Lucid Group Inc (LCID)

[wiredawg]

At the moment, it's all about interest rates. Corporation' s the likes of LCID will have a steep uphill battle until the fed levels off on raising rates. Cheap monies are no longer available, and it sounds like the fed is going to 4.00 - 4.25% by the end of this year. The OCT CPI followed by the Nov rate announcement will have all on edge. I really do think LCID will hit single digits. What I don't know is how will LCID survive, got nothing to do with the product but more about financing. With 1.7Bil outstanding shares that alone is not doing shareholders any favors and this environment. I hate to say but I see reverse split somewhere in LCID future 1 to 3 years. But better than bankruptcy option for long term holders...