Lucid AMP2 Full Capacity in 2029 ⚠️ Important Lucid & Rivian UPDATES │ NEW All Time HIGH SI
Overall SentimentBearishStrength: 50%
Overall Thesis
Lucid's AMP-2 full capacity timeline has been quietly pushed back to 2029 — which bulls are spinning as positive but the speaker identifies as a notable negative — while new all-time high short interest and institutional apathy weigh on the stock.
Narratives
LCIDLucid Motors
BearishThe key update is AMP-2 full 150,000-unit capacity being pushed back to 2029, from an original 2026 target, which the speaker views as a negative that bulls are ignoring. Short interest hit a new all-time high at 35.79%, driven by algorithmic trading as volume stays low. The speaker maintains that upcoming earnings is the next real catalyst.
Key Arguments
- AMP-2 full capacity of 150,000 units pushed to 2029 — originally 2026, then 2027, now further delayed
- AMP-2 self-sufficiency by mid-2026 is a positive but the capacity delay is being glossed over
- New all-time high short interest at 35.79%; DTC 5.82 days (overextended)
- Volume is low — approximately 5.1M shares with shorts making up a significant chunk
- Institutions doing virtually nothing; algorithmic trading driving price action
- Current AMP-1 capacity of 90,000 but Lucid only produced ~18,000 — nowhere near full capacity
Analyzed with manual_claude_session | Extraction manual_v1 | Cost: —