Investor Alert: Lucid Facing Short Squeeze Potential Amid Declining Earnings
Thursday, 23 May 2024, 13:17
Lucid Short Squeeze: Impending Crisis or Investment Opportunity on the Horizon?
The underperformance of Lucid (NASDAQ: LCID) is a matter of concern not just for institutional investors but also for individual traders who have invested their hard-earned money.
Anticipated 2024 Goals vs. Current Reality
- Lucid fell short of its projected 2024 production and revenue targets, raising doubts about the company's future viability.
- Analysts predict a significant revenue shortfall for Lucid in the upcoming year, painting a grim picture for investors.
Financial Institutions React
- Vanguard and Morgan Stanley increase their stake in LCID while BlackRock and State Street reduce their holdings.
- Saudi Arabia Public Investment Fund remains a strong supporter of Lucid's potential, injecting $1 billion into the company.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.