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Target $0

tmichael said:
Well, one reason is because it is down down 80% from its 52 week high.

... but, I bought to dollar-cost-average down.
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I also DCA, buying some every two weeks. I went in hard on Rivian and took a bath. Never again.
 
DeaneG said:
We're loving our Gravity more and more each day. I frankly didn't expect it to enjoy it so much.
It makes me confident in Lucid no matter what the internet armchair pundits say.
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I feel the same! Other than my app still not working (Costa Mesa service center is handling this 🤞) we have absolutely loved it. No key fob issues, door handle issues, window issues etc etc. See where I am at in a year or two.
 
Need4Sleep said:
And Kia/Hyundai have been how many years "late" compared to Tesla.
Volvo's EX60 and BMW's Neue Klasse have been how man years "late" compared to Tesla and the Kia/Hyundai group.
BYD and other Chinese have been how many years "late" to Tesla

And yet all of the brands mentioned above have been making a killing.

So relax. People can convert from different brands. People can wrap up a lease and decide to try a different company altogether. People can convert even from premium brands if the offering is convincing enough. (E.g. Kia EV9 got buyers coming from Range Rover),
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Precisely. People seem to be unable to see past “right now” and realize that there is both a “past” and a “future,” and that car companies are (in the long run) measured by long-term sales, not short-term launches.

Given historical context, Lucid is not late to much.
 
L-Dude said:
I still don't understand why anyone is buying more LCID right now when there are so many other stocks that are appreciating significantly AND paying nice dividends.
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Because gambling is fun. (And DCA)
 
BS8899 said:
Hyundai is a HIGE industrial giant in Korea. So is Volvo. So is BYD. They can afford to be late and capture the market. When they enter a market, they have both the financial and technological wherewithal to power through it. At its current standing, Lucid is a one-tune act!

I am NOT saying Lucid has to enter the mid-size market at all. Perhaps they can enter late, say 5 years late, and deliver a humdinger mid-size that blows everyone's socks off.

But that's NOT want Lucid is saying. They are on record to introduce a mid-size EV SOON to compete. My point is, does the rhetoric match the reality? Disappointment = expectations not met!.
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The Saudi PIF has quite large coffers and is fully capable of providing Lucid significant runway to meet their goals.

Will they? I don’t know. But I see no reason why they’d stop now.

Lucid has plenty of time. They need to get it right, not just “get it out”
 
BS8899 said:
Lucid's challenge is not lacking money and PIF backing. Lucid has the powertrain and packaging talents. Lucid's problem is execution and scale. People are taking PIF Money = Guarantee Success and Scale. I wouldn't bet on that!
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Nobody is betting on that. People are betting that the PIF provides runway for Lucid to get it right.

There are very few guarantees in life, and that Lucid will get it right is certainly not one of them.
 
Patience is a virtue.

Tesla stock was $1.99 when they released the Model S to great fanfare, but by 2015 it was the best selling EV in the world.

I know people are going to argue they were fighting an uphill battle in a new marketplace, but it takes time.
 
borski said:
Nobody is betting on that. People are betting that the PIF provides runway for Lucid to get it right.

There are very few guarantees in life, and that Lucid will get it right is certainly not one of them.
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Success in life is fueled by dedication and executing what your promised. At the end of the days, it is not what your promised. It is what you actually delivered!

Lucid has all the talents and potentials. They will only succeed when they deliver, over and over again!
 
BS8899 said:
Success in life is fueled by dedication and executing what your promised. At the end of the days, it is not what your promised. It is what you actually delivered!

Lucid has all the talents and potentials. They will only succeed when they deliver, over and over again!
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On this, we are in total agreement.
 
L-Dude said:
I still don't understand why anyone is buying more LCID right now when there are so many other stocks that are appreciating significantly AND paying nice dividends.
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The stock is ridiculously cheap. If you believe they're going to make it and be a name in the EV space you're getting in at dirt cheap prices.
 
dgib85 said:
The stock is ridiculously cheap. If you believe they're going to make it and be a name in the EV space you're getting in at dirt cheap prices.
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The only reason I can see people wanting to wait is to see if it closes below $5 and triggers a RSS to keep from being knocked off the nasdaq. Silvio just stepped in, so gonna give him a bit of runway here to right the ship.
 
gaskiller said:
US will be last quarter of 2027…I’m guessing. Whatever they build in Saudi will be scooped up by Saudi Gov to fulfill their 100k buy commitments
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If that's the case I think its good. First few batches ought to have some minor issues, better Saudi Gov than click bait Youtuber.
 
Pragmatic said:
They have said SA assembled Cosmos will use Chinese batteries
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May I know the source of this information? I follow the company closely but missed that comment.
 
For what it's worth, RIvian is down 9% this morning with the R2 being opened for ordering, and dozens of highly positive reviews just released.
This means nothing.
 
Lucid is a joke. This seems a deliberate sabotage of investors. This is not the company what they said they were.
 
sri said:
Lucid is a joke. This seems a deliberate sabotage of investors. This is not the company what they said they were.
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Or it’s a business decision or a personal decision. I’m not happy about it but Lucid is no more a “joke” because of it than before.
 
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