$lcid #stock #short under investigation by #sec to 50DMA to $36
said it received a subpoena from the Securities and Exchange Commission related to the deal that took the electric-vehicle company public this summer.
The Newark, Calif., startup is the latest electric-vehicle maker to draw the scrutiny of federal regulators, which comes as the SEC is taking a harder look at the optimistic revenue projections used by young businesses that have merged with special-purpose acquisition companies, or SPACs.
The burgeoning electric-vehicle industry has caught the attention of investors, but also federal regulators, with several of them the subject of investigations. In March, Lordstown Motors Corp. said it was cooperating with the SEC to provide information it requested. In September
lcid has the same #market cap with f ford. it is crazy… #ucidmotors is a bubble right now..
It will reach at least $36 the 50dma …
short position and here except dwac
The Newark, Calif., startup is the latest electric-vehicle maker to draw the scrutiny of federal regulators, which comes as the SEC is taking a harder look at the optimistic revenue projections used by young businesses that have merged with special-purpose acquisition companies, or SPACs.
The burgeoning electric-vehicle industry has caught the attention of investors, but also federal regulators, with several of them the subject of investigations. In March, Lordstown Motors Corp. said it was cooperating with the SEC to provide information it requested. In September
lcid has the same #market cap with f ford. it is crazy… #ucidmotors is a bubble right now..
It will reach at least $36 the 50dma …
short position and here except dwac