Because their currently track record is good driving, poor selling, buggy cars, bad software, horrific service times before the layoffs even, and a company that exists as a hobby for the Saudi’s that appears lost in the market with no clear direction that has also lost over 90% of its value in a year or so?
Turns out a lot of people didn’t care about the car being slightly more efficient than a Tesla. Lucid has so much more going for it than efficiency, they need to quit harping on that. They’re backing thr wrong pony.
The market said “no”, but the PIF said “yes”. Will it work? Time will tell, but so far, no.
I want them to succeed. I wanted Fisker to succeed too. I wanted Tesla to eat it. So who knows!