Raging BUY at $2.26?

You make a strong case. I do worry a bit, however. Keeping the spark of top-tier engineering focus alive in the day-to-day press of managing costs and other business dimensions is a very difficult act to pull off.

Every one of the Detroit Big Three lost its way when finance people moved into the corner offices. Cadillac, for example, went from being one of the premiere technology innovators in the industry to being the running joke that produced the Cimarron. Pontiac, once the sporting division of GM, became known as the plastic-body-cladding division. Chrysler became a vinyl and velour emporium with risible product quality that still plagues it today. The Ford Mustang went from prancing pony to wallowing pig and excrescences such as the 4-banger turbocharged Thunderbird raised their ugly heads.

GE, at first supercharged when Jack Welch took the stage with innovative thinking about organization dynamics and product research-and-development, evolved in his later tenure into a finance engine and cost-cutting house. The executives he groomed near the end of his tenure as potential successors earned their place on the roster largely by their effectiveness at cost cutting -- and all went on to flop. Jeff Immelt, who won the race to take over GE, instituted cost-cutting at GE Medical that looked great for a few years but spawned quality issues that eventually opened the door for Siemens to replace it as the preferred imaging equipment supplier to the global medical community. And we all know where GE is now -- what there is left of it, anyway. Bob Nardelli, who slashed and burned his way through GE Power Systems but lost the CEO race to Immelt, moved on to Home Depot where his cost-cutting efforts cost them market share and him his job in fairly short order. Jim McNerney, another CEO finalist and management efficiency guru went on to lackluster tenures at 3M and Boeing. And Dave Calhoun -- who might have won the CEO race at GE had he stayed until the end -- is now infamous as the cost-slasher and stock price pumper who brought once-mighty Boeing to its knees.

In a world where investors want engineering-intensive and heavy-industry concerns such as automakers to dance, pop, and sparkle in the marketplace like digital tech firms, keeping engineering at the forefront is all too often a doomed effort.

So . . . I worry that Rawlinson's departure from Lucid barely two products in, while perhaps eventually becoming advisable, might have come too soon.
Lucid is barely surviving, if they continue without drastically improving sales, they wont even exist.....no point having the best product is most people dont even know it exists or how good the vehicles are.
 
Lucid is barely surviving, if they continue without drastically improving sales, they wont even exist.....no point having the best product is most people dont even know it exists or how good the vehicles are.

As the lives of corporation go, this is still early days for Lucid. I really don't think we'll have a clearer perspective on this until we see how Gravity sales go. I was heartened by the earnings call report that Gravity orders have exceeded expectation.

I had already done some digging myself on Air sales and come up with data similar to what was conveyed in the earnings call: the Air is outselling any other luxury EV sedan and is the third best seller of all large luxury sedans, including ICE cars. I'm increasingly of the view that Lucid's low sales right now are largely a function of the small market segment it's in, not of the car itself or even what I have long thought were their lackluster marketing efforts.

As alarming as Lucid financials look on first encounter, it must be remembered that they have built huge facilities here and in Saudi Arabia in anticipation of future needs -- something the PIF has continued to fund in full knowledge of sales numbers.

My own view is that, as long as the PIF continues to give Lucid sufficient financial support, things will begin to turn upward in the next two years and then quickly accelerate as Lucid amortizes its start-up costs into a growing sales base. It took massive amounts of capital for Lucid to engineer a car from the ground up, to build the factory in which to build it, and to set up the service network to maintain it. No one should have any expectation that barely three years of sales from an unknown brand should come anywhere near covering those costs plus the ongoing development of future models.

Now this might not be great news for shareholders, as the PIF support will probably come at the price of further stock dilution, but it would auger well for Lucid's ability to keep making the exceptional EVs we want from them and are not finding from other manufacturers.
 
You make a strong case. I do worry a bit, however. Keeping the spark of top-tier engineering focus alive in the day-to-day press of managing costs and other business dimensions is a very difficult act to pull off.

Every one of the Detroit Big Three lost its way when finance people moved into the corner offices. Cadillac, for example, went from being one of the premiere technology innovators in the industry to being the running joke that produced the Cimarron. Pontiac, once the sporting division of GM, became known as the plastic-body-cladding division. Chrysler became a vinyl and velour emporium with risible product quality that still plagues it today. The Ford Mustang went from prancing pony to wallowing pig and excrescences such as the 4-banger turbocharged Thunderbird raised their ugly heads.

