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Lucid (allegedely) hires AlixPartners as part of restructuring.

socktucker

socktucker

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Silicone Grease It
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Lucid Air
CarBuzz is angling bankruptcy because Alix advised Enron, KMart and GM. However, they also do global strategy, and I'm not 100% on that, especially since Lucid just drew 800 million of their debt option from PIF backed funds last week. I doubt PIF would have let that happen if they knew BK was imminent.

I wondered when they did not replace the COO if they would be doing more in KSA than USA. The new C suite is very global, the Cosmos is supposed to be made in KSA, so it makes sense.

I do not think they are going bankrupt but I do think they are getting their $hit together!

carbuzz.com

Lucid Allegedly Hires Bankruptcy Specialists Amid Complete Leadership Change

As new management arrives in the wake of 2,400 job cuts, the hiring of AlixPartners raises serious questions about Lucid's future.
carbuzz.com carbuzz.com
 
Last edited:
GravitMe said:
I saw this at 5 in the morning and was waiting for somebody to post it and it couldn't have been a better person... Hold on while I go grab some popcorn...
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I got a text message about it 5 mins before he posted it.... I have spent the last 30 mins on CHATGPT trying to prove him wrong.
 
GravitMe said:
I saw this at 5 in the morning and was waiting for somebody to post it and it couldn't have been a better person... Hold on while I go grab some popcorn...
Click to expand...
i watch the stock and that's what popped up, except I disagree with CarBuzz I don't think it means bankruptcy

Furthermore: I did not use the default headline that said bankruptcy, because if you read the article, CarBuzz has no evidence that they are declaring bankruptcy, it was a clickbait headline.
 
socktucker said:
because i DONT think they're going bankrupt?! Why is that a bad attitude? They hired a global turnaround specialist. Their stock didn't even go down.
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now that is funny..... HAHAHAHA I DIDNT EVEN READ YOUR POST.... HAHAHHAA I JUST ASSUMED IT WAS NEGATIVE. BWAAAAHAHAHAHAH!
 
ME RIGHT NOW.... (edit this post remove this post... edit this.... taaaa daaaaa like I never said anything wrong.)
 
Macrocosmcwh said:
ME RIGHT NOW.... (edit this post remove this post... edit this.... taaaa daaaaa like I never said anything wrong.)
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I am the reason that you can edit after 45 minutes instead of the original 10. Back when @borski was "funemployed" he would spend all day on here fact checking me and I wasn't fast enough
 
Something’s had to give at Lucid after the Gravity launch was such a mess and sales haven’t radically changed their direction. Now is much better than next summer. The runway isn’t long, but they still have runway. As a previous owner of doomed car brands (Saab, I loved you), this doesn’t feel like that; yet. It feels a lot more proactive.
 
petergottlieb said:
Something’s had to give at Lucid after the Gravity launch was such a mess and sales haven’t radically changed their direction. Now is much better than next summer. The runway isn’t long, but they still have runway. As a previous owner of doomed car brands (Saab, I loved you), this doesn’t feel like that; yet. It feels a lot more proactive.
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I sold it last year, after 15 years of ownership and replaced it with AGT.
 

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