Well that spectacularly backfired

[momo3605]

Congratulations, stock is $1’s…..wow! But hey, we have a great product that is very expensive and hasn’t started any deliveries yet and our base model won’t be available for at least a year, maybe even longer.

Investors are important as well as the product. Trying to get out a perfect product is expensive. You can do that when company is flying but not in this environment. They should have had the Gravity ramped up by now.

I don’t disagree with most of your points. I do think Lucid screwed up the Gravity launch. Not enough marketing, not enough hype, no drive reviews when ordering opened.

But that being said, the Gravity appears to be a solid product and I think Lucid can make up the time. I just bought Lucid stocks for the first time at $1.98. Let’s see what it looks like in 1 year. I think there will be many happy Gravity owners on the road by then.

 

[HC_79]

Think 4 years is short term? Or even the past year absolutely no movement, just down down down. Stock is down more than 50% compared to a year ago despite recent good results in Q3. Makes you think what’s going on with Lucid management PR. They need to get moving a year ago. If they are waiting to make the “ perfect “ SUV, they may not have much time left. Peter needs to hustle….Understand they had challenges, but, I feel they are too slow to react. Stock going into the 1’s…….could you believe we are here on the cusp of Lucid introducing a new model which is expected to sell much better than the Air. It’s a viscous circle….bankruptcy talk- less sales

Gravity should be in the hands of customers by now. Hustle your employees!

Did you not pay attention to Peter’s remarks on the investors’ call? Investors have essentially abandoned the EV space, and you can’t simply blame Lucid’s struggles by saying, “Lucid is doing a bad job” when others are facing the same challenges. Rivian’s stock has plummeted by 43%, and NIO’s has dropped by 44%. Are these companies poorly managed as well? This isn’t a marketing or PR issue.

Lucid announced the Gravity last year, saying that it would enter production in late 2024. From an investor’s perspective, what has management not delivered on? The Air has outperformed the competition, and Q3 results exceeded Wall Street’s expectations and they're on track to meet guidance for this fiscal.. Seriously, what more do you want them to accomplish? The recent price beating has nothing to do with Lucid; it’s the fact that the EV tax credit is being phased out, which has introduced more uncertainty into the market.

 

[xponents]

Lucid announced the Gravity last year, saying that it would enter production in late 2024. From an investor’s perspective, what has management not delivered on?

Actually, they initially announced it for early 2024. So actually, they have missed that. They did realign expectations though, which is good, even though it was a bit late.

 

[marsarbu]

I think the stock price reflects a wide-held belief that Lucid will go bust in the next few years. Not because they are doing anything wrong, but the competitive environment is extremely tough, like never before. If they would have started a bit earlier, like Tesla, they might have had a good fighting chance because their product(s) are overall better than the competition.

I will continue to enjoy my AGT and probably order the GGT but I don't have high hopes that there will be anything beyond that.

 

[MJAir23TheGoat]

Filled my 3K share buy at $2 this am. I’ve bought and sold the stock probably 10-12 times since 2020 SPAC. Most of it has been taking profit, except the last 2 transactions. Averaging down from my previous buys in $4-range.
My neighbor however loved LCID long term still holding original purchase ….. 6K shares at $30
180 K invest = 12K value current ouch
Over 94% paper loss to date. I do think things will get better in 2025 won’t get into all the speculation … just my take.

 

[Pragmatic]

Marketing chief left to become head of NA for Maserati. So a step up for them.

 

[Batteryman]

Gamestop is a meme stock pumped by Wall Street Bets on Reddit. Tesla is not a short term stock. Consistently, year over year, the company is growing and share holder value has increased without fail. Tesla has both shorth and long term returns. To paint their company and justified stock movement in the same picture as Gamestop is unfair.

Tesla is a meme stock, PE ratio 100, with no growth , no robotaxis….its based on hype, not fundamentals. 90% earnings is from selling cars. It’s a car company.

 

[MJAir23TheGoat]

Tesla is a meme stock, PE ratio 100, with no growth , no robotaxis….its based on hype, not fundamentals. 90% earnings is from selling cars. It’s a car company.

Sure it is… keep telling yourself that.

