Lucid Gravity Ramping UP ⚠️ Entities Behind Lucid Shorting Revealed | New Lucid Ratings
Overall Thesis
Lucid Gravity is ramping at AMP-2 and new analyst ratings are mildly positive, but the speaker speculates that BlackRock or Fidelity — original PIPE investors — may be the entities behind the persistent short-selling campaign against LCID.
Narratives
The speaker covers two new analyst ratings (Morgan Stanley $3 hold, Benchmark $5 buy) following solid Q1 delivery numbers, arguing Morgan Stanley's Adam Jonas is now constrained from being too bearish on Lucid because of Morgan Stanley's Saudi market-making deal. The speaker also presents a conspiracy theory that BlackRock or Fidelity — original PIPE investors with market-maker status and a negative cost-to-borrow — are likely orchestrating the persistent short pressure on LCID. Gravity production is finally ramping at AMP-2.
Key Arguments
- Morgan Stanley has a new Saudi market-making role, which the speaker believes constrains Adam Jonas from being bearish on Lucid/PIF
- Negative cost-to-borrow minimum indicates brokers are paying people to short Lucid — the speaker believes BlackRock or Fidelity (original PIPE investors with market-maker status) are the culprit
- Latest AMP-1 flyover shows Gravity ramping up — April studio deliveries expected