I ordered my order AGT in 10/1/2021, then start accumulating. Profit taking some at $55. with various DCA at $26.
Am I worried?! No. In fact I accumulated more at $18 after I got the car recently. The market has NASDAQ & SP500 punished. And it’s not over bc of interest rate hike still has more to go and quantative tightening to combat high inflation. Recession is for certain bc Fed’s policy to tighten balance sheet of decades long pumping money supply. It’s not Lucid’s fault of overall market. Tesla had early days struggle as well, but it’s a long journey. I plan to hold my core position for 5+ years or at least Gravity and another model comes out at reduced operation cost from critical mass. I believe this company’s strategic vision, it’s very close to Tesla’s blueprint, go for high-end and prestige then mass production on affordable grades. I don’t think this company can be the hype of Tesla killer, Tesla has market pioneer advantage over everyone’s late adoption. But because Lucid has engineering efficiency, attractive design, it will be a premier brand.
To me LCID is on sale. I have orders at $15 and $12 if it ever dip that low. I want to see more law firms to file lawsuits to fish for disgruntled investors, so I can get more at bigger discount. “Whenever there is crisis, there is opportunity.” —- Chinese proverb.
You can swim at your own risk when investing. But I think this is a darn great product!