mnewber1
Active Member
- Joined
- Jan 22, 2022
- Messages
- 1,512
- Cars
- Air Touring
- DE Number
- 0
Deliveries to start no later than Q2 2023 makes it sound like Pure orders being delivered around that time will be pushed back for priority of these vehicles.
SA to purchase up to 100,000 Lucids
- Thread starter mnewber1
- Start date
Deliveries to start no later than Q2 2023 makes it sound like Pure orders being delivered around that time will be pushed back for priority of these vehicles.
And that's why today was a perfect buying opportunity
Note that Saudi Arabia’s public wealth fund holds an approximately 62% stake in the U.S.-based automaker...
www.cnbc.com
Luxury EV maker Lucid scores order from Saudi government for up to 100,000 vehicles
Saudi Arabia's Ministry of Finance agreed to purchase at least 50,000 Lucids over the next 10 years, with an option to double that total.
Which I did late in the day @ $17.69
I got in slightly higher @17.75 =*(
I just wish I had bought more now.
- Joined
- Sep 10, 2021
- Messages
- 1,732
- Location
- California Central Coast
- Cars
- Matte Grey Air GT
- DE Number
- 0
- Referral Code
- I79OY1W7
I didn't buy today. Thought it would go down more tomorrow 
Probably will go down on May 5th...I didn't buy today. Thought it would go down more tomorrow
Maybe! That's why I hedged and split half for today and save the rest for May 5th!
I was feeling bad about buying it on 4/22 @ 18.98 when it dropped today, but decided to further lower by cost basis average by buying more today. Still feel a possibility of another dip on 5/5 but this announcement will keep it up in this range. As I said in an earlier post, could test the $16.12 post-spac low but more upside than downside at this point, in my opinion.
Well, I also bought at $26 or so...
- Joined
- Jan 4, 2022
- Messages
- 2,475
- Location
- Santa Clarita, CA
- Cars
- 2023 Lucid Air GT
- Referral Code
- AWNJLGKT
How are Pure orders being pushed back? The initial commitment is 1000 to 2000 annually until 2025. I'm sure they can slot these in with the Touring and Pure production runs with minimal impact
mnewber1
Active Member
- Joined
- Jan 22, 2022
- Messages
- 1,512
- Cars
- Air Touring
- DE Number
- 0
Producing 2,000 cars in conjunction with customer orders will push back at least 2,000 customer cars that were originally scheduled in that slot.
2,000 cars is 7% of Lucid's annual capacity if they're able to reach full capabilities by then. It'll be interesting to see how the reservations have increased since February given the increased marketing they've done. If Touring orders are delayed to not start until late Q3 (September), there's a chance Pures could not start producing/delivering until Q2 2023.
