$LCID - RC -
Added 2023-11-20 07:38:09 +0000 UTCI am not filled with optimism towards $LCID, it currently has a market cap of $9.6 Billion and they continue to disappoint and lower targets, their costs are spiraling out of control and the only things I believe are going for them is their middle eastern investment and that their vehicles are built in the US.
The price action has managed to recapture the bottom of the buy zone here above $4 but unless I see a breakout from this downward channel, especially as the top limit is mirroring the 50 Day MA, I believe it can continue drifting down.
$LCID is in no way a buy for me right now.
$FSR has a market cap of $960 million, has a higher delivery target for 2024 and although $FSR is not a premium manufacturer, this does not justify $LCID to have a 10 X market cap compared to $FSR right now.
![[takeostudios]](https://samsuka.com/istorage/106010.jpg)
