The shares of the company are extremely volatile as visibility into the financial future of the company is limited.
However, we do think that, while certainly not devoid of risk, the shares potentially contain much more value, given Lucid’s addressable market and the rapid build-up of its commercial infrastructure.
Add to that the opportunities for some of its other products, and given the recent share sale and the companies should be able to proceed for quite a while.
Commercial efforts ensued slower than hoped, and the company is experiencing headwinds from the pandemic, leading to considerable weakness in the share price.