Lucid Motors (LCID) is suffering, and we can only imagine investors in LCID stock are begging for lucidity.
As we ask ourselves what’s going on, the first thing we must do is look at the chart. Because no matter what the narratives and valuation might say, when a stock face-plants by a not-cool 50% in about 6 weeks’ time, there’s something more than a bad quarter, inventory backlog, or concerns about excessive valuation. There’s a real problem.
