Lucid Group Inc (LCID)

[double_m]

That's the playbook used on M*LN over and over again with the help of the dirtbag CEO. The difference here is Lucid doesn't have a ton of toxic lenders on the books. The Saudi PIF is the majority owner and will protect their investment at all costs. They just opened a plant late last year in SA that'll pump out 5,000 p/yr now and over 150K in a couple of years when it's fully up and running. They won't have to burn thru all that cash in the US to build cars so they can sit on a lot. They can just send the kits to SA for assembly and sale there. I spent quite a few years in the region and saw the influence of the Saudi playboys. They love luxury toys. Car sales will skyrocket there and the surrounding countries (Bahrain, Qatar, UAE, Abu Dhabi, Kuwait, Oman, Fujarah, etc.). It makes sense to do an RS sooner rather then later with catalists on the horizon.