Full stop this is nothing but good news for Lucid. The money 1 Billion from the preferred offering will go to insure Gravity will be available for sale on time later this fall. Very creative financing to do in such a way as not to hurt existing shareholders.
I've been hearing some issues with the name Gravity being in contest for trademark infringement with another Company which is nonsense. First how do you trademark the word Gravity. Second the company using gravity for their business is not an EV maker so no confusion there.
Gravity is coming and shorts will be squeeling like a pig cause Gravity is creating a lot of buzz. She is quite beautiful and yes innovative and what the market wants.
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