Lucid's Stock Price is Still in Reverse: New Lows Are Coming

Key PointsLucid had another tepid quarter with increasing cash burn, sending shares down 15%. The company is capitalized now but will burn through it quickly, raising the risk of additional dilution. Short interest is high and will weigh on the price action for quarters to come. 5 stocks we like better than Lucid GroupLucid’s NASDAQ: LCID stock price has been down-trending since 2021, and it is not over. The Q1 results aren’t horrible, but they did nothing to improve the outlook for growth, market dominatio ...