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Goldman Sachs Doubles Down on Lucid; Charles Schwab follows - Exciting news for retail investors.

californiaboy935

californiaboy935

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Big moves from Goldman Sachs and Charles Schwab: Goldman Sachs after nearly exiting its Lucid position earlier this year, GS reversed course and added 2.56 million Lucid shares in Q1, This comes from data shared by EV analyst Claudio Afonso, the attached article, and it’s a surprising pivot given Goldman’s prior large scale exit from the stock. While mainstream stock sentiment on LCID has been mixed (to say the least), this accumulation from one of Wall Street’s most powerful players suggests that institutional confidence might be returning or, at the very least, that Goldman sees a value play with asymmetric upside.

Goldman, along with these other large investment banking houses, obviously have the cash to place bets where they see long-term return. Lucid might just be one of those bets. Yes, the EV space is becoming crowded. Yes, Lucid’s Gravity production ramp and cash burn have made headlines (in good and mixed ways). But institutional moves like this aren’t made casually. With the Gravity SUV large-scale production looming, software maturing (hoping for 3.0 UI in Air soon), and potential strategic partnerships on the horizon, perhaps Goldman sees what the retail crowd doesn’t yet.

Further, Charles Schwab doubled down on its stake in the automaker in the third quarter of 2024, from 2.76 million to nearly 5.10 million shares. CS's stake has increased by 29.4% to over 6.59 million shares. (Further, UBS seems to have also acquired a fair amount of shares.)

Curious to hear others’ thoughts. Is this a signal that Wall Street's outlook on Lucid is turning a corner?

Also, this is not investment advice and just a personal opinion of mine.

www.tipranks.com

Goldman nearly doubles Lucid stake, EV reports - TipRanks.com

After almost exiting its position in early 2024, Goldman Sachs (GS) has nearly doubled its stake in Lucid (LCID), adding nearly 2.56M shares between January and Mar...
www.tipranks.com www.tipranks.com
 
californiaboy935 said:
Big moves from Goldman Sachs and Charles Schwab: Goldman Sachs after nearly exiting its Lucid position earlier this year, GS reversed course and added 2.56 million Lucid shares in Q1, This comes from data shared by EV analyst Claudio Afonso, the attached article, and it’s a surprising pivot given Goldman’s prior large scale exit from the stock. While mainstream stock sentiment on LCID has been mixed (to say the least), this accumulation from one of Wall Street’s most powerful players suggests that institutional confidence might be returning or, at the very least, that Goldman sees a value play with asymmetric upside.

Goldman, along with these other large investment banking houses, obviously have the cash to place bets where they see long-term return. Lucid might just be one of those bets. Yes, the EV space is becoming crowded. Yes, Lucid’s Gravity production ramp and cash burn have made headlines (in good and mixed ways). But institutional moves like this aren’t made casually. With the Gravity SUV large-scale production looming, software maturing (hoping for 3.0 UI in Air soon), and potential strategic partnerships on the horizon, perhaps Goldman sees what the retail crowd doesn’t yet.

Further, Charles Schwab doubled down on its stake in the automaker in the third quarter of 2024, from 2.76 million to nearly 5.10 million shares. CS's stake has increased by 29.4% to over 6.59 million shares. (Further, UBS seems to have also acquired a fair amount of shares.)

Curious to hear others’ thoughts. Is this a signal that Wall Street's outlook on Lucid is turning a corner?

Also, this is not investment advice and just a personal opinion of mine.

www.tipranks.com

Goldman nearly doubles Lucid stake, EV reports - TipRanks.com

After almost exiting its position in early 2024, Goldman Sachs (GS) has nearly doubled its stake in Lucid (LCID), adding nearly 2.56M shares between January and Mar...
www.tipranks.com www.tipranks.com
Click to expand...
Interesting news. Thanks for posting.
 
californiaboy935 said:
Big moves from Goldman Sachs and Charles Schwab: Goldman Sachs after nearly exiting its Lucid position earlier this year, GS reversed course and added 2.56 million Lucid shares in Q1, This comes from data shared by EV analyst Claudio Afonso, the attached article, and it’s a surprising pivot given Goldman’s prior large scale exit from the stock. While mainstream stock sentiment on LCID has been mixed (to say the least), this accumulation from one of Wall Street’s most powerful players suggests that institutional confidence might be returning or, at the very least, that Goldman sees a value play with asymmetric upside.

Goldman, along with these other large investment banking houses, obviously have the cash to place bets where they see long-term return. Lucid might just be one of those bets. Yes, the EV space is becoming crowded. Yes, Lucid’s Gravity production ramp and cash burn have made headlines (in good and mixed ways). But institutional moves like this aren’t made casually. With the Gravity SUV large-scale production looming, software maturing (hoping for 3.0 UI in Air soon), and potential strategic partnerships on the horizon, perhaps Goldman sees what the retail crowd doesn’t yet.

