$Lucid Group Inc(LCID)$$Tesla Motors(TSLA)$ a month or so ago % of LCID stock held by funds was around less than 10% while as of today it stands at 20%. One of the point among others to reflect is: funds are accumulating this stock while not many street analysts or TV gurus recommending the stock as well stock is kept volatile to shake out weak hands and short term investors. I do not know he future but it seems that institutional money is flowing in the stock; 50%+ of the stock is held by deep pocket ling term hold investor; LCID needs access to cheap money to build its manufacturing capabilities to meet delivery schedule and unlike other EV companies it has an access to cheap money from its major investor ( SA ); funds can only buy LCID stock either when insiders sell their stock and/or shake the weak hands/short term traders/quants by forcing stock to be volatile. Currently, LCID price is dependent on their ability to meet delivery schedule. LCID has the best chance of meeting the delivery schedule as it has easy access to money, CEO is an auto engineer with experience in the industry and in particular has been at TASLA when they went through their technical issues related to design and manufacturing of EV.
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