Thoughts on Lucid? -
Bought in at around $5.50… lucid is currently breaking new 52 week lows every week…. Not feeling optimistic about earnings call. What do you guys think?

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What are your thoughts?

Lykshares 1y Staff

If they weren’t backed by the Saudi’s they’d have collapsed by now.

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Lykshares 1y Staff

I love lucid at these prices. Oversold. Undervalued at -2 P/E. Well positioned financially. Enough cash to operate into 2025 assuming no sales. 9b in assets with 3B in liabilities. 4% growth QoQ sales. They’ve stayed on track with their forecasts from last year. New Saudi factory opened and deliveries ...

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Lykshares 1y Staff

Other than not selling cars and burning money like it's going out of style they're doing great. This company only operates as long as the Saudis keep incinerating their capital (they could go on indefinitely if they want).

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Lykshares 1y Staff

Let me buy some puts… that tends to make the stock rise every time.

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