Apr. 29 at 4:28 PM
$LCID yes I know that but they had 10 times the number of shares. It was a realistic threat.
$BAC just bought 300$ million worth, uber the same etc. at above the current price by 50% that sets the bar. That is the centre of gravity at this time.
So before - yes the price was sinking to where it’s at now. Now, the price will rise to its centre of gravity.
One was a trend, the other is a very temporary event.
Now if they did their quarterly and were like “oh we made no cars ha ha shit” then yes price would actually cement down here and a R/S woood be required.
Right now if they did that they would severely damage credibility and make the stock toxic instead of showing effort, and stability.
So no.. super unlikely. Impossible, no, but there is no clean concourse to it. And it would piss off
$UBER, and
$BAC which just bought half a billion in commons
