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Possible withdrawals by Gulf investors

Tim-in-CA

Tim-in-CA

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This could be bad for Lucid. Hopefully it won’t come to pass….

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Yes, but one can assume they'll also take a hard look at any money losers on their books right now, and with Lucid in the red billions annually, it's not very well positioned. Prolonged conflict in the region will not be good for this company.
 
I would guess this would take effect by them pulling money out of stock and bond funds. A friend works for a financial company and one of the gulf countries has billions invested with them. It's not great that Lucid is losing money, but it would take a lot of effort to unwind as an investment.
 
Can we just go one day without someone posting a thread that the sky is falling at Lucid. Between the constant posts regarding Saudi funding, Gravity order delays, sales numbers, job cuts, etc., it seems like some people just can’t enjoy their vehicles without posting some panic post.
 
Totally agree with you Kairide!! My Dream Edition is in service right now for the four year annual (nothing to complain about just an annual service). As I've posted before, I've owned many great cars (four Porsches one of which I raced for five years on every track in CA; three Mercedes; a BMW 5 Series Sport; four Lexus; and a few others) but I have to say my Lucid is overall the best car I've ever owned. Sure there have been some software issues early on and a few hardware issues such as frunk latches, but all have been addressed and solved to my satisfaction and in a reasonable amount of time. If there aren't any more OTA updates I would be okay with the car just the way it is.
 
Kairide said:
Can we just go one day without someone posting a thread that the sky is falling at Lucid. Between the constant posts regarding Saudi funding, Gravity order delays, sales numbers, job cuts, etc., it seems like some people just can’t enjoy their vehicles without posting some panic post.
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Amen.

When someone shows up that can predict the future, I hope they post.

Until then, all this tilting at windmills is just Lady Whistledown doing her thing. :)
 
Take Saudi for example, it was an agreement of 1 trillion dollars, Lucid is just a drop in the bucket. Besides, it has the most tie with Saudis national plan.
 
The_Don said:
Yes, but one can assume they'll also take a hard look at any money losers on their books right now, and with Lucid in the red billions annually, it's not very well positioned. Prolonged conflict in the region will not be good for this company.
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Pulling out completely now is not worth it. They want a factory in Saudi to kickstart manufacturing in their country. Why would they stop now? Couple of billion is peanuts for them.

What I presume they are referring to is investments in other American companies - crypto , AI, banks, energy- they are not majority owners in any except Lucid or EA sports.
 
neuneleven said:
Lady Whilstledown....good one. Though she sometimes has some truths;)
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Yup. And so does this forum.

It’s distinguishing between truth and nonsense that is the hard part. :)
 
gaskiller said:
Pulling out completely now is not worth it. They want a factory in Saudi to kickstart manufacturing in their country. Why would they stop now? Couple of billion is peanuts for them.

What I presume they are referring to is investments in other American companies - crypto , AI, banks, energy- they are not majority owners in any except Lucid or EA sports.
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Excatly, IMO most of the requested investment is kinda to fuel the bubble. Lucid is hardly a bubble.
 
I doubt this conflict will hurt Lucid. If anything it will push oil prices higher - it already has. That would mean more revenue for Saudi Arabia, which ultimately strengthens the Public Investment Fund — Lucid’s largest investor.
 
The only way itnsil
agarner said:
I doubt this conflict will hurt Lucid. If anything it will push oil prices higher - it already has. That would mean more revenue for Saudi Arabia, which ultimately strengthens the Public Investment Fund — Lucid’s largest investor.
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Only way it will hurt Lucid is if it wrecks the economy as a whole. I doubt the Saudis have even thought about it. Like how would that go. “Hey the USA attacked Iran!?!”
Saudi PIF: “WAAAA!? That’s it, shut down Lucid!!”
 
agarner said:
I doubt this conflict will hurt Lucid. If anything it will push oil prices higher - it already has. That would mean more revenue for Saudi Arabia, which ultimately strengthens the Public Investment Fund — Lucid’s largest investor.
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and...more ppl likely to switch to an EV 'cause their over the higher prices at the pump!
 
socktucker said:
The only way itnsil

Only way it will hurt Lucid is if it wrecks the economy as a whole. I doubt the Saudis have even thought about it. Like how would that go. “Hey the USA attacked Iran!?!”
Saudi PIF: “WAAAA!? That’s it, shut down Lucid!!”
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Anyone that thinks that PIF would "WAAA" over Iran getting bombed is super ignorant of the disdain between shiites & sunnis
 
socktucker said:
The only way itnsil

Only way it will hurt Lucid is if it wrecks the economy as a whole. I doubt the Saudis have even thought about it. Like how would that go. “Hey the USA attacked Iran!?!”
Saudi PIF: “WAAAA!? That’s it, shut down Lucid!!”
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You know Iran attacked Saudi too....

I am in UAE, life is normal here just some inconvenience such as air travel.
 

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Ktw13 said:
You know Iran attacked Saudi too....

I am in UAE, life is normal here just some inconvenience such as air travel.
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Hope it stays that way! Initial reporting, so read likely filled with errors, is uae joined the not war and blew up Iran desalination plant. I am guessing this is maybe why Iran attacked desalination plant in Bahrain. Regardless of deets, this is going to become grim for everyone in the region, hopefully not the understatement of the year in hindsight.
 
agarner said:
I doubt this conflict will hurt Lucid. If anything it will push oil prices higher - it already has. That would mean more revenue for Saudi Arabia, which ultimately strengthens the Public Investment Fund — Lucid’s largest investor.
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Great for Russia, but you can’t get revs if you can’t ship product, which is the problem for most of the Middle East oil right now because the straight of Hormuz is still closed.
 
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