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While Alix Partners does financial restructuring consulting, saying that they specialize in bankruptcy is a stretch. And whether or not an action or event is material is defined by the SEC not opinion.

FWIW. A few outlets appear to be offering a similar narrative. https://ng.investing.com/news/stock-market-news/lucid-group-shares-fall-on-report-co-weighing-restructuring-options-93CH-2599317

I think the problem you're going to run into is the shops ability to get Lucid parts. My understanding is that Lucid will only sell parts to their certified shops. This should be a persuasive enough argument with Farmers to have them cover the repair in full. My guess is that your adjuster is...

I canceled my car subscription for this reason. The point of satellite radio is the constant connection to the satellite. Lucid’s internet based subscription is no better than streaming via car play.

You’re thinking of China as it existed a decade ago. The Chinese have been far more aggressive in replacing workers with automated processes commonly known as “dark factories.” They also aren’t burdened by legacy liabilities like pensions and retiree health care. That’s what we’re competing with.

It’s going to depend on the state and parties involved. In AZ, where I live, there’s no sales tax on private party sales. Other states are different. Buyers are also going to consider where you’re located and whether or not they’ll need to transport the car. That could be anywhere from $500...

I think you’re splitting hairs a bit. EV subsidies existed to encourage the adoption of cleaner energy alternatives which have a net benefit to society. No different than subsidies for wind and solar adoption. It extended to cars given their impact. We tariff or subsidize other products...

A GGT with 300 miles sold for $81,500 a week ago. A prior GGT with 3,000 miles had a top bid of $78K but did not sell.

The oil and gas industries receive subsidies for, among other things; Intangible drilling costs Percentage depletion allowance Foreign tax credits The only meaningful difference is that the subsidy benefits an industry vs individual consumers. And EV subsidies were a pittance of what has, and...

A few of these have popped up on Cars and Bids lately. It’s worth checking out. I find that sale prices fall somewhere between retail and Carvana offers. There is however a buyers premium (5%) that has to be taken into account.

The CEO has been on the job for 3 months.

Agreed. Having industry and government resources aligned provides huge advantages. I’m not sure we’re even waiting. We seem to be in full blown denial of what’s happening around us. While China innovates and invests we’re rolling back emission standards and upending the petroleum markets...

That’s a lot of great knowledges and insight. It’s one thing to opine on an industry as an observer and another to have been in the trenches. The words I hear most often around EV adoption from Mary Barra and others is “a question of when, not if.” And the question for GM and others is if...

There are any number of commercial dyes available. Tandy sells quite a few or you could reach out to an upholsterer. https://tandyleather.com

I’m not so sure that what you’re seeing is staining as much as it’s bleaching or chemical damage. Leather is pretty good at repelling most stains. You might need a leather dye to get some of the color back.

I’m not so sure that it was speed that doomed these efforts as much as it was an inability to provide vehicles that the market had interest in. An electric F-150 is a great idea but not if it can’t tow more than 100 miles. The Hummer EV is really cool until you consider that it’s a niche...

Any connected device creates vulnerability. As someone who’s spent a considerable amount of time on cyber security I can tell you that narrowly focusing on the vulnerabilities of cars is futile. It’s the equivalent of double checking the dead bolt on your front door and leaving your garage...

You might want to ditch your Smart TV and every other electronic device in your home for that matter. Our desire to keep Chinese EV’s out of the US has more to do with protecting our auto industry than data privacy. I’m not saying that’s wrong but we should call it what it is. Because if we...

They’re investing in the future, we’re subsidizing the past.

Jim Farley at Ford drove a Xiaomi for six months and didn’t want to give it up. Mary Barra at GM continues to sound the alarm over US manufacturers losing the global EV race to China. So if the CEO’s of our two largest automakers acknowledge this maybe it’s time to rethink our perceptions on...