Lucid (LCID) removed from the Nasdaq 100 stock index

[Genghis]

I would love to see a mini short squeeze to $7-$8. Lots of short positions that at $5 or below would be a massive hit, and those who took the risk at $3 or below, would get 100% gain to reduce some position for the long hold

 

[xponents]

I think the last few messages should be put in the members only section, as things could go horribly wrong if the press quotes us again.

 

[idiot900]

I've been speculating recently on this forum that Lucid has received a guarantee from the Saudi PIF for continued funding. In my view, the four-fold expansion of manufacturing capacity in Case Grande and Rawlinson's recent stepping out of the closet to declare publicly that Lucid is going to compete directly with Tesla Models 3 and Y could only be explained in light of such a guarantee.

The Saudis have a goal to be making 500,000 EVs a year by 2030. This would not be possible unless the engineering and design efforts were already well along . . . and this is where Lucid comes into view with the Saudi decision in 2018 to get it off the ground by financing their first factory.

If the Saudis can finance a 110-mile-long city in the desert, surely they can write much smaller checks to keep their (and my) EV dreams afloat. I like to tell friends that they spent hundreds of thousands of dollars so I could have my car

 

[Volund]

Just to throw this out there, but assuming LCID will behave similarly to TSLA...
TSLA didn't turn a profit for its vehicles until 2021 and even model 3 was released far before that date.
So it would take at least 5-10 years for Lucid to be in a similar position, creating vehicles that are turning profit, and then a cheaper model that more people can afford in mass production.

So both of these things have to be true, looking at the 10Q gives a rough idea behind it. But this is definitely a long term hold.