Lucid Motors Quantitative Analysis (Annual) - SHORT Shares Outstanding = 1.67 B Comments on Annual Quantitative Analysis Loss making up until 2025 at least Very high sales multiple Putting target at 13 which is -28% drop Has traded around 13 recently Quantitative Analysis (Sector Comps) Comments on Quantitative Analysis Sector Comparison One of the highest valued based on a sales multiple but also one of the bigger ones (20B+ mkt cap) Comments on Business Lucid Group, Inc. manufactures electric vehicles. It designs, develops, and builds energy storage systems for electric vehicles and supplies automakers with the battery pack system needed to power hybrid, plugin, and electric vehicles. The company was founded in December 2007 and is headquartered in Newark, CA. The listed name for LCID is Lucid Group, Inc. Common Stock. KPI’s driving Revenue and Earnings Vehicle deliveries Reservations for cars Production volume Prices for car models Earnings Announcements Date: 8/4/22 (next) Last quarter (Q1) (ending 5/4/22) revenue of $57.7 million w/ deliveries of 360 vehicles Catalysts excluding Earnings No news of quick recovery of chip shortage/supply chain issue General Notes 92% historical, 100% implied Avg volume 14M Short int 6.42%, days to cover 7.6 52 week range 13.25 - 57.75 What is your choice of trade structure and why? Include time horizon for trade. Including earnings on 8/4 with PT of 13 August 18/12 Put Spread for 1.8 (160% max return) OR back ratio spread, Sell Jul 22 Put for 4.85 Buy Aug 18 Put for 3.23 In a 1 to 3 ratio