In for a penny…

[liggy]

This was nice news to wake up to.

Why Lucid's Stock Is Defying Gravity Again | The Motley Fool

www.fool.com

Per The Motley Fool:


Shares of Lucid Group (LCID 11.73%) were trading sharply higher on Monday, just days after the company began production of its long-awaited second luxury electric vehicle.

As of 1 p.m. ET, Lucid's shares were up about 13.1% from Friday's closing price.

Are investors liking EV stocks again?​

Shares of many companies in the electric vehicle space were trading higher on Monday as investors' concerns about the incoming Trump administration's plans to cut EV tax credits seemed to recede.

It's worth noting that those concerns were always overblown with Lucid. For the most part, the company's luxury models are too expensive to be eligible for existing EV buyer tax credits. And as CEO Peter Rawlinson pointed out last month, the typical Lucid buyer's income is too high to qualify anyway.

Gravity is giving Lucid a boost today​

More positively for Lucid itself, Rawlinson confirmed late last week that production of Lucid's second model, the big Gravity luxury SUV, has begun on schedule.

 

[Blue Lectroid]

It was even nicer when it hit $2.70 briefly mid-morning...that said, it's a long term investment, right?

 

[liggy]

It was even nicer when it hit $2.70 briefly mid-morning...that said, it's a long term investment, right?

Oh yeah - I'm not a flipper. Still bullish long term on Lucid. As a geek I love the tech and believe that there's a lot of value in the Lucid tech that transcends the Air / Gravity sales.

I just wish they'd get to work on forging those partnerships and creating revenue streams beyond just moving cars.

 

[Blue Lectroid]

I actually really like the Company's pacing. I get the sense that they are working on a lot of things and have an excellent long term plan. It's refreshing to me to see a modern-day American company with strong, long-term minded financial backing that is doing the basic blocking and tackling of building a real company rather than hyping their stock. Deliver an excellent product with Gravity, continue to refine Air, move on to the Mid-size platform, deliver excellence there...

As long as they execute well they will create tremendous long-term value. So many companies flame out by chasing Wall Street's absurd short term, quarterly earnings focus. Think about how the Japanese became so dominant in the 60's and 70's...just one foot in front of the other with a very long term focus. I believe / hope that's what is at play here...

 

[EXOTIC2]

LCID heading and TSLA nearing all-time highs. Great news for both.