 Boom What's up money geeks? I'm Zavi here. Welcome to another video. So into this video I want to give you guys some update on lucid motors ticket symbol LC ID There's some news out there and I want to give you guys That news and also give you guys my price projection moving forward But before we get started guys if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button in the notification bell So you don't miss out on new content. So when it comes to lucid motor There's been a lot going on just this month along the stock has Exploded it started last month and then moved into this month And we still continue to see some grow even though today There's been some pullback in the market But one of the questions I keep getting from a little you guys is When can I get in when can I get in mr. V? So again My whole thing is if you are looking to get in long term Always dollar cost average your way into it each time There's a pullback you buy a little bit every time there's a pullback you buy a little bit if you're looking to trade and then look for a Great entry point trade it as soon as it moves up a little bit you sell take that profit putting your pocket and walk away So that should be your mindset, but again, like I said to this video I want to show you guys some of the things that It's happening with lucid right now and then some news that's gonna come in that has a potential to impact The price of this talk so we're gonna talk about that so when it comes to lucid I would encourage you to go out and do your homework because this is the stock that I've covered here on the channel I've always been No ready to give you guys update and some news as soon as I hear anything about lucid I try to put it out there so that you guys can make sound decisions as far as investing so a lot of you guys Got into this stock and in the very low bottom there somewhere around 1918 20 there's a lot of people and the 20 to 25 range if you got it at that point You're sitting pretty good. So you have two things here You're looking long term or you're looking to swing trade because swing trade You should have been taking some profit already when this thing got all the way to I think 49 48 and some change so that's what you should have been doing But we're the reasons why I wanted to show you talk to you guys today and be positive about lucid If we can switch here, I'm gonna show you guys here real quick. So again, if you can see last weekend They actually open a studio in DC So this is very important because from a marketing standpoint People can actually go in there take a look at this vehicle sit in the vehicle and get that kind of a feel of it They can compare with other vehicles that you've sat in so they're gonna be building the studios across the country And that's how they're gonna get exposure so people can start trying it Hopefully allowing people to do test drives and stuff like that to me that would be huge But more importantly, this is some good news. I wanted to share with you guys here If you can see here the people actually started testing Lucy remember I mentioned to you guys that when Lucy goes Start doing distribution of the vehicles of the cars. It's okay for Lucy to have done their tests, but What if customer starts driving and they want to do whatever they want to do with the car? We will get some reports back, but so far Incoming look at this an impressive Rethink of the luxury sedan and again, that's the reason why I was told you guys for people that invested in Tesla I'm an investor in Tesla, but my Description has always been Tesla is Toyota and lucid is Lexus Probably much the same company Toyota and Lexus. That's the way I see it So if you are somebody that it's getting into the stock and you do quite understand why you're getting into I want you to have that at the back of your head. So but again, if you can see here the reviews are Impeccable look man. Just go through it. I'm gonna put these links in the description You guys can actually read through it because again, this is not companies that work with Lucy These are independent companies putting out all these reports out there about Lucy. So I'm super excited about this The one thing I want you guys to put on your calendar here. This can is gonna actually load I know it's taking that long. Okay, if you can see here November 15, this is their earnings day So I want you to put this in your calendar November 15 after hours They're gonna report earnings and again This has the potential of impacting the price of the stock because if they come out and project good numbers and the Confidence that it can meet their consumer demand and then you would see a Lot more pressure to the upside. So people want to jump in but if they say they can't meet those demands You might see pressure to the downside. So again, this is just something that you have to be aware So again, my anticipation is that We see target numbers. How quick can you meet these consumer demand? Have we had Extra demand because remember we had over 10,000 reservations for the the cars Have we had more reservations and if there's more what if it's gone to 15 to 20,000? I want to see those numbers and then what are the plans for expanding in actually increasing production So right now if they can show us that they have a game plan to ramp up that production That would definitely impact the price of the stock because people are gonna feel ever more confident But if they come out and they're a little bit flat, then you see a pullback. That doesn't mean I'm selling Yeah, a pullback simply means that if it gets to a point where I'm comfortable again I'm gonna add again to my position because this is a long-term play This is not something that I'm just holding short term So I mean as of right now we're doing this video. You can see Lucid is selling somewhere about forty three dollars and some change He actually went close to four close to fifty dollars pre-market see right there for the eight almost forty nine dollars And then the market opened it pulled back all the way to 42 Squeeze back up as you can see right here before now sitting somewhere for the three But overall the market actually pulled back today Most most stocks are actually saw that pullback in the market, which to me that's very very typical You cannot just be riding this whole momentum without any sense of a pullback. So the fact is there's a little bit pullback I'm okay with I'm okay with that But again for people that have been asking the questions when should I get in should I jump in now? When is a good time you're getting if you're buying long-term guys again dollar cost average you your way into the start DC A if you are swing trading and then this I'll say don't don't do it right now Just wait because usually pullbacks like this look at Where there is resistance and you can jump in otherwise wait for this I say November 15 wait for that earnings call and see which direction the stack is gonna go Even if it spikes after November 15, it's still gonna pull back these things Don't just go to the moon like that forever And usually you are gonna feel formal that you're missing out of your jump in and by the tip And it is gonna pull back you're gonna start thinking why you jumped in so be patient if you have cash Just wait this thing is gonna come right back to you and you can find a good entry point That's just the way it works. Look at Tesla. If you look at the chart Tesla's takes a wind like this That's like went down went up down There's always a great opportunity to get in all you have to do is be patient But if you have the money to average your way down Then you can stop buying now and average your way down But if you don't have the money, I'll see be patient This is in a pullback a little bit and gives you some opportunity to get in so that's what I wanted to cover In this video a lot of you guys are probably asking the question like hey Where should we sell if you're looking to sell? I said that when it got to that 50 point sell around $50 So right now let's focus of where the thing is so if you can see now the gap fail at somewhere between 50 and that 60 so it's it's no man's land that we haven't had any sort of our Support or resistance within that range so it's if the market continues now that it pulled back a little bit It could be a consolidation and if you consolidate at this level again I like it consolidating over $40 if you consolidate over $40 chances are this thing It's gonna pick up from here and fly we can see 50 and even test 55, but again guys These are depending on let's say their earnings call next week again The reviews that are coming from the street Different companies are testing the vehicles when they see demand and if they don't report any issues if people are Driving right now, and we don't see any issues Remember Tesla went through this when the people were complaining that the batteries were catching on fire And the cars were exploding and so that bit the price of the stock a lot So if we start hearing those little things Then you will see the price of pullback, but again some of these guys came from Tesla So I'm assuming that they've learned a lot from working at Tesla building the mother s Which they should tweak all that in lucid and make it even more of a better vehicle than the Tesla vehicle So again, that's just my take let me know in the comment section what you think are you currently holding are you holding long term? Are you string trading or you just a trading lucid again? Let me know in the comment section if you're new here We talk about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button in the notification bell So don't miss out on your content Also, if you're looking to get set with investing Check the links in the description below if you sign up and deposit five dollars You get free stocks of Weibo again links in the description below and as always guys Do you do diligence? Don't be greedy savage. Stay motivated