I remember when posters on this board said the stock looked tempting at 10, then at 6, then at 4, 3, 2 etc. Maybe it is at this low point, but I don't see any near term catalyst to move the stock up, other than some traders taking a risk because they believe the stock is oversold which it may be at this point, but others thought it was oversold at 6 and 4.
Getting close to buy point, I noticed it’s always about 40% below analysts average. That would be 14.5 since analysts are at 24.28.
I think many of us do. If the shorts continue to mess with it and it goes below $10 then all those institutions they wanted to invest won't be able to. I'm sitting on the sidelines to see how this plays out but at the moment its seems what Lucid was aiming to do backfired. Early days yet though......
Cars on the road won't do jack if they can't get out from under the rep for having unreliable cars that are difficult to get serviced.
I agree with your statement. Getting more cars on the road without outstanding quality control and aftermarket service will just lead to more bad mouthing of the brand and be the swan song for the brand long term. They need better marketing along with topnotch QC and service. HMP has the patience of a saint. But you are not going to find many like him. Delivering a new Gravity and then having it almost immediately go into the shop for weeks on end is not the way to build a brand, but will result in the opposite of what you are trying to achieve.
I suspect it will squeeze the Saudi's
I didn't say the sky is falling. I have said I am pessimistic over the short term, but it is possible if Lucid starts making some changes for it to turn around. That means putting the car in every major mall so people will see it every time they go there(that's what Tesla did when they started out and it made a big difference). Making sure a Lucid is in every major cities auto show.(still none in Portland for the last 4 years). Improving the QC as that ticks people off after they just bought a new car and outstanding service as I mentioned before. Will Lucid do this, the jury is out. I am not the sky is falling out type person, but I need to see some concrete steps in the right direction before I change my current perspective. I am still waiting 5 months for some touch-up paint that was promised me after my door handle was scratched by service after my 3 year checkup and battery x-change. Why should it take this long for touch up paint. Minor point yes, but irritating nonetheless..Wishful thinking of some on this board is not going to cause the stock price to rise. There has to be good reasons and good planning by Lucid in the future to accomplish this.
I think your example of jaguars is a terrible example. I have always wanted to buy a Jaguar for the last 40+ years. I always decided against it since they were usually at the bottom of consumer reports on reliability. All my friends and relatives felt the same way. Yes there are people who will buy the Jaguar. It is a beautiful car with sleek lines and a great drive, but these are people willing to put up with the poor reliability though some on this board have stated their i-pace has had a good record. As you yourself mentioned if you want a jaguar you need two, one to drive and one in the shop. Jaguar sells less than 100k cars on a yearly basis, while Mercedes and BMW sells in the hundreds of thousands and Tesla in the millions. For Lucid to survive long term it needs to sell like like the latter brands. Contrary to your statement, the reliability factor absolutely diminished the desire for Jaguars otherwise they would selling in the hundreds of thousands like BMW and Mercedes especially as many of the jaguars look much better than many of BMW and Mercedes offerings.
One needs to be careful with that. Yes the AGT with the 19 inch tires is rated 512 miles. But most do not achieve that range and others who have the 20 and 21 inch tires will get less range. Yes that is specified in the website, but some may just look at the advertising and then be disappointed when their car does not achieve that goal. I think that Lucid just needs to hammer in that all their cars regardless of trims all beat the competition handily when it comes to range and not just concentrate on the Grand Touring with the 19 inch tires.
I think it was oversold, panic reaction. They are increasing sales. Split actually doesn’t change anything about the fundamentals. Maybe dilution being priced in. Market cap is now 4.96 billion….they have 4.86 billion in liquidity.
People don't parse the issue that finely. They hear "500" or "400" they think "wow that is a lot of range."
