Decided to post here because LCID seems pretty high risk. After the share dilution, LCID tanked pretty hard. Reached as low as 2.03. Their earnings has been steady and going up slightly, and even rallied immediately at the recent earnings drop, however it seems to be heavily shorted (with SI being 30%). I bought yesterday on the 12th at $2.13 after seeing some reoccurring patterns on the TA.
[Aug 24 pattern](https://preview.redd.it/vqqq42ujdp0e1.png?width=229&format=png&auto=webp&s=aac3f5a6d5b2085f45b191e427e13b29cac68b00)
[Nov 12 Snapshot](https://preview.redd.it/gb7r2otkdp0e1.png?width=200&format=png&auto=webp&s=d236ab3fd6549d41cdad0a3134238c9ee40f120d)
[Today's result](https://preview.redd.it/q6olg1qldp0e1.png?width=295&format=png&auto=webp&s=c7cd85e1a09ba27015788837f5d71a011781870a)
Seems like it's beginning to reverse, however with SI remaining high it may give more buying opportunities at cheap prices.
Positives:
\-Lucid planning to release more vehicles, including an affordable EV at 50k sometime 2026.
\-Revenue slightly increasing every quarter instead of tumbling as it did before.
\-Strong backing by the PIF, while still remaining an American car company (tariff averse).
\-Stock price at the bottom (great buy opportunity).
Cons:
\-Currently Expensive EVs
\-Dodgy leadership by Rawlinson
\-Possibly further share dilution
\-Lots of shorts.
\-Lots of FUD (like Lee Zeldin)
Not a financial advisor, but if the bottom support channel holds, seems to be a good buying opportunity. Do your own DD.
My position:
https://preview.redd.it/9j0ef6lvdp0e1.png?width=1060&format=png&auto=webp&s=da9e6d0c8a7972687c8af2e25629911a0ae5b724
https://preview.redd.it/ys6nfzdydp0e1.png?width=299&format=png&auto=webp&s=18fac133c65175520f2e45123b04bc51f6785f10