Lucid Motors' Struggle to Survive in 2023

$5bn equity raise is needed this year to keep Lucid afloat

While this is a bearish report on Lucid Motors, keep in mind that the Saudi Arabian sovereign wealth fund (PIF) owns a 64% stake in Lucid. But this doesn’t mean they’d buy it out at current prices.

Lucid’s Current Plight

Over-Ambitious Forecasts Pre-Listing: Lucid Motors raised $4.4bn via a SPAC merger in July 2021 with forecasts of selling 250,000 luxur…