Uber Buys 13.7M Shares?! ⚠️ Will Lucid Recover This Week? │ Key LCID Catalysts
Overall Thesis
LCID hit a 52-week all-time low last week and Uber's 13.7M share purchase at $21.18 shows significant current discount, while this week's macro data and Nvidia earnings are the key recovery catalysts.
Narratives
Going into the week, speaker highlights that Uber's 13F filing revealed it bought 13.7M shares at an effective price of $21.18 as part of the robotaxi deal, meaning LCID is deeply discounted vs Uber's own entry price. Shorts returned nearly 1M shares last week — bullish signal. AMP2 construction is progressing well per communications head Nick. This week's key catalysts are FOMC minutes (Wednesday), Nvidia earnings (Wednesday AH), and Walmart earnings (Thursday). Speaker sees modest recovery to S2–S3 range as realistic, not $17+ as some on social media claim.
Key Arguments
- Uber bought 13.7M shares at ~$21.18 as part of robotaxi deal — shows LCID deeply discounted at current $14.20
- Shorts returned ~999K shares last week, validating prior week's bottom
- AMP2 construction progressing well — building structures complete, floors poured, equipment being installed
- Morgan Stanley increased position despite giving lukewarm analyst ratings — classic divergence signal