Reported 2 days ago
Lucid Motors' stock is experiencing a significant rise due to a positive analyst report from Cantor Fitzgerald, which raised its price target from $3 to $20 per share. Despite reporting substantial losses in Q2, the company's strong backing from Saudi Arabia's Public Investment Fund provides some financial stability. However, this relationship could pose risks for other investors, making it essential to consider whether Lucid is a sound investment amidst the volatility.
Source: YAHOO