I agree with you that the upside of the US market is limited. Even outside of the US, hard to see a sizable opportunity.
Based on Lucid's track record, I can't see how they can do ADAS on their own.
Agreed.
Have you ever met Peter? There is ZERO chance he abandoned Lucid. No fucking way!
I disagree on Air 2025 sales. I think there is room to double Air sales in 2025 to 20,000+, even more. Current discounts are plenty, and make Air very competitive in a category of EV luxury sedans dominated by Tesla Model S, especially now with what’s happening with Elon’s involvement in essentially running the government
Exactly.
Precisely. Couldn’t have said it better myself. Decades of intimately seeing boards operate close-up tells me this is what likely happened.
The Bit9 conundrum reminds me of another “reverse acquisition” under the guise of an “direct acquisition”.My suspicion, which is pure speculation, is that the Gravity delay was the final straw, and that he was asked to step into purely a technical role. My guess is he didn’t want to do that, because he sees this as his baby, and rightfully so (from his perspective). He is a CEO who runs in founder-mode, not a professional manager.
It is entirely possible Lucid needs a professional manager right now. It is also entirely possible this is a huge mistake and they scale too early, and lose their technical lead.
Yet another possibility is that he goes and starts something else eventually, and Lucid wants him back, NEXT-Apple style. Unlikely? Dno. Crazier things have happened. Bit9 acquired Carbon Black, renamed it Bit9 Carbon Black then a year later changed the name of the whole company to Carbon Black again, because Bit9 sucks. So who acquired whom?
But what isn’t likely is that he… just gave up suddenly without seeing it through. Zero chance he was like “this Tuesday seems like a good time to retire, why not” lol
Yes. I have met him at the Tyson’s Flagship studio. I’m a big fan of his work and his vision but this definitely seems like a mix of everything together. Lucid has failed consistently with the initial targets and other promises over the years in terms of car launches, scaling, mass production, software updates, features etc. you can discount last year with the 10k sales with super aggressive 1& month leases. This year will be different. They launched gravity in Nov and got maybe 1k orders. For 3 months there is barely any noise on that regarding to the test drives, customer delivery’s etc. A 30 second commercial is not gonna cut it. He knew what’s coming up and also let’s be practical. Current lucid service center delays with a total of 20k lifetime fleet cars are already stressed and overloaded with appointments stretching out 3 weeks plus. Imagine having 50k cars or 100k on the road with a million issues. Anyways - let’s revisit this topic. I believe the stock will dive down to lows we have never seen before and eventually The Saudis may pull the plug or take it private for damage control and prolly selling intellectual property.
Should be more than 50% returns on the lease. I intend to return my lease two months before its expiration in Mid October. Good riddance!
I wonder how low it will have to go and how long until it is delisted… I hope it continues; and goes up. Also I hope the saudis don’t pull the plug;
Let’s see what the next few quarters bring to the table. I’m anticipating maybe 2-3k gravity deliveries this year which will not make a dent to the overall forecast.
@FA14's comments are right on!
@californiaboy935
