It will be positive for the shareholders long term with a short term hit on the stock. What's worse? That would be no viable options for capital raise and bankruptcy.
Not sure and I have no financial knowledge, I just average down LCID
I don't think the Saudis celebrate christmas bro
He meant Eid hhh
The outflow continues; they withdrew another $400 million. The company is still losing substantial funds. A GT with seven seats costs just over $4,000 more than a Model YL with promotions, yet buyers remain absent. Lucid must wake up, roll up its sleeves, fix the software, and deliver the advertised vehicle. It is highly likely this is not Lucid’s DNA—claiming software is irrelevant while calling the cars well-engineered—but buyers ask one question: will it unlock 100%?Mid 3's now.
Lucid will keep repeating that its cars are great, fast, and sleek, and so on.
This is not a loss; it is disastrous, falling from $10 to 35 cents and reaching $60 at its peak. It serves as a prime example of a company with a strong product and poor management.
It’s really the only reason I sold my Lucid, loss of faith in where the company was going. I remember well all the posts that said, ‘just wait for the SUV, things will turn around’. Well that ship has sailed. Now it’s ’just wait for the midsize, things will turn around’. It’s amazing how many people still haven’t heard of Lucid.
Ok AI messed it
, i mean there behavior of delays in software.
Yes, as of today they delivered 0 things on time promised and keep ignoring on many other they are supposed to deliver.It’s really the only reason I sold my Lucid, loss of faith in where the company was going. I remember well all the posts that said, ‘just wait for the SUV, things will turn around’. Well that ship has sailed. Now it’s ’just wait for the midsize, things will turn around’. I hope they survive, but I’ve had strong doubts for some time now.
The $60 peak high was a joke, not reality of where the company was. EV stocks were meme stocks at the time. Realistically, if all went reasonably better, this would have been valued at 10 billion today. That’s 1/2 Rivian, mainly due to a lower capital raise at IPO. People saying it dropped from $600 to $3.5 are not realizing the fundamentals.
The fundamental objective for any car company is to sell profitable cars at volume. After 5 years on the market Lucid is no closer to achieving that goal than when they started. The market has recognized that and the stock is priced as such. And declining production of Air and Gravity with an uncertain launch of Cosmos does not bode well for the future.
Came faster than I expected, time to take a nibble. If it falls to $3, taking a very big bite.Mid 3's now.
Yet there is influencer saying a 5 seats GT cost double model YL.The outflow continues; they withdrew another $400 million. The company is still losing substantial funds. A GT with seven seats costs just over $4,000 more than a Model YL with promotions, yet buyers remain absent. Lucid must wake up, roll up its sleeves, fix the software, and deliver the advertised vehicle. It is highly likely this is not Lucid’s DNA—claiming software is irrelevant while calling the cars well-engineered—but buyers ask one question: will it unlock 100%?
It does on paper. It's the current subsidized incentives that bring the prices closer
Marketing is a joke! Hardly anyone heard of the Lucid Air and it’s been out 5 years…..
