Red this below and look the Tesla chart year ago. They are buying because they are smart and they knows who is the CEO of LCID
According to the article
“Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Lucid Group in the 3rd quarter valued at about $8,721,000. Victory Capital Management Inc. purchased a new stake in Lucid Group in the third quarter valued at approximately $6,560,000. Spotlight Asset Group Inc. acquired a new stake in shares of Lucid Group in the third quarter valued at approximately $5,232,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Lucid Group during the third quarter worth approximately $3,585,000. Finally, Independent Advisor Alliance acquired a new position in shares of Lucid Group in the 3rd quarter valued at $3,136,000. 1.08% of the stock is currently owned by institutional investors.”$Lucid Group Inc(LCID)$
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