Thanks for sharing. Sure hope you are right. The fine print notes the Lucid number is an estimate by Lucid. Given Lucid's history on estimation of sales, I am not putting too much faith in this number. Rollinson need to establish bettery credibility in regards to sales projections in my books. He is producing remarkable products but I fear that sales will not be increasing sigjificantly until the credit rates drop, the Gravity comes out and Lucid starts producing less expensive EVs...2027?
Actual, the way the fine print is worded, the number is an estimate of February's sales as put out by Lucid. It is not an actual sales number. Most of the other manufactures put out their actual sailes number. My point was that Rallinson has yet to hit a sales or production projection and has had to significantly decrease his forecasts. Thus, I am not sure how close this estimate for February is as compared to the actual number. I do wish him well as I love my Lucid and when compared to the other vehicles in this market section, it is far superior. However, the higher priced luxury market is (and has been) depressed ever since the increase rates has gone through the roof. It is my belief that Lucid's sale numbers will not see a significant growth until: 1) the interest rates drop, 2) the Gravity come out, and 3) a lower price Lucid is produced so the mainstream market can afford a Lucid. Just my view...
They probably want to get rid of inventory cars, get more cars on the roads asap, crush all the talk about going insolvent- they have a few thousand cars lying around, get those into customers hands at any cost this quarter.
Short term sales is what they need…
I'm 99 percent confident most car companies do that for sales, so yes (if they didn't, Mercedes sales would probably total about 27 without all the white with beige interior GLA's being leased
) . I assumed that the lease rates being low was a purposeful short term decision to tide us over until Gravity, which should bring more sales and not need lease boosting (what I mean by that is, lucid could be doing these aggressive leases to get higher sales numbers in the meantime to satisfy other short term doom and gloom investors). Or at least that's the only plausible reason I could think of, and is the same reason behind the regular cash/finance discounts?Can't believe I'm saying this, but thank goodness! I'm selling some other stocks and putting another buy-limit Lucid order in at 2.50... I'm in it for the long term. Lucid is dirt cheap right now considering all the future potential it has and I cannot believe others (No Joke! Holding Lucid Stock Could Make You Broke...) aren't catching on to this.
Yes, trying to time the bottom doesn’t work most of the time. If you have high convection, just buy at these low levels.
Depends on stock price I guess. If sales improve considerably, Gravity release, new partnership maybe, midsize reveal, Feds cutting rates can bump up stock value significantly, suspect dilution or maybe more debt taken on after all these events. If stock goes to 5-6, might come back down to 3-4. Or if they dilute at 4, it goes to 2. Who knows?
Ev's InsideEVs Global just came out with January 2024 EV registrations. Lucid had 357 EVs. SUre hope they can ramp up their sales this year. Here is the link to the article.
Perfectly summarized.
