Rumor: Saudi PIF is buying all of Lucid and taking them private

[Drendino]

My concern is with the secrecy. Lucid has done a very good job at keeping things quiet until they want them out but with the PIF owning 60%+ what do they know that's coming down the pipeline that others don't? For example, the Apple Car rumor I think it's just a rumor but IF on the slightest chance the rumor is true then would the PIF know about it? If Lucid needs to plead a case to the PIF every time it needs money then "upcoming deals" would surely have been discussed.

I'm sure they knew about the Gravity delay, they probably know about the more cost effective model in 2025 so if they have the inside scoop they can come in low, take it private and make a shit tonne of money off it and current investors all miss out because they don't know what's going on behind closed doors. Maybe i'm wrong but when you've missed targets dramatically and then secure another $1.5 billion I don't think that check gets handed over with no questions asked.

I think you are on the money. No matter what, unless you invested in the last couple of months, shareholders are screwed. In retrospect I guess we should have seen it coming. Giving the CEO 566 million before delivering any cars makes it seem like a cash grab from the beginning. At that point who cares about performance metrics? Makes me wonder if they tanked the stock price on purpose, since the Saudi controlling interest benefits the most from a diminished value? Hard not to be cynical about it.

My only hope is that maybe we will get better communication from ownership, since they won’t have to measure each word by how it will affect the stock price. Whatever happens, they better do it soon because I can’t imagine too many people will want to buy a Lucid with this much uncertainty looming.

 

[AZLucidGuy]

As a shareholder and a Lucid Air GT daily driver here is my take. In brief:
1. I think that this is a very shaky rumor at best. No one knows if the rumor is true or not. Also, since it was reported second hand from a pay only blog in the UK called “Betaville”, no one even knows if rumor is a real “rumor”. It's just bizarre what happened in the market today.

2. If the PIF wants to buy out all of Lucid then they know it has great future with a future, otherwise, they are the ultimate "bag holder". This nutty rumor is in direct conflict the the barrage of equally nutty rumors that Lucid was about to go bankrupt and be delisted from the NASDAQ. You don't buy MORE of something at a PREMIUM that you think will FAIL. What would really scare me is if the PIF was trying to unwind their position at these prices, not buy more.

3. There is a lot of “big money” and industry insiders that want Lucid to fail and cease to exist. Every other auto maker wants Lucid to fail. Tesla’s rise burned all of the legacy automakers and made them angry — VW, Mercedes, GM, Ford, Toyota, Honda, everyone. They do not want another “Tesla” to have to deal with. So try to drown it in rumors. Now all of these same interests are mad at Lucid — Tesla is also wants Lucid to fail so add them to the list. So I think some of these rumors are being started by the above mentioned and their supporters.

I could be wrong, but I think it's all a rumor of a rumor. Perhaps with malicious intent, perhaps just on a lark. Time will tell. I suspect that as time goes by (weeks), $LCID will drift back to $10 or so until genuine catalysts emerge in time to add value and increase the price.

 

[Sid432]

Yeah. All we need now is a meme.

All I want is to pay back my car

 

[Drendino]

As a shareholder and a Lucid Air GT daily driver here is my take. In brief:
1. I think that this is a very shaky rumor at best. No one knows if the rumor is true or not. Also, since it was reported second hand from a pay only blog in the UK called “Betaville”, no one even knows if rumor is a real “rumor”. It's just bizarre what happened in the market today.

2. If the PIF wants to buy out all of Lucid then they know it has great future with a future, otherwise, they are the ultimate "bag holder". This nutty rumor is in direct conflict the the barrage of equally nutty rumors that Lucid was about to go bankrupt and be delisted from the NASDAQ. You don't buy MORE of something at a PREMIUM that you think will FAIL. What would really scare me is if the PIF was trying to unwind their position at these prices, not buy more.

3. There is a lot of “big money” and industry insiders that want Lucid to fail and cease to exist. Every other auto maker wants Lucid to fail. Tesla’s rise burned all of the legacy automakers and made them angry — VW, Mercedes, GM, Ford, Toyota, Honda, everyone. They do not want another “Tesla” to have to deal with. So try to drown it in rumors. Now all of these same interests are mad at Lucid — Tesla is also wants Lucid to fail so add them to the list. So I think some of these rumors are being started by the above mentioned and their supporters.