GE, at first supercharged when Jack Welch took the stage with innovative thinking about organization dynamics and product research-and-development, evolved in his later tenure into a finance engine and cost-cutting house. The executives he groomed near the end of his tenure as potential successors earned their place on the roster largely by their effectiveness at cost cutting -- and all went on to flop. Jeff Immelt, who won the race to take over GE, instituted cost-cutting at GE Medical that looked great for a few years but spawned quality issues that eventually opened the door for Siemens to replace it as the preferred imaging equipment supplier to the global medical community. And we all know where GE is now -- what there is left of it, anyway. Bob Nardelli, who slashed and burned his way through GE Power Systems but lost the CEO race to Immelt, moved on to Home Depot where his cost-cutting efforts cost them market share and him his job in fairly short order. Jim McNerney, another CEO finalist and management efficiency guru went on to lackluster tenures at 3M and Boeing. And Dave Calhoun -- who might have won the CEO race at GE had he stayed until the end -- is now infamous as the cost-slasher and stock price pumper who brought once-mighty Boeing to its knees.

In a world where investors want engineering-intensive and heavy-industry concerns such as automakers to dance, pop, and sparkle in the marketplace like digital tech firms, keeping engineering at the forefront is all too often a doomed effort.

So . . . I worry that Rawlinson's departure from Lucid barely two products in, while perhaps eventually becoming advisable, might have come too soon.
We must add Carlos Gohsn and Nissan to the list. It looks like Nissan may not survive that experience.
 
This is a steal at 2.26, a buy for sure.

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Lucid is barely surviving, if they continue without drastically improving sales, they wont even exist.....no point having the best product is most people dont even know it exists or how good the vehicles are.
Hello “TiVo”
 
I have mixed emotions about Lucid. Their financials are horrible, but I agree that’s to be expected this early on for car start up. However, it amazes me how much manipulation goes into this stock compared to others. You’ve got Bank of America who previous had put positions and then randomly put out a $1 target prediction. They clearly have a financial interest in bringing the share price down.

On the flip side, big money like vanguard and blackrock do seem to be buying as per the last 13F filings. Part of me wants to continue averaging down with them, but I’m also fearful about Lucid falling below $1 and venturing towards reverse split territory.

My skin in the game is very minimal. Only 1,000 shares so a few grand won’t make or break me, but not sure I want to put anymore on the line at this point in time unless they can provide some
Optimism in either sales/production for gravity or a more significant partnership as they’ve been hinting out for over a year now. Very surprised we haven’t heard anything about Hyundai yet.
 
We COULD all pool our shares and create voting block…not that it matters when one entity owns 60%, LOL!!
 
I have mixed emotions about Lucid. Their financials are horrible, but I agree that’s to be expected this early on for car start up. However, it amazes me how much manipulation goes into this stock compared to others. You’ve got Bank of America who previous had put positions and then randomly put out a $1 target prediction. They clearly have a financial interest in bringing the share price down.

On the flip side, big money like vanguard and blackrock do seem to be buying as per the last 13F filings. Part of me wants to continue averaging down with them, but I’m also fearful about Lucid falling below $1 and venturing towards reverse split territory.

My skin in the game is very minimal. Only 1,000 shares so a few grand won’t make or break me, but not sure I want to put anymore on the line at this point in time unless they can provide some
Optimism in either sales/production for gravity or a more significant partnership as they’ve been hinting out for over a year now. Very surprised we haven’t heard anything about Hyundai yet.
Doubling production, earnings could reach 2 billion in 2025 with 20k deliveries, 6.13 bilion cash available....the $1 targate by BOA ia a scare tactic to make sure you don't buy and sell what you have, a nice way to dump share price so they can but more...this always happens to volatile stocks. Really, BOA thinks Lucid is worth 2.4 billion with the best EV tech, 6.13 billion cash, factories built.....even if they burn another 3 billion with zero sales, they will have 3 billion in the bank. Its pathetic how some analysts behave.....
 
Lets load up some stocks

I am buying and trying to average my cost down

Maybe one day the stock will hit 55 gain and we will make money and get sapphires 🤣
 
Lets load up some stocks

I am buying and trying to average my cost down

Maybe one day the stock will hit 55 gain and we will make money and get sapphires 🤣
Let's see ... $2.22 at close, 4600 shares - $10,212 today...wait until $55 share price and then get my Sapphire...🤔
 
The Chinese electrics may eventually be allowed in our market. Chinese electrics will be powerful competitors if they are ever allowed to compete. See the NY Times article March 2, 2025. Lots of Chinese competitions and that article highlights Xiaomi.

Still bullish?
 
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