Lower Lucid

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Tesla wanna-be Lucid Motors (LCID) was, at one time, a successful SPAC stock. Of course, there isn’t a SPAC on the planet that actually did well in the long run, and even before this evening, Lucid’s stock price was sucking out loud.

Post-earnings, there’s just salt being added to the wound, with about another 10% of shareholder value disappearing.

I’ve never been that crazy about the car. They always struck me as Tesla Lite. Sort of a Hydrox to Tesla’s Oreo. In any case, LCID shareholders continue to get no love.