Stock Momentum

Rivian reported better than expected earnings and seem to be reaching their production target. Here is where Lucid leadership constantly failed….it was a bunch of engineers running the company who had no clue about company finances/supply chain/ software. Glad the whole leadership team got kicked out. Hoping Napoli and his team can right this ship.

Lucid vehicles are very underrated by the public, and many haven’t heard of the company or probably only did because of bankruptcy rumors all stemming from Rawlinson and Winteroff mismanaging the company. Its going to be very tough to change that perception.
 
This will be Napoli's first full quarter under his new leadership team so I agree, hopefully we hear in the next earnings call how they are going to put Lucid on a sustainable, realistic path to profitability. I am curious to hear about the next capital raise that will be positive for shareholders he alluded to a few months back.
 
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