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PIF grew AuM by 1.3% in 2025 and returns have been 7%pa since 2017. I don‘t think that something to write home about, in particular when you consider their market power. And yes, they ran out of patience with LIV. Doesn‘t mean that they will drop it like LIV. They would hate to forego auto...

You can‘t grow into the cost structure with gross margins negative, not to mention -105% negative. Worth reading the transcript of Q2. And the sheiks are not exactly known for investment acumen. Or patience.

It only takes reading a P&L, CF, and B/S to get to that. Not much.

I think you were misunderstanding me. I am planning to live for a few more years than 3. And I am all but fatalistic regarding life. But Lucid won‘t survive stand-alone, unfortunately.

I will use it for the time left to me up to three years. Odds are I will still be around in three years. Lucid won‘t as they will either get acquired or go bust. No in between. And the likelihood of a strategic buying them is low. And PE won‘t touch it with asbestos gloves.

Lease. Who would want to buy from a company that might not be anymore in 3 yrs?

Can one use the car with just the iPhone now?

What does that mean??

Good morning, I have ordered a Gravity GT scheduled for delivery in Q2 2026. Quick question: is the Mobile Key/keyless entry feature now running reliably for the iPhone or does one still have to carry a fob or card? Thanks, Nico