Peter Gives HINT of SEVERAL OEM Deals │ What is Happening w Lucid TODAY ⚠️ Lucid Stock Analysi
Overall SentimentBullishStrength: 65%
Overall Thesis
Lucid had a good day relative to a broader EV market selloff, and Peter Rawlinson's hint at 'several' OEM deals in progress — not just Hyundai — is a significant bullish signal for the company's technology licensing revenue potential.
Narratives
LCIDLucid Motors
BullishLucid outperformed the EV sector (Tesla -8%, Rivian -1.5%, Polestar -7%) by closing up 0.71% on the day. Peter Rawlinson confirmed at the shareholder meeting that Lucid is in talks with 'several' OEMs — not just Hyundai — which the speaker sees as a significant expansion of the potential partnership pipeline. Shorts returned 1.18 million shares on a green day, which the speaker views as validation that the upside move was justified.
Key Arguments
- Peter Rawlinson explicitly said Lucid is in talks with 'several OEMs' — plural — suggesting more than just a Hyundai deal
- Hyundai deal likely to be announced around September 2024, similar to the 6-month lag seen with the Aston Martin deal
- Shorts returning 1.18 million shares on a green day validates the bullish momentum
- All board votes were passed including executive compensation and the 2021 stock incentive plan
- Lisa Lambert added to board of directors
Predictions (1)
Bull
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