Musk in the White House

[Batteryman]

With Musk whispering in Trump’s ear, wondering what the implications will be on other EV manufacturers? Lost 7.5k EV credit will also affect Tesla. Would Musk jeopardize this just to troll Rivian and Lucid? He did openly say EV credits are a bad thing after he took billions for Tesla….as slimey as it is.

 

[MacBain00]

I don't believe the EV tax credit affects Tesla as much as other car manufacturers. Telsa's biggest revenue generator is selling carbon tax credits. My assumption will be a repeal of the EV Tax credit while leaving the Carbon Credit intact. Ultimately it could slow Tesla's sales of EVs, but it doesn't hurt them nearly as bad as everyone else. Tesla got everyone onto NACS so whether we like it or not, we're going to use the Tesla eco-system.

 

[tonybot]

I don't believe the EV tax credit affects Tesla as much as other car manufacturers. Telsa's biggest revenue generator is selling carbon tax credits. My assumption will be a repeal of the EV Tax credit while leaving the Carbon Credit intact. Ultimately it could slow Tesla's sales of EVs, but it doesn't hurt them nearly as bad as everyone else. Tesla got everyone onto NACS so whether we like it or not, we're going to use the Tesla eco-system.

Agree. I think you are spot on with regards to what is going to happen with EV credits. It will put even more price pressure on companies like Lucid.

 

[hmp10]

Interesting that Lucid and Rivian are down almost 10% (to their all-time lows) since today's open, and Tesla is up over 13%.

Just sayin' . . . .

 

[sri]

Someone is breaking Lucid really hard not sure if there is something we dont know. Unable to average any more.

 

[Batteryman]

Interesting that Lucid and Rivian are down almost 10% (to their all-time lows) since today's open, and Tesla is up over 13%.

Just sayin' . . . .

Makes sense, but I sure hope Peter starts selling those 10k cars a year he promised Saudi are buying....or makes a partnership as he has been talking about....they need massive forward guidance during earning tomorrow or this will be a $1 stock....pretty disastrous diluting just before the election for shareholders. They could have done this next year....of course Peter doesn't have a say in this.

 

[Batteryman]

Someone is breaking Lucid really hard not sure if there is something we dont know. Unable to average any more.

I just bought some on fidelity...no issues

 

[tonybot]

Wonder what is the risk of PIF taking Lucid private. Especially as the share price start sliding. I was counting on Gravity rollout for a turn around but considering the slow ramp and all the headwinds with EV credit etc, I am worried this or RS could happen soon that will screw the investors royally.

 

[hmp10]

Makes sense, but I sure hope Peter starts selling those 10k cars a year he promised Saudi are buying....or makes a partnership as he has been talking about....they need massive forward guidance during earning tomorrow or this will be a $1 stock....pretty disastrous diluting just before the election for shareholders. They could have done this next year....of course Peter doesn't have a say in this.

At least Lucid may be starting to move in Europe. If Musk turns his new-found gun on Lucid (and his nemesis Rawlinson), maybe Lucid can find some fall back.

Lucid (LCID) is gaining momentum in Europe's largest auto market with its luxury EVs

Home to luxury automakers like Porsche and BWM, Lucid Motors (LCID) is making a name for itself in Germany. Lucid...

electrek.co

 

[hmp10]

Wonder what is the risk of PIF taking Lucid private. Especially as the share price start sliding. I was counting on Gravity rollout for a turn around but considering the slow ramp and all the headwinds with EV credit etc, I am worried this or RS could happen soon that will screw the investors royally.

This is almost like Air Redux. As the Air was launching COVD hit, supply chain disruptions exploded, inflation and interest rates took off, new car sales hit the skids, tax credits shrunk.

Now the Gravity is running into its whole set of headwinds.

 

[Batteryman]

This is almost like Air Redux. As the Air was launching COVD hit, supply chain disruptions exploded, inflation and interest rates took off, new car sales hit the skids, tax credits shrunk.

Now the Gravity is running into its whole set of headwinds.

Investors don't like the SLOW ramp up....get the base Gravity by 1st quarter, not last quarter....I feel Peter is making the same mistakes again. I know he wants perfect quality...but you need to compromise and get vehicles out pronto considering the situation looks very bad for the company. Get sales.....and add more service centers so people will buy. You may have the best SUV but.....

