Just a month ago, markets speculated enthusiastically that Lucid’s (LCID) big investor, Saudi Arabia’s Private Investment Fund (or PIF), would buy out shareholders. Rumors sent
Just a month ago, markets speculated enthusiastically that Lucid’s (LCID) big investor, Saudi Arabia’s Private Investment Fund (or PIF), would buy out shareholders. Rumors sent LCID stock briefly to $18 before it crashed lower. After Lucid posted Q4/2022 results, the $10 support price broke down. The firm failed to meet delivery expectations. This sent Lordstown Motors (RIDE), Nio (NIO), Workhorse (WKHS), and Rivian (RIVN) lower. Tesla (TSLA), the EV leader, shares held up relatively well.Selling premium EVs, then many mainstream vehicles, was Lucid’s business plan. When it produced only…
