Perfect storm brewing for Lucid short squeeze

The underperformance of Lucid (NASDAQ: LCID) is a matter of concern not just for institutional investors but also for individual traders who have invested their hard-earned money. The recent quarterly earnings report revealed a decline in vehicle production and delivery, which has left many wondering if Lucid can reverse its fortunes.In its 2021 investor presentation, Lucid projected to deliver 90,000 vehicles and generate $9.9 billion in revenue for 2024. However, these estimates are far from reality. In i ...