Who is TheLucidVerse?
I am LucidVerse and my main focus in the Electric Vehicle Market as well as Growth Market is Lucid Motors. Lucid has industry leading Battery Technology, unbelievable Electric Vehicles and a Energy Storage System that could change how Electric Vehicle batteries are recycled. I have recently written a very speculative article about Lucid potentially licensing their technology to Apple to help create the Apple car. This article got a ton of attention. Check it out here: Lucid Could Potentially Be Crowned The Maker of The Apple Car.
I have a video out on Torque News Youtube Channel.
There I outlined why a partnership between the two companies made sense and the connections that the two companies had together. We should find out who Apple picks to make their Apple car in late 2022 based on recent reports. That will be exciting to find out and I highly recommend you check the video out.
What Investors Need to Know to Navigate the PIF Lockup Expiration
Next week on January 19th is Saudi Arabia’s Public Investment Funds lockup expiration. This means that approximately 1.2 Billion shares of Lucid Motors are about to unlock for the majority shareholders of Lucid. Furthermore, next week $LCID will be very volatile and could end up in a large dip or a huge short squeeze. With the amount of institutional investing that has been happening, I do not believe that their will be that large of a dip for the week, maybe down a bit before the lockup happens because of shorters trying to makes money, but I do see their being a huge short squeeze once the volume shows that the PIF did not actually sell.
Why a Short Squeeze Could Happen
Right now there are zero shares available to short at a reasonable rate. The last report, the fee to short $LCID was about 60%. That is a huge fee to short a company and could cause many shorters to have to clever their position. With that said, long term investors should probably sit on the sidelines and have a wait and see approach. Lucid Motors is having a huge expansion and are about to produce 20,000 Lucid Airs in 2022. This is a huge year, which could see some very volatile days. I do believe that we will see Lucid at $100 by the end of 2022.
Check out my article for more information on that here: Lucid’s Stock Will Hit $100 Before The End of 2022. But for right now we see investors that have a pretty split decision of what the PIF is going to do with their large position in Lucid. Many shorters believe that the PIF will sell.
Any confirmation that states the PIF held, we will see a short squeeze, if in fact they do sell, they will still want to maintain majority control. That is because the PIF has huge plans for Lucid Motors to expand into the Saudi Arabian market, which is estimated to be the largest market in the world for luxury vehicles. The PIF has regretted selling Tesla right before their huge boom, and do not want to make the same mistake as last time. That is why I have full belief they will hold 100% of their holding and Lucid will remain in the PIFs 2030 Vision.
My Final Thoughts
I am glad that I got to formally introduce myself. Lucid Motors is in the infancy of what they can achieve and this will not be the last time you hear from me. Lucid is an amazing company that you should watch and invest in for their Battery Technology, Vehicles and Energy Storage System, among other things. Lucid Motors' Secret Weapon and Tesla's Mistakes. An Apple partnership would be nice, but Lucid can and will succeed regardless of what happens. I just wanted to let the regular investor know why a partnership made sense and what could transpire in the future. I hope you enjoyed, and happy trading.
Anthony Donati focuses on electric vehicles and renewable energy companies. He covers Lucid Motors news at Torque News. Please follow him on Twitter at @TheLucidVerse for daily Lucid Motors news. He has a degree in Business Administration with a concentration in Finance. DISCLAIMER: Anthony is a Lucid Motors (LCID) stock holder.