Lucid Motors set to fall to $5?

1 dic 2022

Lucid Motors is continuing to show weakness in a market where others have been thriving. Sometime within the next 2-3 years they could seriously be in trouble when it comes to cash flow and cost of revenue. I would be highly cautious of owning any shares in 2023 due to their current rate of cash burn. While I can't make any predictable target right now, earnings will paint a big enough picture for where the company might be heading when it comes to stock price. Again this is not a price estimation, just a notification of where I currently stand on this company.