In for a penny…

[liggy]

Doubled down at 2.20

Might be stupid but worst case LCID has got to have some value as a buyout. Fingers crossed!

 

[scal_air]

You’ve got a stronger stomach than I Liggy…

 

[liggy]

You’ve got a stronger stomach than I Liggy…

My little portfolio is a sea of red today so I figured “why not”?

Still a believer in the technology and a Rawlinson fanboi and I’ve spent money in worse ways.

If Gravity gains traction and gives off a halo for the lower cost model - there’s a chance it might work out.

I hope Lucid is aggressively pursuing industry partners. Maybe they can bid on contracts for EV construction like Magna Steyr did with the Boxster?

Honestly have no idea what the plan is but there’s so much potential…

 

[fisheral]

Funny enough, I just sold some of my Lucid stock to offset capital gains.

 

[liggy]

Funny enough, I just sold some of my Lucid stock to offset capital gains.

Yep. Will be drawing down 401k soon so a few losses won’t be so painful.

 

[Batteryman]

My little portfolio is a sea of red today so I figured “why not”?

Still a believer in the technology and a Rawlinson fanboi and I’ve spent money in worse ways.

If Gravity gains traction and gives off a halo for the lower cost model - there’s a chance it might work out.

I hope Lucid is aggressively pursuing industry partners. Maybe they can bid on contracts for EV construction like Magna Steyr did with the Boxster?

Honestly have no idea what the plan is but there’s so much potential…

I’m disappointed no real partnerships yet. Peter keeps talking about it.

 

[MJAir23TheGoat]

Have buy for another 15K shares at $2
It may get filled before long.

 

[tonybot]

Doubled down at 2.20

Might be stupid but worst case LCID has got to have some value as a buyout. Fingers crossed!

Same. That is because I am a fool first and a believer in the Lucid tech. Not a good combination! Will keep averaging down until the bank breaks!

 

[Batteryman]

And that dilution last week was not necessary right now. Spooked Wall Street. They should have waited till next year when Gravity ramps up. But, hey, Saudis get to reduce their cost basis. Now there will be more talk about bankruptcy again. Wish they would just get the base model out by 1st quarter 2025 and increases numbers. Slowly dragging feet to “ improve quality” is not good at all!

 

[liggy]

I’m disappointed no real partnerships yet. Peter keeps talking about it.

I have half a mind to contact them and offer my services as Stategic Alliance Manager.
Had a similar role at my last company and it was a fun gig. Got to forge partnerships with my friends at companies with complementary technologies/therapies.

Have buy for another 15K shares at $2
It may get filled before long.

I have mixed feeling about that $2 price but a pretty good gamble on your part IMO.

Same. That is because I am a fool first and a believer in the Lucid tech. Not a good combination! Will keep averaging down until the bank breaks!

On the same page/escalator, my brother!

And that dilution last week was not necessary right now. Spooked Wall Street. They should have waited till next year when Gravity ramps up. But, hey, Saudis get to reduce their cost basis. Now there will be more talk about bankruptcy again. Wish they would just get the base model out by 1st quarter 2025 and increases numbers. Slowly dragging feet to “ improve quality” is not good at all!

Seemed premature for me too. Might have gotten more value after booking some Gravity orders.
Oh well - we’ll see how this plays out.

 

[sri]

Last quarter before loosing belief on Lucid

 

[Blue Lectroid]

I jumped in with 10k shares earlier this week at $2.52. I like your $2.20 a lot better. This is a "set it and forget it" investment for me. I'll look and see 3-4 years from now. It's either lost $$ or a nice pop...who knows. The tech and Peter are real and being backed by the Saudis means something will happen (IMHO)...of course that something COULD be taking it private and essentially wiping out the common shareholders, but I doubt that due to the caché of being a US-based public company.

 

[Blue Lectroid]

Have buy for another 15K shares at $2
It may get filled before long.

Did you get filled? Multiple trades took place below $2 recently.

 

[Blue Lectroid]

After today’s buy, I will be up to 20k shares…I’ve been using this bouncing around between $2 and $2.15 to average my cost basis down. It’s so much fun catching a falling knife! All kidding aside, I strongly believe there is tremendous under-realized value here. Of course, most of us on this forum would probably agree. Time will tell.

 

[kerplunk]

It certainly feels like EVs in general are going to face headwinds with the changing government messaging on credits and environmental concerns.

I'm @ a ridiculous PPS and would love to average down. But no idea how much of the share price is priced in already.

 

[Batteryman]

It certainly feels like EVs in general are going to face headwinds with the changing government messaging on credits and environmental concerns.

I'm @ a ridiculous PPS and would love to average down. But no idea how much of the share price is priced in already.

The anti EV rhetoric is overblown. Trump won’t do much about the Inflation reduction or chips act. Maybe a little change here or there to look as if he did something, just like his border wall. US manufacturers don’t want him to reduce incentives, most incentives went to swing and red states. He knows taking away this support hands the future to China on a plate.

 

[Blue Lectroid]

I personally think this is a case of “Sell the Rumor, Buy the News” (my own deliberate reversal of the old Wall Street adage). What I mean by this is that there has been so much very vocal anti-EV rhetoric on the part of the incoming administration AND the assumption that any forthcoming policies will at best ONLY benefit Tesla because of Musk’s involvement (collectively the “Rumor”), that this stuff has largely already been baked into the cake.

The markets have already made the assumption that the EV tax credits are 100% gone, that environmental policy will not only shift away from promoting the electrification of our transportation system, but that it also will now in some way actively dissuade people from buying EV’s by miraculously making ICE vehicles more attractive on a comparison basis than they already are in some purchaser’s minds. So, really, what’s left to price in that has not been already — other than individual company performance?

And, with all but one analyst covering LCID rating it a Sell or Hold, unless the Company completely fails to execute, what else to the downside needs to be priced in?

Ultimately, when people start to realize that “Kill the EV” is the same kind of rhetorical hyperbole as “Build the Wall,” and assuming Lucid delivers an excellent product in Gravity, there should be some pretty big “perhaps we overestimated the demise of this sector and LCID, in particular” going on on Wall Street — the “News.”

In short, my overall thesis can be summed up as “it’s always darkest before dawn.” A classic Contrarian play.

 

[Cosmo Cruz]

I know to avoid the Red Lectoids; that you can negotiate with the Black ones ... but the Blue ones ???

I'm stayin' out of the 8th dimension.

 

[Blue Lectroid]

I know to avoid the Red Lectoids; that you can negotiate with the Black ones ... but the Blue ones ???

I'm stayin' out of the 8th dimension.
View attachment 24737

LOL, you got the Buckaroo reference! I named my red 2018 Tesla 3P “Red Lectroid.” Much as I preferred red for my forthcoming Air Pure, I now live on a dirt road and practicality got the better of me and I ordered my car in Fathom Blue…to show lest road dust!!

 

[vav493]

LOL, you got the Buckaroo reference! I named my red 2018 Tesla 3P “Red Lectroid.” Much as I preferred red for my forthcoming Air Pure, I now live on a dirt road and practicality got the better of me and I ordered my car in Fathom Blue…to show lest road dust!!

I’m also curious how the new lithium mine in Arkansas will play out. Someone made an insanely under-the-table joke about whether Arkansas will want to change its tune on EVs and I bursted out laughing because… well you know. Politics aside, if there is truly as much lithium in that mine as preliminarily expected, I just… I’m truly imagining it is definitely going to be a boost factor for EVs (lower production cost -> either higher profit margins or new buyers with lower entry pricing).