Behind the video
Lucid's LATEST 8K - What it Says ⚠️ Lucid Shorts RETURN 2.4M TODAY │ BoA Analyst LOWERS Ratin
Overall Thesis
Lucid's latest 8K adds 21M more shares, BoA's John Murphy (historically bullish) lowered to a $3.40 target, shorts returned 2.4M shares today, and technicals are fully broken — only a strong Q3 earnings with right Gravity language can reverse course.
Narratives
LCIDLucid MotorsA new 8K filing shows the PIF affiliate added another 21M shares to the dilution package on top of the 374M already announced. Bank of America's John Murphy — historically one of Lucid's biggest bulls with targets as high as $40-45 in earlier years — issued a $3.40 price target. Separately, CF Garrett put out a $2 target. Short are returning 2.31M shares but this isn't moving the stock significantly. Technicals are 'fully broken' per the speaker. Everything now hinges on Q3 earnings November 7.
Key Arguments
- 8K adds 21M more shares to the PIF affiliate purchase on top of existing $374M — continuing dilution
- BoA's John Murphy (55% success rate, former bull) now at $3.40 — significant signal from historical Lucid bull
- CF Garrett at $2 price target — bearish signal from another analyst
- Elliott Wave pivot at $3.76 — below this anticipates $2.60-$2.79 range
- Options show some entities anticipating sub-$1.50 a week after Q3 earnings — implies expected miss
Risks acknowledged
- Market has now factored in all the bad news — dilution and low revenue guidance are priced in
- Fear and greed index in greed territory — appetite for risk supports potential recovery
- If Lucid announces a strategic partnership or good Gravity news, value investors could rush in
Predictions (1)
"it does have a pivot point of $376 Cent so for as long as it is below that then it is anticipated to be between that 260 and 2 79 range"