Q2 2022

[Ksa23]

They revised the numbers from 25K down to 12K knowing the impact COVID had. Now they’ve revised again using the same excuse. There’s more to this than just supply/logistics issues and it comes down to a management issue as well.

There is no playbook when determining how a pandemic will affect any company.

COVID had a resurgence in these last few months, causing new lockdowns, new uncertainty. I could go on, but there really is no point and everything is just a conspiracy and vague "mismanagement" apparently anyway.

Bummer of an update but not unexpected.

 

[Sam6062]

I doubt 6k vehicles is possible by end of the year.

I agree but you never know. Maybe my 17.50 and 18.50 PUTS Will print but Calls go bye bye. Glad I sold another 1K at 20.50 right before the close. May be nothing in the long run but I have better options for now.

Check out MOHO and not sure if you caught HKD If you love stocks.

Wonder if lack of deliveries just made our Cars more valuable

 

[Drendino]

Let’s have a Lucid Owner’s Zoom call during the earnings call. Every time they say “supply chain” take a drink. Belly shots if they say “Covid-19” in the following sentence!

 

[Ksa23]

that Covid fraud didn’t hurt Tesla

You want to compare Tesla, with deep roots and established production around the globe to baby Lucid? Go right ahead!

 

[tkhan456]

that Covid fraud didn’t hurt Tesla

it has. they have a huge wait to deliver cars now. they're still pumping them out yes, but theyve also had 10+years

 

[Sam6062]

There is no playbook when determining how a pandemic will affect any company.

COVID had a resurgence in these last few months, causing new lockdowns, new uncertainty. I could go on, but there really is no point and everything is just a conspiracy and vague "mismanagement" apparently anyway.

Bummer of an update but not unexpected.

They lied the. And they are lying now. Rawlinson is not in charge. COVID is a great excuse.

Hardly anyone in the Country is wearing a Mask so WHAT COVID.

 

[LCIDdreams]

that Covid fraud didn’t hurt Tesla

It definitely did. Last quarter they essentially lost a full month of production from their China factory due to a mandated shutdown. That’s about 90,000 cars lost Q2 deliveries.

 

[HC_79]

You want to compare Tesla, with deep roots and established production around the globe to baby Lucid? Go right ahead!

compare them to Rivian who seems to be holding firm on its revised forecast for the year.

 

[LCIDdreams]

Let’s have a Lucid Owner’s Zoom call during the earnings call. Every time they say “supply chain” take a drink. Belly shots if they say “Covid-19” in the following sentence!

Watching the after hours action I’m hoping it get said a lot!

 

[hydbob]

that Covid fraud didn’t hurt Tesla

You mean like shutting down their Shanghai factory for 2 months straight?

 

[HC_79]

I wonder how much of those 7000 additional pre-orders were before the price hike. Would be interesting to see if it’s natural momentum or a result of everyone trying to lock in before the increase

If the reservation numbers are tapering off after the price hike then they’re pumping money into building this massive factory for nothing as they’re nowhere near the 90K+ capacity that factory will bring when that phase is completed.

 

[Constitution1st]

It definitely did. Last quarter they essentially lost a full month of production from their China factory due to a mandated shutdown. That’s about 90,000 cars lost Q2 deliveries.

no logical person believes any news from China. TSLA stock is not down

 

[Yugi]

compare them to Rivian who seems to be holding firm on its revised forecast for the year.

Yes Rivian is a good comparison. Hopefully they can learn something from them.

 

[Ksa23]

compare them to Rivian who seems to be holding firm on its revised forecast for the year.

I wouldnt compare Rivian to Lucid. They producing vehicles of different class and price point by a long shot. They have 3x the employee count, and 3x the cash on hand.

 

[joec]

no logical person believes any news from China. TSLA stock is not down

TSLA was at 1200 in January. It's at 922 now.

 

[HC_79]

I wouldnt compare Rivian to Lucid. They producing vehicles of different class and price point by a long shot. They have 3x the employee count, and 3x the cash on hand.

Rivian has a lot more reliance on external suppliers than Lucid does. Rivian should be more supply chain constrained than Lucid so if they can deliver 25K cars this year then someone has managed production and logistics way better.

 

[Constitution1st]

You mean like shutting down their Shanghai factory for 2 months straight?

Keep paying attention to that China intel. TSLA 922 today. when everyone else was crying Covid and chip shortage, Musk was leaving communist CA to focus on 24 hour production in Texas. Weird, purported chip shortage didn’t hurt TSLA either. With Musk FU money, he could easily smuggle out enough chips from Taiwan to keep on building.

 

[borski]

that Covid fraud didn’t hurt Tesla

Dno, according Elon Tesla is almost bankrupt

 

[borski]

Keep paying attention to that China intel. TSLA 922 today. when everyone else was crying Covid and chip shortage, Musk was leaving communist CA to focus on 24 hour production in Texas. Weird, purported chip shortage didn’t hurt TSLA either. With Musk FU money, he could easily smuggle out enough chips from Taiwan to keep on building.

Okay. And I have a bridge to sell you in Alaska.

 

[Constitution1st]

TSLA was at 1200 in January. It's at 922 now.

Proportionate to the over valued SPX at that time in Jan. also. Look at the casino last week. I didn’t see LCID move up proportionately last week or anytime since they dropped below the Mendoza 20 line