LCID Stock Alert: 5 Investors Betting Big on Lucid Motors

Lucid (NASDAQ:LCID) stock has shed over 30% so far this year, bringing its all-time loss to more than 70%. Both institutional investors and hedge funds are taking notice, decreasing their net exposure by 2.92% and 11.89%, respectively, as of the end of the first quarter. How much of that can be attributed to missed expectations? As pointed out by The Motley Fool, Lucid guided for the delivery of 90,000 vehicles and revenue of $9.9 billion for 2024 in its 2021 investor presentation. Those estimates are a lon ...