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Stock price of Lucid

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WildRide47

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I'm concerned about the viability of the company. Today the stock price closed at 5.93.(equivalent to 59 cents before 10-1 reverse split). Will it go private with the Saudi's taking it over? Considering Uber just took a 10% position and the Saudi's 60%, and the anticipated Cosmos release, why is it going so low. Yes I know all the problems, service, marketing and the loss of various senior management, but the stock price is pricing it if it is already going broke. Seems like an overreaction at this point. Now if Cosmos if not a success, then I can understand, but seems like investors have already written it off prematurely.
 
WildRide47 said:
I'm concerned about the viability of the company. Today the stock price closed at 5.93.(equivalent to 59 cents before 10-1 reverse split). Will it go private with the Saudi's taking it over? Considering Uber just took a 10% position and the Saudi's 60%, and the anticipated Cosmos release, why is it going so low. Yes I know all the problems, service, marketing and the loss of various senior management, but the stock price is pricing it if it is already going broke. Seems like an overreaction at this point. Now if Cosmos if not a success, then I can understand, but seems like investors have already written it off prematurely.
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Just fear that they would need to dilute more and rumors Saudi may take it public and therefore they are trying to crash to stock to buy it cheap. But they wouldn’t have announced a new CEO or Uber investment. BOA issued at around $8. I feel this is an over reaction.

It will drop till earnings week. Next quarter should recover as sales recover from the 1st quarter.

I’m just buying more every week!😁 Too cheap at a market cap of 2 billion!
 
I bought 50 shares with $1000 when it was $20 presplit. So they are now 5 shares.

Now, with the same $1000, I can get 166 shares!

I will continue to buy until midsize launch and ramp up- till end of 2028.

With their tech, new CEO, midsize reveal, continued Saudi support, gas prices- lots of catalysts going forwards.

I can see Gravity sales increasing a lot after software fixes.

Once recall issues are addressed, servicing should open up as well.

Not worried at all!
 
For the first time, I'm starting to have real concern about the viability of the company. This concern is compounded by the fact PIF is facing its own challenges and tighting up its investments around the globe.
 
L-Dude said:
For the first time, I'm starting to have real concern about the viability of the company. This concern is compounded by the fact PIF is facing its own challenges and tighting up its investments around the globe.
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Their fund is worth a trillion dollars. If investing in this company is such a concern, why would Uber take 11% stake? Saudi want jobs so built factory there. Why would they back out now? I

It’s just the way Wall Street shorts stroke fear Of course, some of it is self inflicted by mistakes and overspending by Lucid executives. But product is strong.

Im hopeful, the new CEO, who actually has real experience running a global company, can turn things around.

If they execute, sky is the limit!
 
I think we need to stop blaming the price on shorts. This is mostly due to miss management. Over promising and underdelivering.
 
gaskiller said:
Their fund is worth a trillion dollars. If investing in this company is such a concern, why would Uber take 11% stake? Saudi want jobs so built factory there. Why would they back out now? I

It’s just the way Wall Street shorts stroke fear Of course, some of it is self inflicted by mistakes and overspending by Lucid executives. But product is strong.

Im hopeful, the new CEO, who actually has real experience running a global company, can turn things around.

If they execute, sky is the limit!
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A few billion dollars is walking around money for the PIF. Sure they may walk away from their investment but it seems to me that they are building for the future.
 
victoryroad said:
A few billion dollars is walking around money for the PIF. Sure they may walk away from their investment but it seems to me that they are building for the future.
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Exactly why I’m continuing to invest, walking away now or taking it private won’t happen.
 
socktucker said:
It will be viable for somebody, but not necessarily retail investors.

PIF is cutting its losses all over the place. Assuming they picked up Lucid as a way to hedge bets against oil, all its done is cost them a boatload of money, vs oil, which makes them billions daily. I could see them taking it private and making it a boutiqe EV car. The disclosure of Uber owning a bunch of LCID is a bit troubling because that means their comittment of purchasing xxxx number of Lucids is really more of a circular investment than it is a true new partner. They've essentially partnered with themselves.

My experience on stocks like these is that people holding less than millions of it don't really know what's going on with it. We can guess, but that's all we are doing.

We can look at Fisker who just immedately tanked and bailed, and think that Lucid might do that. Or, we can look at VINFast, who had some really solid financial backing, a decent portfolio, but not enough brand or presence to make it count. They pulled out of the US but didn't go under. I would argue that Lucid is closer in comparison to VINFast than Fisker.
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I agree with a lot of the concerns about the financial viability of Lucid. The Uber investment announcement is certainly helpful, but I am skeptical about whether it will make enough of a difference in the end.

As a thought experiment, let's juxtaposes the Lucid-Nuro-Uber deal and the Jaguar-Waymo deal. Waymo became the banner-carrier for self-drive cars, but Jaguar basically is going out of business. Remember, the Jaguar-brand is own by Tata, a major Indian conglomerate with lots of resources and money. In a separate post, I touched upon these comparisons. I won't repeat here. I was surprised to find that the number of iPace utilized by Waymo was/is surprisingly few. Waymo learned a lot from the partnership and will continue to be successful. But Jaguar went down the tube! Sure, the PR and Uber's financial investment are helpful to Lucid, I am not sure there is enough to save Lucid as a long-term viable EV producer unless and until they get their act together. That means making a technically/financially competitive entry into the mid-size EV market.
 
