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Target $0

sri said:
Looks like Lucid is targeting $0, i am at a point believing that boat already started sinking.
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Another investor lawsuit related to the way they handled the parts supplier and Gravity hit yesterday, probably helped push it down.

They need to show pics of the Cosmos and a ‘27 Air. According to a former employee there are 2 Cosmos that can move under their own power and roughly a dozen total but waiting for parts or something.

This does make the prospect of a Robotaxi fleet a little questionable. First things first!
 
RIVN is down a similar amount today.
 
socktucker said:
Another investor lawsuit related to the way they handled the parts supplier and Gravity hit yesterday, probably helped push it down.

They need to show pics of the Cosmos and a ‘27 Air. According to a former employee there are 2 Cosmos that can move under their own power and roughly a dozen total but waiting for parts or something.

This does make the prospect of a Robotaxi fleet a little questionable. First things first!
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Well, Rivian R2 is coming next week. Assuming Lucid learned its lesson and don't repeat paper-launches, Cosmo (revenue) is probably a 2H'27 product. It will be a tough 12 months ahead!
 
Can we please stop with these posts? Lucid share price fluctuations have nothing to do with company operations. Share price being down =/= boat is sinking.

It's down today along with the broader market because the strong jobs report suggests there will likely be a rate hike this year.
 
DeaneG said:
Their marketing is very similar too.
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I was talking to the Rivian guy on the phone last week. I didn't realize they now have a huge distribution center in Tempe AZ. They are obviously going for the big play.
I called Rivian because someone ran into my (parked) R1S at a shopping center. The damages were mostly cosmetic. I was enquiring where I should go for body service. Rivian now has 6 authorized Collison shops just in the metro Phoenix area. In contrast, Lucid has just one in Scottsdale.

Service, both electromechanical/SW and body, and tires/alignment cannot be overlooked if Lucid wants to scale (Gravity and Cosmo). The current Lucid network is inadequate and will become a real showstopper with the mid-size intro.
 
The_Don said:
Can we please stop with these posts? Lucid share price fluctuations have nothing to do with company operations. Share price being down =/= boat is sinking.

It's down today along with the broader market because the strong jobs report suggests there will likely be a rate hike this year.
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This is the Investors Chat and it’s a 52 week low. This is exactly what this is for. If it hits a 52 week high it will be here too!
 
DeaneG said:
Their marketing is very similar too.
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I’m bitter too cuz my neighbor has an Rivian and was so excited seeing my Lucid but yeah we know how that’s went. He’d stop by and go “where’s your Lucid” and I’m GTFO here with your Lego Batmobile I’ll call you if I need to move some furniture
 
The_Don said:
Can we please stop with these posts? Lucid share price fluctuations have nothing to do with company operations. Share price being down =/= boat is sinking.

It's down today along with the broader market because the strong jobs report suggests there will likely be a rate hike this year.
Click to expand...
It will go down with market, it will go down with there mistakes, it will go down because someone moved a pin. That is the big problem here not how the market is. Stock is 50cents pre split and Lucid keep saying we are in good shape. Only one thing is true and we can see the value in stock price.
 
sri said:
It will go down with market, it will go down with there mistakes, it will go down because someone moved a pin. That is the big problem here not how the market is. Stock is 50cents pre split and Lucid keep saying we are in good shape. Only one thing is true and we can see the value in stock price.
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Right now it’s going down with f5
 
sri said:
Looks like Lucid is targeting $0, i am at a point believing that boat already started sinking.
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The seat issue holding up 1 month of sales initiated the sell off and lawsuit didn’t help. . Overreaction!

The bigger picture hadn’t changed. I just bought more stock. $10 soon! Understand BOA and Uber did due diligence bought at $8. I see these as buying opportunities. Holding a decade so don’t care about short term.
 
sri said:
It will go down with market, it will go down with there mistakes, it will go down because someone moved a pin. That is the big problem here not how the market is. Stock is 50cents pre split and Lucid keep saying we are in good shape. Only one thing is true and we can see the value in stock price.
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Right, because stock prices have always been a good measure of company value....
 
The_Don said:
Right, because stock prices have always been a good measure of company value....
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These days “value” just means “whatever someone will pay for it” apparently. As soon as I saw Allbirds the shoe company gain 100m in value saying they’re gonna pivot to AI, I knew the market isn’t real.
 
BS8899 said:
I was talking to the Rivian guy on the phone last week. I didn't realize they now have a huge distribution center in Tempe AZ. They are obviously going for the big play.
I called Rivian because someone ran into my (parked) R1S at a shopping center. The damages were mostly cosmetic. I was enquiring where I should go for body service. Rivian now has 6 authorized Collison shops just in the metro Phoenix area. In contrast, Lucid has just one in Scottsdale.

Service, both electromechanical/SW and body, and tires/alignment cannot be overlooked if Lucid wants to scale (Gravity and Cosmo). The current Lucid network is inadequate and will become a real showstopper with the mid-size intro.
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Agreed
Lucid has no SC in the state of Delaware &, last time I checked, no authorized repair shops in the state. So your service options are either
1) mobile - great option but mobile can only perform so much, 2) King of Prussia - a 2 hours ride from the beach area in DE or 3) Tysons which is a 3 hour+ ride. As an early adopter (picked up my Touring in december 2022) I've had to make the trek to KOP and/or Tysons seveeral times.
I love driving the car, and the technology is SOOO much better than it was when I originally picked up my car 3 years ago, but the lack of infrastructure is getting old. C'mon Lucid, let's get some more penetration throughout the country !!
 
pjdcorp said:
Agreed
Lucid has no SC in the state of Delaware &, last time I checked, no authorized repair shops in the state. So your service options are either
1) mobile - great option but mobile can only perform so much, 2) King of Prussia - a 2 hours ride from the beach area in DE or 3) Tysons which is a 3 hour+ ride. As an early adopter (picked up my Touring in december 2022) I've had to make the trek to KOP and/or Tysons seveeral times.
I love driving the car, and the technology is SOOO much better than it was when I originally picked up my car 3 years ago, but the lack of infrastructure is getting old. C'mon Lucid, let's get some more penetration throughout the country !!
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The way it comes across is, Lucid is in a financial Catch22. They want to expand, sell more Gravities, and get the mid-size Cosmo going. Financially and able-body resources limited, and besieged with ongoing SW/HW problems, and trying to do TWO mid-size products in rapid succession, I have a hard time seeing how they are going to pull it off. So, they trim Service, presumably to save money, right in the middle of the Gravity ramp. I guess they think buyers will focus on the eye-candies like Gravity and Cosmo. Perhaps no one would notice Service is hammered!
 
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