LCIDBearhit
Lucid CityTarget Price
$7.88
“If not, then I do tend to agree with the bears that then you most likely will be seeing some level of consolidation. 788 is going to be that next strong support.”@ 9:41 · open at this moment on YouTube ↗
Thesis at the time
BearishThe speaker expects continued downside pressure in the coming week due to rising shorts, institutional selling, poor customer service reports, dual recalls (Air and Gravity), and LCID closing below key support at $8.65. A positive PR from management could spark a bounce since LCID is deeply oversold, but bears are targeting $8.00-$8.50.
Key arguments
- Closed below key support at $8.65 — next support is $7.88
- Shorts at 33.74% of float (45.15M shares), increasing 452K on Friday
- Second Lucid Air recall affecting 3,627 units (2024-2026 model years)
- All secondary market transactions on Friday were institutional sells
- Customer service deteriorating — advisor caught lying about repair status
- Bears targeting $8.00-$8.50; bulls barely see $8.50-$9.00
Counter-arguments acknowledged
- LCID deeply oversold — a positive PR could spark a bounce
- New York Auto Show appearance might attract new buyers
- Management going on TV with confidence could shift sentiment
The call
- Date said
- Apr 12, 2026
- Price at prediction
- $9.24
- Confidence
- medium
- Specificity
- specific
How it resolved
- Status
- hit
- Resolution price
- $7.70
- Return
- +16.7%
- Notes
- Target ≤$7.88 reached on 2026-04-16. Price: $7.70. Return: +16.7%.
Why this resolved this way(resolution audit)
Rule that fired
Target ≤$7.88 reached on 2026-04-16. Price: $7.70. Return: +16.7%.
Full rules: docs/resolution-spec.md.