$5.93 is very expensive for stock in a company that makes cars that most owners and reviewers can't reliably unlock or power up.
 
BS8899 said:
I agree with a lot of the concerns about the financial viability of Lucid. The Uber investment announcement is certainly helpful, but I am skeptical about whether it will make enough of a difference in the end.

As a thought experiment, let's juxtaposes the Lucid-Nuro-Uber deal and the Jaguar-Waymo deal. Waymo became the banner-carrier for self-drive cars, but Jaguar basically is going out of business. Remember, the Jaguar-brand is own by Tata, a major Indian conglomerate with lots of resources and money. In a separate post, I touched upon these comparisons. I won't repeat here. I was surprised to find that the number of iPace utilized by Waymo was/is surprisingly few. Waymo learned a lot from the partnership and will continue to be successful. But Jaguar went down the tube! Sure, the PR and Uber's financial investment are helpful to Lucid, I am not sure there is enough to save Lucid as a long-term viable EV producer unless and until they get their act together. That means making a technically/financially competitive entry into the mid-size EV market.
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Jaguar did not go down because of Waymo. Waymo only bought 3500 vehicles. Jaguar went belly up because their ICE vehicles couldn’t compete with the German luxury cars.

And ICE cars won’t work for robotaxis! Lucid with superior efficiency makes a lot is sense for robotaxis.

If you even get 10% more efficiency, money saved adds up significantly.

Look at Waymo, 2 million miles per week with just 3000 vehicles.

Just say you can go an extra 30 miles, with the same battery size, Waymo makes $2 per mile average. That’s $60 a day saving for each Lucid.

$60 x 300 to account for weather, maintenance is $18000 saving a year.

It’s quite simple when you look at it and explains Ubers investment. Money saved adds up significantly.
 
gaskiller said:
Jaguar did not go down because of Waymo. Waymo only bought 3500 vehicles. Jaguar went belly up because their ICE vehicles couldn’t compete with the German luxury cars.

And ICE cars won’t work for robotaxis! Lucid with superior efficiency makes a lot is sense for robotaxis.

If you even get 10% more efficiency, money saved adds up significantly.

Look at Waymo, 2 million miles per week with just 3000 vehicles.

Just say you can go an extra 30 miles, with the same battery size, Waymo makes $2 per mile average. That’s $60 a day saving for each Lucid.

$60 x 300 to account for weather, maintenance is $18000 saving a year.

It’s quite simple when you look at it and explains Ubers investment. Money saved adds up significantly.
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Man, where can I get a pair of those rose colored glasses?!?!:oops:
 
L-Dude said:
Man, where can I get a pair of those rose colored glasses?!?!:oops:
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Just saying Uber CEO is not stupid…..people always go all negative when stock is crashing. Same thing happened to Palantir, Draftkings- the stock price tanked by shorts, then at some point they reverse. Of course, management has to deliver as well. Just need patience. I have a lot of that. I have a strong feeling Lucid is ready to turn this ship around. New CEO is pivotal! And their sales will recover in Q2. Nuro partnership is progressing well. The sell off is unjustified. They have cash till middle of 2027. By then I expect stock price to recover significantly with midsize coming out and Gravity increasing in sales.
 
hmp10 said:
$5.93 is very expensive for stock in a company that makes cars that most owners and reviewers can't reliably unlock or power up.
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Wasn’t this mostly fixed? Many Gravity owners have been posting in social media that their car software is very reliable after latest update.
 
What does the viability of Lucid have to do with the current price per share or total market valuation? PIF invested in convertible preferred stock, has provided a credit line and other liquidity tools. Price per share of common stock is not a worry for PIF right now. Only the small percentage of customers that are retail (you and I). Management is going to be rewarded on long-term performance - they care what the stock price is years from now, not right now.

They DO need cash flow. They are undoubtedly working hard to reduce the burn rate, but I do not believe Lucid management (or us, for that matter) should care about common stock price.

Viability is going to require continued cash injections from PIF, Uber and other institutions, but issuing new common isn’t going to be the way they raise cash.

Don’t count them out yet - but, if they don’t hit a home run with Cosmos and don’t pick up volume over the next 18 months, the company will indeed be in trouble.

I love capitalism!
 
BS8899 said:
I agree with a lot of the concerns about the financial viability of Lucid. The Uber investment announcement is certainly helpful, but I am skeptical about whether it will make enough of a difference in the end.

As a thought experiment, let's juxtaposes the Lucid-Nuro-Uber deal and the Jaguar-Waymo deal. Waymo became the banner-carrier for self-drive cars, but Jaguar basically is going out of business. Remember, the Jaguar-brand is own by Tata, a major Indian conglomerate with lots of resources and money. In a separate post, I touched upon these comparisons. I won't repeat here. I was surprised to find that the number of iPace utilized by Waymo was/is surprisingly few. Waymo learned a lot from the partnership and will continue to be successful. But Jaguar went down the tube! Sure, the PR and Uber's financial investment are helpful to Lucid, I am not sure there is enough to save Lucid as a long-term viable EV producer unless and until they get their act together. That means making a technically/financially competitive entry into the mid-size EV market.
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I deleted my post cuz this whole thread is just going to be arguing with gaskiller
 
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