$LCID
Added 2024-01-06 19:31:45 +0000 UTCThings have been going from bad to worse for $LCID and their share price is reflecting that behaviour.
They are not hitting their delivery targets
The Vehicles are too expensive
The CEO is one of the highest paid CEOs in the US with one of the worse performance records
Their market cap is far too high to justify their current sales (almost 16 times MORE than $FSR and $FSR is producing similar amount of vehicles and selling in 11 countries)
and they are losing an enormous amount per vehicle.
So the nuclear option here for $LCID is that, if they lose their $3.62 low, the price could drop to $3 next for the first target and potentially down to $2.20 then.
This has already happened with $PSNY and $FSR, so there is no reason that it can not happen here.....unless they can drastically turn this around quickly.
Comments
Thank you Capt. I had such high hopes for them, but they just haven't followed through. Maybe the Gravity can save them.
Steven Richards
2024-01-06 20:44:10 +0000 UTC
