They won’t go private for many reasons. It will cost Saudi another 10 billion and Uber taxi won’t take off in US, security concerns being a Saudi company.
You only go bankrupt if you can’t get funding. Lucid has another 1.2 billion they can draw on in addition to the 800 million they took in. If they announce going bankruptcy now, they will have massive shareholder lawsuits.
Not the obvious next step, a possible next step. Lucid can deny bankruptcy because unless something changes its not in the cards. They can't deny going private because they don't know how the Saudi's will proceed. Any speculation by the company could open them up to lawsuits at a later date.
Balls of steel! Take the day trade win
It worked!
Where did you hear they with Europe?!
It's almost like rumors caused the stock to tank and someone (ahem, Claudio Afonso) is likely about to get sued pretty hard for libel, but who knows.
Its good it turned out fake. But going down 55% on a fake news is still Bad, current Lucid position made many believe its true. This proves that Lucid is hanging on a very thin line and there is no more room for mistakes.
I agree. I am not suggesting "this is fine," despite it all being untrue. I am simply suggesting there is no reason to panic. Literally nothing changed today other than a bunch of nonsense and a bunch of people had their adrenaline spiked.
If he did, I sincerely hope he gets sued for all he's worth.
Glad I leased!
Inability to generate a sizable consumer demand?
I can't imagine bankruptcy is coming, but, I would imagine they need a longer time to complete the Cosmos and would have an easier time doing it without shareholder pressure. If I was them I would just sell off the remaining Air and Gravity, finish the Cosmos in KSA factory and be a homegrown brand for that market.
Lucid may not want to deal with Discovery though which would almost certainly be a given if they sued him. Its probably why these trash outlets get away with it because they know companies won't go after them for fear the slightest little thing discovered in the discovery process could make it worse for them.
They were never gonna generate truly sizable demand for a $100k vehicle. That's what $50k Cosmos & Earth are for (if they make it that far and if they get the costs low enough to sell them for that and make a profit... all big IFs).
and take some profits on a couple.