I could be wrong, but I think it's all a rumor of a rumor. Perhaps with malicious intent, perhaps just on a lark. Time will tell. I suspect that as time goes by (weeks), $LCID will drift back to $10 or so until genuine catalysts emerge in time to add value and increase the price.

I suppose we will find out soon if it’s fake news. If it is fake, Lucid should have put out a statement immediately denying it.

 

[AZLucidGuy]

I suppose we will find out soon if it’s fake news. If it is fake, Lucid should have put out a statement immediately denying it.

I disagree. That would 1) empower the rumor creator -- and encourage more hoaxes and 2) potentially get Lucid in trouble with the SEC or with civil litigation. Lucid was wise to ignore and simply to state that they do not comment on rumors or speculation. Just ask Elon, he was on trial for making comments about similar rumors in 2018.

 

[steveairgt]

Having worked in several startups and companies that give stock options, I’d imagine many key and highly valued employees would leave. As a private company, the attraction of making a lot of money from stock appreciation goes away. I hope it doesn’t happen.

 

[AZLucidGuy]

Having worked in several startups and companies that give stock options, I’d imagine many key and highly valued employees would leave. As a private company, the attraction of making a lot of money from stock appreciation goes away. I hope it doesn’t happen.

Great point. The PIF managers are very smart. They realize this as well.

 

[quantum]

"The speculation came as a result of an "uncooked" alert from deals website Betaville. The website uses the term "uncooked" to refer to market gossip. Lucid was the sixth-most traded stock on U.S. exchanges and third top mover on the Nasdaq, with shares up over 37%."

This is how ridiculous the market has become in this day an age. Some clown throws out a rumor and stock soars or tanks based on rumor and speculation. Gone are the days where companies are based on performance etc. something that is actually tangible to warrant an increase or decline.

Blame social media and no fee trading apps for this mess. They should bring back fees for trading and make free trades illegal.

 

[quantum]

This explains all of the secrecy on literally everything Lucid, from OTAs, to bugs, to launch schedules. While I will be disappointed that my American made car is now Saudi owned, I will hold out hope that going private will take some of the communication chains off. Seems like now they won’t say anything out of fears of tanking their already tanked stock price.

Honestly, it’s hard to be happy about any of this, but maybe now Lucid will be able to answer straight questions with straight answers. When are we getting CarPlay BTW? I’m so tired of Lucid’s shit communication. Love my car though.

Patience...company is just a year old.

 

[quantum]

As a shareholder and a Lucid Air GT daily driver here is my take. In brief:
1. I think that this is a very shaky rumor at best. No one knows if the rumor is true or not. Also, since it was reported second hand from a pay only blog in the UK called “Betaville”, no one even knows if rumor is a real “rumor”. It's just bizarre what happened in the market today.

2. If the PIF wants to buy out all of Lucid then they know it has great future with a future, otherwise, they are the ultimate "bag holder". This nutty rumor is in direct conflict the the barrage of equally nutty rumors that Lucid was about to go bankrupt and be delisted from the NASDAQ. You don't buy MORE of something at a PREMIUM that you think will FAIL. What would really scare me is if the PIF was trying to unwind their position at these prices, not buy more.

3. There is a lot of “big money” and industry insiders that want Lucid to fail and cease to exist. Every other auto maker wants Lucid to fail. Tesla’s rise burned all of the legacy automakers and made them angry — VW, Mercedes, GM, Ford, Toyota, Honda, everyone. They do not want another “Tesla” to have to deal with. So try to drown it in rumors. Now all of these same interests are mad at Lucid — Tesla is also wants Lucid to fail so add them to the list. So I think some of these rumors are being started by the above mentioned and their supporters.

I could be wrong, but I think it's all a rumor of a rumor. Perhaps with malicious intent, perhaps just on a lark. Time will tell. I suspect that as time goes by (weeks), $LCID will drift back to $10 or so until genuine catalysts emerge in time to add value and increase the price.

Elon Musk wants Lucid and Rivian to fail, hence his tweets about these companies....he instigates the negativity and leads his fanboys to follow through on disparaging Lucid and Rivian. I always wonder what happened to the spineless SEC.

 

[Drendino]

I disagree. That would 1) empower the rumor creator -- and encourage more hoaxes and 2) potentially get Lucid in trouble with the SEC or with civil litigation. Lucid was wise to ignore and simply to state that they do not comment on rumors or speculation. Just ask Elon, he was on trial for making comments about similar rumors in 2018.

