Cantor Pounds the Table on Lucid Stock

As weird as it may sound, it’s really not that exceptional to come across stocks that have shed 80% of their value over the past year, especially from those that went public via the SPAC route prior to the market meltdown.

Once such example is Lucid Motors (NASDAQ:LCID), the luxury EV maker that was put through the wringer in 2022. Factoring in supply chain snags and logistical problems, the start-up slashed its annual production targets twice last year and investors turned away in…

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