 

[tonybot]

Investors don't like the SLOW ramp up....get the base Gravity by 1st quarter, not last quarter....I feel Peter is making the same mistakes again. I know he wants perfect quality...but you need to compromise and get vehicles out pronto considering the situation looks very bad for the company. Get sales.....and add more service centers so people will buy. You may have the best SUV but.....

I know we all love Peter to death. I watch every interview and every content about him and I think he is amazing. Would Lucid be better off with him being the CTO and hiring a pure business leader as the CEO? Just thinking out loud.

 

[borski]

Interesting that Lucid and Rivian are down almost 10% (to their all-time lows) since today's open, and Tesla is up over 13%.

Just sayin' . . . .

Perhaps, just perhaps, the day after one of the most contentious elections of our lifetime isn’t the day to find any serious meaning in the arbitrary values of various stock prices.

 

[hmp10]

I feel Peter is making the same mistakes again. I know he wants perfect quality...but you need to compromise and get vehicles out pronto considering the situation looks very bad for the company.

I'm no fan of Lucid marketing strategy, but if the Gravity were introduced with the software and hardware glitches that plagued the Air at the outset, Lucid would be dead in the water. I followed Lucid since early days, and the tsunami of press criticism of things such as doors not opening or features malfunctioning was intense -- and lasted long after the problems were addressed. And much of this was from people who otherwise thought the car was the amazing driving machine that it is.

Lucid cannot afford to set that foot wrong again.

 

[borski]

This is almost like Air Redux. As the Air was launching COVD hit, supply chain disruptions exploded, inflation and interest rates took off, new car sales hit the skids, tax credits shrunk.

Now the Gravity is running into its whole set of headwinds.

Except that as good as the Air was, the Gravity is a much better car, and even more refined, and the right size for the market. Not apples and apples.

But you’re right, they can’t seem to catch a break lol

 

[borski]

Investors don't like the SLOW ramp up....get the base Gravity by 1st quarter, not last quarter....I feel Peter is making the same mistakes again. I know he wants perfect quality...but you need to compromise and get vehicles out pronto considering the situation looks very bad for the company. Get sales.....and add more service centers so people will buy. You may have the best SUV but.....

You are veering very fast into “armchair CEO” territory. Without context, it is trivial to say how a company *should* be run; there are no stakes and you can’t be wrong!

 

[borski]

I know we all love Peter to death. I watch every interview and every content about him and I think he is amazing. Would Lucid be better off with him being the CTO and hiring a pure business leader as the CEO? Just thinking out loud.

… because Trump won the election?

Reminder: today is not different from yesterday, except we have a new incoming President.

Lucid, Peter, Gravity, the Earth’s rotational axis and spin … those things haven’t changed. Peter is not suddenly a terrible CEO because *today* the stock tanked. That is a reaction to an event that occurred *yesterday* that has nothing to do with Lucid.

Extrapolating that to “Lucid is effed,” today, is a bridge too far, imho.

 

[Haggy]

With Musk whispering in Trump’s ear, wondering what the implications will be on other EV manufacturers? Lost 7.5k EV credit will also affect Tesla. Would Musk jeopardize this just to troll Rivian and Lucid? He did openly say EV credits are a bad thing after he took billions for Tesla….as slimey as it is.

He did say that, but context matters. He said that EV credits, along with oil industry subsidies, are a bad thing and he'd like to see all of them go away. He'd gladly see EV tax credits go away if oil industry subsidies did, and the result was that people had to pay for gasoline what people do in other places worldwide.

That would include both direct and indirect subsidies, such as allowing companies to drill on federal land for a one dollar payment instead of paying the fair value for the use of the real estate.

 

[tonybot]

… because Trump won the election?

Reminder: today is not different from yesterday, except we have a new incoming President.

Lucid, Peter, Gravity, the Earth’s rotational axis and spin … those things haven’t changed. Peter is not suddenly a terrible CEO because *today* the stock tanked. That is a reaction to an event that occurred *yesterday* that has nothing to do with Lucid.

Extrapolating that to “Lucid is effed,” today, is a bridge too far, imho.

No, not due to Trump victory. I have heard his sentiment from other investors on various forums. I didn’t think much of it back then but then started wondering if at this stage in Lucid’s growth, could they benefit from separate CTO and CEO roles versus combined role. Curious how folks familiar with startups such as yourself see the combined role and when companies typically move away from that model?

 

[Cosmo Cruz]

revenge and retribution