I disagree with your disagreeing. Lol. There is a huge difference between what Elon did and Lucid refusing comment. If the rumor is true, then Lucid was correct in refusing to comment until an official announcement. If it is fake, then Lucid allowed fake news to cause a 100% swing, which in my opinion is a breach of fiduciary to their investors. They have the responsibility to discredit fake news that could cause such damage to the company and shareholders, not the other way around.

 

[quantum]

I disagree with your disagreeing. Lol. There is a huge difference between what Elon did and Lucid refusing comment. If the rumor is true, then Lucid was correct in refusing to comment until an official announcement. If it is fake, then Lucid allowed fake news to cause a 100% swing, which in my opinion is a breach of fiduciary to their investors. They have the responsibility to discredit fake news that could cause such damage to the company and shareholders, not the other way around.

Elon Musk hates Peter Rawlinson and lied that he wasn't a chief engineer, he also goes around saying Lucid and Rivian will go bankrupt. It's none of his business to comment about his competitors. Which CEO does that? He manipulates through twitter. Refusing to comment is better than saying 420 funding secured or misleading about FSD. Yeah, Robotaxis coming in 2018 my ass! Either he is clueless about the progress and what needs to be done to achieve full autonomy or he intentionally mislead his investors and customers. Much much better to say " no comment "

 

[quantum]

I disagree with your disagreeing. Lol. There is a huge difference between what Elon did and Lucid refusing comment. If the rumor is true, then Lucid was correct in refusing to comment until an official announcement. If it is fake, then Lucid allowed fake news to cause a 100% swing, which in my opinion is a breach of fiduciary to their investors. They have the responsibility to discredit fake news that could cause such damage to the company and shareholders, not the other way around.

There could have been a " soft enquiry ", so what do you say then- yes and give false notion that they are going private, or say no? No comment is a good middle ground and SEC cannot do anything about it. SEC couldn't even get Musk to stop manipulating through Twitter!!!

 

[Drendino]

There could have been a " soft enquiry ", so what do you say then- yes and give false notion that they are going private, or say no? No comment is a good middle ground and SEC cannot do anything about it. SEC couldn't even get Musk to stop manipulating through Twitter!!!

One of our posts is not going to age well. I hope it’s mine because I really don’t want to see that happen. Nuff said.

 

[Tesla2.0]

"The speculation came as a result of an "uncooked" alert from deals website Betaville. The website uses the term "uncooked" to refer to market gossip. Lucid was the sixth-most traded stock on U.S. exchanges and third top mover on the Nasdaq, with shares up over 37%."

This is how ridiculous the market has become in this day an age. Some clown throws out a rumor and stock soars or tanks based on rumor and speculation. Gone are the days where companies are based on performance etc. something that is actually tangible to warrant an increase or decline.

GameStop!
Last year of today.

Scary how easy it is for someone to put out a “rumor” like this with stock at $9.40 then sell all their shares at $17.80 1hr later.

It’s just a world largest poker game, NASDAQ is a casino.

Hopefully some of you made bank having bought the bottom at 6.

I recently increased my position at $10 and $7. I’m long to cost average down and sleep through 2026 and have faith in their execution and Saudi backer $; however I may offload some next week to reduce risk and sell puts again and hope to catch back on volatility. When you have that much short interests on limited float out there, it’s just war now between hedges.

PS - Speculate in short term, long play on LCID.

 

[NoseyReporter]

Take this with a huge grain of salt but I was sent this twitter profile from a fellow investor:

https://twitter.com/crzmmaa

Bullshit with lucky timing? Crazy guy making stuff up? Or does this person actually know something? Similar situation to when CCIV was rumored to reverse merge with Lucid right?

 

[Drendino]

Take this with a huge grain of salt but I was sent this twitter profile from a fellow investor:

https://twitter.com/crzmmaa

Bullshit with lucky timing? Crazy guy making stuff up? Or does this person actually know something? Similar situation to when CCIV was rumored to reverse merge with Lucid right?

Take this with a grain of salt also. I could make more money doing the opposite of Jim Cramer.

 

[NoseyReporter]

Good ole Jim.

 

[LucidBrit]

No leader in their right mind would respond to any kind of rumor like this.

 

[Drendino]

No leader in their right mind would respond to any kind of rumor like this.

Correct, that would be investor relations job.