Short-term momentum indicators suggest LCID might face resistance at $3.35, with the current stock price forecast factoring in macroeconomic pressures like higher borrowing costs and slowing EV adoption rates. However, LCID stock has gained 5% over the last five days and is now trading near the adjusted price level it traded a day before the reverse split. That’s a small consolation for investors, as the stock is still down 36% for the year. As for the stock’s long-term performance, the less said, the better, as, like fellow startup electric vehicle (EV) companies, it trades at a tiny fraction of the all-time highs. General Motors, Ford Hit Record EV Deliveries In Q3: Tax Credit Expiration Or Lasting Growth?
