LCID stock
- Thread starter noobzilla
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I saw somewhere that July new car registrations dropped from the previous months. No clue how accurate that is. But with the new incentives in August and September, I'm guessing/hoping the numbers went back up a bunch. Gravity and the lower cost car/SUV need to arrive ASAP to help with numbers. I don't ever expect Lucid to reach anything near Tesla numbers because that's not their goal, but hopefully they can take a chunk out of the BMW/MB/Audi numbers.
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That was false article by WSJ, or so say Elon Musk...
Lucid Motors, backed by the Public Investment Fund, is delivering its first factory outside the US, which will make up half of the Kingdom’s plan to produce 300,000 vehicles annually by 2030.
The megacity has a ready-built residential infrastructure for the future employees of Lucid Motors, which includes schools and recreational and entertainment avenues.
PIF-backed Lucid Motors gets permit to operate manufacturing unit in KAEC
RIYADH: In a significant move toward economic diversification and revolutionizing the national transportation landscape, the Economic Cities and Special Zones Authority has granted Lucid Motors a permit to operate a manufacturing unit in King Abdullah Economic City. A ceremony was organized at...
www.arabnews.com
Lucid and CEER, everything else is not that important to Saudi's
xponents
Active Member
I did not know it would be a megacity. It seems that the Saudis are doing legitimate attempts to improve.Lucid Motors, backed by the Public Investment Fund, is delivering its first factory outside the US, which will make up half of the Kingdom’s plan to produce 300,000 vehicles annually by 2030.
The megacity has a ready-built residential infrastructure for the future employees of Lucid Motors, which includes schools and recreational and entertainment avenues.
PIF-backed Lucid Motors gets permit to operate manufacturing unit in KAEC
RIYADH: In a significant move toward economic diversification and revolutionizing the national transportation landscape, the Economic Cities and Special Zones Authority has granted Lucid Motors a permit to operate a manufacturing unit in King Abdullah Economic City. A ceremony was organized at...
Lucid and CEER, everything else is not that important to Saudi's
That's good. Lucid is here for the long haul thebLucid Motors, backed by the Public Investment Fund, is delivering its first factory outside the US, which will make up half of the Kingdom’s plan to produce 300,000 vehicles annually by 2030.
The megacity has a ready-built residential infrastructure for the future employees of Lucid Motors, which includes schools and recreational and entertainment avenues.
PIF-backed Lucid Motors gets permit to operate manufacturing unit in KAEC
RIYADH: In a significant move toward economic diversification and revolutionizing the national transportation landscape, the Economic Cities and Special Zones Authority has granted Lucid Motors a permit to operate a manufacturing unit in King Abdullah Economic City. A ceremony was organized at...
Lucid and CEER, everything else is not that important to Saudi's
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I read somewhere that Lucid only had about 500 new car registrations per month for the first 7 months of this year. They had slipped to 18th in EV sales. I think this is a combo of factors, the economy has soured a bit, the high end EV market is saturated, Lucid hasn’t really ramped up euro and far east deliveries , the Gravity which would compete in the popular SUV niche is still months away and Tesla has drastically lowered the price of Lucids main competition with the model S. Oh and the general public still has no idea who lucid is. My wife plays the stock market quite a bit( has a managing brokers license) wants to dump our lucid stock as a write off at the end of the year despite my protestations that Lucid will turn around in the next 6 months with the launch of the gravity and other markets opening up. Any thoughts?
Worst time to sell, you should have done that a year ago. Why sell at/near the bottom? Going forward you have Saudi Gov sales ( 10k a year ), Saudi exports to other countries, Gravity is just a year away, Feds will start cutting intererst rates next year, another licensing deal for a small car, Q2 did not include exports, Aug/Sept sales rose significantly....Lucid is a long game. I live in Phoenix and most people haven't heard of it. Once word gets out more, and economy improves, you will see nore sales. Its the best EV and the best looking one out there period! I'm just holding my stock a decade at least.
I suspect base Gravity will start at 79k to get the tax incentive. Air will drop in price again in 2025.
To add to this, with Pure RWD due to go into production this month (as stated in the last earnings call) I would think that sales will increase further. That in turn should increase awareness of the company.
And Sapphire too, but I think Pure RWD is more important.
I actually bought a significant amount in the 5's to average down. I feel its an opportunity not to be missed. Ignore the youtubers, motleyfools and investorplace posters- they are clueless amateurs catering to Lucid haters ( the competition starting with the letter T)...they need views so spread garbage on Lucid.
The Mercedes EQS AMG sedan starts at 145k, only puts out 650hp and range is only 277 miles.
My Lucid Touring costs 40k less, 620hp, 425 mile range.
Lucid GT- 819 hp and 469 miles for 137k.
Lucid tech is out of this world, better than even Tesla. Mercedes is 5 years behind at least. Makes sense why Aston Martin went with Lucid and dumped Mercedes for EV tech.
So I decided to by more Lucid stock, not sell and take losses.
NoseyReporter
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Right there with you. I've been accumulating since July. I thought I was the only village idiot.
Possible idiot here too. Bought more today.
NoseyReporter
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What do you call a group of idiots?
xponents
Active Member
Idiots maybe.. plural form?
DBV
Active Member
Can’t see Saudi’s buying that many. US market is so much larger and Lucid has to be a force here to remain competitive.
DBV
Active Member
Nice!
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