I'm shorting LCID here, nice weekly setup, downside targets are $9-10, and up to $1-2 by December 2nd or sooner. I'm long puts to ride this move, since the stock is hard to borrow. Worth a shot, you could also consider a portfolio where you long the relatively safe EV names vs shorts in EV startups that are burning cash and unprofitable, which will likely continue to pay off (long TSLA, F, RIVN maybe, vs shorts in NKLA, LCID, ARVL, FFIE, FSR, etc)
@Sawyer170 me to bro. it is the next Tesla. It's so easy for folks to sound bearish in a bear market and be a bear. thing is bear markets don't ask forever. loading up on what you know is very under valued for when the bull market begins for years is where the biggest money is made
skery917
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Over 5 Billion in Cash 7.2 Billion in Assets several dealerships and factories they’re Backes by the Saudi sovereign fund and have increased revenue well beyond 10000% 2 quarters in a row. I don’t see Lucid hitting 0 as a remote possibility.
Sawyer170
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they have over 5 BILLION dollars of free cash flow on hand.
univko
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if it's going to $0, what's the point of shorting ;)