Lucid: Short-Sellers Get Scorched


  • Rumors are swirling that Saudi PIF, the majority shareholder of Lucid, is eager to acquire the company, fueling speculation of a potential power play.
  • The sudden surge of LCID sent shockwaves through the market, likely leaving short-sellers who had heavily bet against the stock from November 2022 with significant losses.
  • Savvy investors who scooped up LCID in December and January likely cashed in on the buzz, profiting from the PIF speculation.
  • Investors shouldn’t be tempted to jump in on rumors. Short sellers, take note: don’t underestimate the PIF again, or you may pay the price.
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David Becker

A pleasant surprise for holders of Lucid Group, Inc. (NASDAQ:LCID) stock as a rumor about a takeover by its majority shareholder, Saudi Arabia’s Sovereign Wealth Fund (SWF): Public Investment Fund or PIF sent LCID surging.

However, the rumor has not been

Disclosure: I/we have a beneficial long position in the shares of TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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