 

[Batteryman]

Did you not pay attention to Peter’s remarks on the investors’ call? Investors have essentially abandoned the EV space, and you can’t simply blame Lucid’s struggles by saying, “Lucid is doing a bad job” when others are facing the same challenges. Rivian’s stock has plummeted by 43%, and NIO’s has dropped by 44%. Are these companies poorly managed as well? This isn’t a marketing or PR issue.

Lucid announced the Gravity last year, saying that it would enter production in late 2024. From an investor’s perspective, what has management not delivered on? The Air has outperformed the competition, and Q3 results exceeded Wall Street’s expectations and they're on track to meet guidance for this fiscal.. Seriously, what more do you want them to accomplish? The recent price beating has nothing to do with Lucid; it’s the fact that the EV tax credit is being phased out, which has introduced more uncertainty into the market.

It’s the execution, why do the same release they did with the Air? Get vehicles out and get out the cheapest trim as well. Otherwise customers who were interested will walk away, just like those waiting for the Air Pure. I know quite a few who get fed up waiting and bought something else. Wall Street doesn’t like this at all.

 

[illopp00]

Think 4 years is short term? Or even the past year absolutely no movement, just down down down. Stock is down more than 50% compared to a year ago despite recent good results in Q3. Makes you think what’s going on with Lucid management PR. They need to get moving a year ago. If they are waiting to make the “ perfect “ SUV, they may not have much time left. Peter needs to hustle….Understand they had challenges, but, I feel they are too slow to react. Stock going into the 1’s…….could you believe we are here on the cusp of Lucid introducing a new model which is expected to sell much better than the Air. It’s a viscous circle….bankruptcy talk- less sales

Gravity should be in the hands of customers by now. Hustle your employees!

Q3 results were not financially that good, they clearly burnt more cash and had an increasing loss than before, share prices will track the inverse rate of cash flow and the dilution per share. You may be being given a gift if they actually have pulled dilution in earlier, I believe there may only need to be one more 1.5B raise before the Mid-size hits a stable production rate.

 

[borski]

Think 4 years is short term?

For a brand new automaker with two years of a pandemic in the middle? Yes, that’s short term.

I think investors are still allowed to be critical.

Sure. No problem with that. It’s hyperbole I get annoyed by, not criticism.

VP of Marketing just left... I won't speculate but draw whatever conclusion you want from that.

No need to speculate much; Andrea was brilliant, but he went from Maserati to Lucid, to head of NA at Maserati. I don’t know who wouldn’t have taken that job. Andrea’s Italian. It’s a spectacular gig. I’m happy for him.

Lucid set to become penny stock as death cross solidifies downtrend

The already-troubled Lucid stock may be in for an even greater collapse before the start of 2025 as the shares just flashed a death cross.

finbold.com

Absolutely horrendous! They should have gotten the base Gravity out first, take advantage of 7.5k credit when available. This mantra of most expensive model first to make a few extra dollars won’t work! You need to be flexible.

Please stop with the hyperbole. You can discuss and debate, but yelling and screaming about how you know better, despite not having any of the context, is armchair ceo’ing at its finest and is against the guidelines.

I’m upset about all the talk about partnerships and Saudi buying 100k without any specific details. Gravity should have been out in customer hands by now.

Yes, I can tell you’re upset. We all can. But investors are fickle.

Gamestop is a meme stock pumped by Wall Street Bets on Reddit. Tesla is not a short term stock. Consistently, year over year, the company is growing and share holder value has increased without fail. Tesla has both shorth and long term returns. To paint their company and justified stock movement in the same picture as Gamestop is unfair.

Sure, that’s fair. I still think Tesla, today, is basically a meme stock, but you’re right that it wasn’t always that way. That’s orthogonal to my point, however, so I’m happy to concede it; it’s irrelevant.

 

[illopp00]

Marketing chief left to become head of NA for Maserati. So a step up for them.

Maserati will be bankrupt before Lucid No way that is a step up for a company that sells less cars and loses more money...

 

[borski]

Maserati will be bankrupt before Lucid No way that is a step up for a company that sells less cars and loses more money...

Okay. Or not. They’ve been around since 1914.

On 17 March 2022, chief executive officer Davide Grasso announced that Maserati will produce an electric version of all of its models by 2025. CEO also announced the plans to phase out all of its internal combustion engine vehicles by 2030. All Maserati EVs will wear the Folgore name (that means "lightning" in Italian).

