Some Lucid facts and predictions:
1) they were supposed to deliver 520 dreams in q4. As of today, that still hasnt happened…we are in q2
2) They lowered their 20k 2022 delivery number from 20k down to 12k-14k. That number will ultimately be at least cut in half, in my view
3) GT demand isn’t there. Its too expensive. They are offering discounts if you try to cancel and increasing tv advertising
4) Their software remains slow. Takes 30 secs to boot up the car, 10 secs for NAV to load, etc
5) Cruise control stinks and wont even keep you in the lane. Multiple software bugs still need fixing
6) They need to raise more capital