Lucid motors stock forecast aligns with sector rotation trends

Lucid Motors stock forecast aligns with sector rotation trends favoring green tech. Funds reallocating from oil majors to EV equities have increased institutional buy pressure, hinting at a possible breakout if sector sentiment holds strong. Lucid stock is down 25% year-to-date, compared to the broader market gain of 9.7%. Lucid announced plans for a 1-for-10 reverse stock split, which is expected in early September pending shareholder approval. Management claims it is intended to attract long-term institutional investors. Lucid has to turn into a sustainable business sooner rather than later, as the unending cycle of stock sales to fund cash burn cannot continue in perpetuity. It took Lucid twice as much to build a car in Q2 as it sold it for—and we haven’t yet accounted for depreciation and other overheads like marketing expenses. As things stand today, Lucid does not have a well-defined short-term path to profitability. Traders watching Lucid Motors stock forecast highlight resistance near $4.