predictions like most do in these discussion and else where. You should know their motives.
As always invest safe and don't be greedy. Strengthen your understanding and fundamentals.
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.
