Lucid Group Stock Gains Traction, But Its Stock Price Won't

Lucid Group NASDAQ: LCID had a better-than-expected quarter, with production and deliveries rising, revenue outpacing consensus estimates, and the balance sheet capitalized. Still, its stock price is unlikely to move significantly higher. This cash-intensive EV OEM startup is still burning cash, slowly eating itself to death, and dilution is a significant headwind for shareholders. Additionally, the capital structure, threat of dilution and failure have the short-interest running near 30%, a dead weight for ...