Lucid told investors in July that it expects to produce 20,000 Lucid Air sedans in 2022, generating more than $2.2 billion in revenue, according to an investor presentation. Now its market cap has passed Ferrari and became the 12th biggest automaker in the world! This is happened because of WSB, not fundamentals! Taking a position against this seems very risky, the Best Strategy for those who have it could be cashing out the main capital and keep the free stocks and see what is going to happen! Best,
Moshkelgosha
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In 30 minutes it sinks 10%!
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-17% in 2 hours!
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I do not recommend following the Wall Street Bets, the damage they cause to investors is much more than the gains! They are using FOMO..! Their games have more losers than winners!
Sorry but this has little to do with WSB... on Friday Lucid announced actual customer deliveries were starting next week. Yesterday the CEO spoke at a conference confirming that he was flying back to California to deliver the first production cars off the line to customers. This was a MAJOR catalyst that showed Lucid could keep promises and deliver on time and was the tipping point for many institutional investors who cannot invest in EV companies that have not produced a single vehicle yet. Production paved the way for this jump in value, not WSB
DTunlimited
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who cares -17% when it makes more than 40% in a day? it is still up more than 30%
EdenLA
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Because of WBS? How does one find the hot threads In WBS? I just need to start roaming there and scrolling until I see what? Engagement?
ThisIsMe21
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@EdenLA, It's not. Don't get fooled. WSB has not the financial power to do stuff like this. Other people use the hype and let them bag holding.
karakiro
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@EdenLA, This has noting to do with WSB. WSB has been overrun by bots and pumpers and dumpers. OP is using the LCID rally (AS A RESULT OF THEM MAKING ACTUAL VEHICLE DELIVERY!) and using it to attract gullible people to WSB.