What about that Lucid $LCID today? I see it's down another 9% in the premarket. Speculatively I guess I'd take it, the Arabs obviously trust them since they still have the biggest share there. Their EVs are pretty interesting, but it's still too young a company for me, so I wouldn't open anything big there, just speculation on a bounce.
I wouldn't invest, I think it's a big risk. The Arabs have plenty of money, and hopefully they've got the math right, but I'm staying out of it anyway.
Like every EV company outside of the fanatical Tesla, down, down, down. You want to lose your money? Invest in EVs, the easiest way.
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I would never bet on them
Lucid has announced that it plans to raise $3 billion by issuing new shares in the company, so that should be the main reason for the drop. As for their models, they're not very interesting to me.