Seems like a great place for Andrea.

 

[illopp00]

Okay. Or not. They’ve been around since 1914.

On 17 March 2022, chief executive officer Davide Grasso announced that Maserati will produce an electric version of all of its models by 2025. CEO also announced the plans to phase out all of its internal combustion engine vehicles by 2030. All Maserati EVs will wear the Folgore name (that means "lightning" in Italian).

Seems like a great place for Andrea.

Do they also have the Saudi's bankrolling their money losing business? Stellantis has no money for this brand.

 

[borski]

Do they also have the Saudi's bankrolling their money losing business? Stellantis has no money for this brand.

Okay. We’ll see. For now, let’s not be armchair CEOs for Maserati or Stellantis either.

 

[Tâm]

Do they also have the Saudi's bankrolling their money losing business? Stellantis has no money for this brand.

Saudi Arabia has a Vision 2030 and wants to have a car manufacturer. It has asked Toyota and others to help it achieve this goal, but all refused because the country has no car parts manufacturing infrastructure. The only one who accepts the challenge is Lucid.

Thus, paying Lucid to help with its goal may be costly, but that is what it wants.

For short-term investors, it's a losing business. For Saudi Arabia, it's just like a business expense to get a professor in the country to help it develop the manufacturing skills that Toyota and others don't want to help.

The progress is slow, but it's going well: There were 800 Lucid cars assembled in Saudi Arabia last year. Notice that Lucid just opened up the plant on September 27, 2023, which is still very recent.

It's just like a country that wants to gain nuclear power skills, and it would have to lose lots of money to get someone there to teach them the skills.

It's all about the nation's goal, and that's the long-term stability.

 

[HC_79]

Saudi Arabia has a Vision 2030

If people haven't looked into this to realize that Lucid is probably pretty safe until 2030 then they haven't done their due diligence and are too busy focusing on the now than the future. Clearly, Saudi is prepared to invest billions into green energy initiatives that will transition them for the future. You need to spend money to make money and they're probably fully aware these investments won't bring instant ROI's and will need continued investment to get them established and off the ground.

Let's behest, $1 billion here or there is nothing for Saudi Arabia to lose. They would just need to raise the price of oil by a dollar and would probably make that loss back ten fold in a week. I'll say this again, if you went in thinking you were going to make a quick buck off Lucid then more fool you. If people can't handle the waves which will continue to the foreseeable future then cut your losses, sell the stock and move onto something more stable.

 

[Buffalo Bob]

Let's behest, $1 billion here or there is nothing for Saudi Arabia to lose. They would just need to raise the price of oil by a dollar and would probably make that loss back ten fold in a week. I'll say this again, if you went in thinking you were going to make a quick buck off Lucid then more fool you. If people can't handle the waves which will continue to the foreseeable future then cut your losses, sell the stock and move onto something more stable.

The last I heard the value of the Saudi PIF is approaching one trillion dollars. Their investment in Lucid probably comes out of petty cash.

 

[HC_79]

The last I heard the value of the Saudi PIF is approaching one trillion dollars. Their investment in Lucid probably comes out of petty cash.

PIF company Christmas party

 

[Leftlane]

Saudi Arabia has a Vision 2030 and wants to have a car manufacturer. It has asked Toyota and others to help it achieve this goal, but all refused because the country has no car parts manufacturing infrastructure. The only one who accepts the challenge is Lucid.

Thus, paying Lucid to help with its goal may be costly, but that is what it wants.

For short-term investors, it's a losing business. For Saudi Arabia, it's just like a business expense to get a professor in the country to help it develop the manufacturing skills that Toyota and others don't want to help.

The progress is slow, but it's going well: There were 800 Lucid cars assembled in Saudi Arabia last year. Notice that Lucid just opened up the plant on September 27, 2023, which is still very recent.

It's just like a country that wants to gain nuclear power skills, and it would have to lose lots of money to get someone there to teach them the skills.

It's all about the nation's goal, and that's the long-term stability.

You don’t think Toyota and other established makers declined because they don’t need the PIF money, and they don’t want to be in business with the Saudis? Lucid absolutely needed the money - otherwise they disappear. Toyota doesn’t.