Further, Charles Schwab doubled down on its stake in the automaker in the third quarter of 2024, from 2.76 million to nearly 5.10 million shares. CS's stake has increased by 29.4% to over 6.59 million shares. (Further, UBS seems to have also acquired a fair amount of shares.)

Curious to hear others’ thoughts. Is this a signal that Wall Street's outlook on Lucid is turning a corner?

Also, this is not investment advice and just a personal opinion of mine.

www.tipranks.com

Goldman nearly doubles Lucid stake, EV reports - TipRanks.com

After almost exiting its position in early 2024, Goldman Sachs (GS) has nearly doubled its stake in Lucid (LCID), adding nearly 2.56M shares between January and Mar...
www.tipranks.com www.tipranks.com
Click to expand...

EV analyst Claudio Afonso also reported today that

“…UBS disclosed in a new SEC filing it closed the first quarter of the year holding about 57.12 million shares in the EV maker Lucid Motors….”

Prior to their 33m shares purchase in Q1’25, they owned about 24m shares.

“…The purchase allowed it to surpass BlackRock — the world’s largest asset manager — and become Lucid’s second-largest institutional shareholder…

Lucid’s largest institutional investor, Vanguard, added 615,108 shares in the first three months of the year…”
 
I’m just posting off the top of my mind, so apologies if some of it could be answered with a simple Google search. I’m curious to the extent that this is driven by a fall in TSLA. If institutional investors want to remain in the EV space but no longer want to continue along the fall with TSLA, then maybe it’s just dollars chasing other EVs.

All that to say, I do think LCID has solid long-term viability (despite the naysayers and the “cash-burning” antics), but I don’t think that the fundamentals have significantly changed in the last few months so much so that it has “caught” the eye of institutional money. I’d contend they’re still executing on the same strategy they’ve been committed to for quite some time — the only thing being that Peter has stepped down from his role.

Either way, glad to see some dollars going into LCID; a nice reprieve for sure.
 
Neurio said:
I wouldn't put much stock (pun intended) into anything Claudio Alfonso posts. He's the creator of the clickbait website that's been banned from this forum. He's a hack, to be kind.
Click to expand...
Yeah, I've been trying to find the 10k's of the corps.... Busy day so I will try and find them tomorrow. But agreed, sorry for posting a dubious source. My bad.
 
Lucidicrous said:
UBS 13f data is accurate per WhaleWisdom.com
https://whalewisdom.com/filer/ubs-ag
Click to expand...
Fine. But he's still a hack. All he does is mine the Internet to steal info for stories. He's not a real journalist, and his articles are often clickbait rubbish. To call him an 'EV analyst's is insulting to those who actually are.
 
While these are significant positions, the PPS was at all time lows of $2-2.40 so these positions also average down their previous positions. It’s still a good sign and the bet would be for the long term play based on upcoming catalysts that others mentioned above.
 
I ignore Wall Street, never trust any analyst. BOA Adam Jonas gave a $1 price target, along with CFRA Garret Nelson…..they have to strike their own ego, and put out a negative narrative to help their company investments. I know Lucid makes the best EV, and EV is the future….add to that unlimited support from the Kingdom of Saudi Arabia…..it’s a no brainer to invest in Lucid. If I had a dollar for every Tesla fanboys that spreads hate against Lucid, I would be a very rich man! I personally know a few of those fanboys……and man, do I ignore them. I’m buying every paycheck….dont care what anyone else says or does. I know this company will dominate the luxury EV market.
 
^^ have owned both Tesla/Lucid GT. I’ve never once in more than probably 50-60 encounters over the years heard anyone driving a Tesla even mention anything negative about Lucid other than. “ how you like it”
My response is always I like both.
 
Batteryman said:
I ignore Wall Street, never trust any analyst. BOA Adam Jonas gave a $1 price target, along with CFRA Garret Nelson…..they have to strike their own ego, and put out a negative narrative to help their company investments. I know Lucid makes the best EV, and EV is the future….add to that unlimited support from the Kingdom of Saudi Arabia…..it’s a no brainer to invest in Lucid. If I had a dollar for every Tesla fanboys that spreads hate against Lucid, I would be a very rich man! I personally know a few of those fanboys……and man, do I ignore them. I’m buying every paycheck….dont care what anyone else says or does. I know this company will dominate the luxury EV market.
Click to expand...
BOA reduced their call options by 95%- thats why their analyst gave Lucid a $1 price target......never trust anything an analyst says.

Screenshot 2025-05-16 at 6.10.22 PM.webp
 
MJAir23TheGoat said:
^^ have owned both Tesla/Lucid GT. I’ve never once in more than probably 50-60 encounters over the years heard anyone driving a Tesla even mention anything negative about Lucid other than. “ how you like it”
My response is always I like both.
Click to expand...
I've come across many tesla fanboys on social media and personally know one who goes around saying Lucid is going bankrupt. The person I know, made a lot of money on Tesla calls and is spreading negativity about Lucid to many of his contacts. Telling them not to buy a Lucid because company is going bankrupt. He is thinking of buying a cybertruck....that says a lot!

Agree, many Tesla owners don't act as such.
 
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