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BTCC / BTCC Square / Global Cryptocurrency /
Lucid Stock Surges on Analyst Upgrade Despite Ongoing Losses

Lucid Stock Surges on Analyst Upgrade Despite Ongoing Losses

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-09-05 22:01:02
0
BTCCSquare news:

Lucid Motors shares soared 12.3% in Friday trading after Cantor Fitzgerald dramatically raised its price target from $3 to $20 per share. The bullish revision follows the EV maker's recent 1-for-10 reverse stock split, though the company continues to burn cash at an alarming rate.

Second-quarter results revealed $739 million in losses against just $259 million revenue, with only $1.8 billion cash reserves remaining. The Saudi Public Investment Fund's backing appears to be the sole factor preventing a liquidity crisis, as traditional metrics WOULD deem such losses unsustainable.

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