Well that spectacularly backfired

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?
Toyota is a for-profit company, so yes, it does need money. They want to do business with Saudi Arabia. But their method of getting money is: It's more profitable for established car companies to import into the country than take time to build the car manufacturing infrastructure from scratch.
Lucid absolutely needed the money - otherwise they disappear.
Yes. That is obvious
Toyota doesn’t.
To clarify, Toyota sells its cars in the country, so it needs money. It doesn't want to be a school teacher to teach the government how to make cars.
 
Toyota didn’t need the Saudi money for its very survival - is that clearer?
 
Nothing wrong with needing money to grow a business. Toyota didn't. Lucid did, and they lucked out with the PIF.
Otherwise, we'd be having a very different conversion today.
This week alone, I bought 5,915 shares of $LCID. As long as my budget allows, I am buying more shares if stock price stays below $3.
Lucid Motors will be just fine.
 
Toyota didn’t need the Saudi money for its very survival - is that clearer?
True.

Last year, Toyota sold 220,200 cars in Saudi Arabia.

It still survives without taking money from Saudi Arabia but with less profits.
 
I love the passion in this thread, but realistically, none of us have a clue where this all leads. I own 15,000 shares of LCID (avg of $2.38). I think the relationship with PIF is a rock solid backstop due to their 2030 goal. Am I right? Who the heck knows. What I am sure of is that great companies and corresponding wealth is always made by building long term value in a business and not giving a damn about short term quarterly earnings or pumping the stock price. I see that vision in Peter and the PIF and I appreciate it very much. They continue to invest in the business, focus on developing great products and infrastructure…in the end we’ll see if this is the right approach. Let’s check in on this in another 7-10 years…not daily based on what day traders are doing to manipulate the stock for short term 5% moves one way or another.
 
Do they also have the Saudi's bankrolling their money losing business? Stellantis has no money for this br

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

Agree with not armchair CEO 'ing', but even though we have some skepticism on the quality of MT reporting they literally are up for review on the path forward after sales dropped 50%.

I don't think the Folgore is going to save them; Lucid could easily chop 2 doors and 6 inch of wheelbase off the Sapphire and make a coupe to put most of these guys out of business...
 

Agree with not armchair CEO 'ing', but even though we have some skepticism on the quality of MT reporting they literally are up for review on the path forward after sales dropped 50%.

I don't think the Folgore is going to save them; Lucid could easily chop 2 doors and 6 inch of wheelbase off the Sapphire and make a coupe to put most of these guys out of business...
Stellantis looking to sell Maserati…losing too much money. Styling is great, quality and tech, not so much. They never list that reputation.
 

Agree with not armchair CEO 'ing', but even though we have some skepticism on the quality of MT reporting they literally are up for review on the path forward after sales dropped 50%.

I don't think the Folgore is going to save them; Lucid could easily chop 2 doors and 6 inch of wheelbase off the Sapphire and make a coupe to put most of these guys out of business...
Sounds like they could’ve used a spectacular marketing guy who knows both Maserati and the industry extremely well!
 
Sounds like they could’ve used a spectacular marketing guy who knows both Maserati and the industry extremely well!
Not denying they made a good pick, just saying that Maserati might not be a step up from Lucid...
 
Not denying they made a good pick, just saying that Maserati might not be a step up from Lucid...
He’s running NA. Either way, the point is he didn’t leave because of some nefarious things; he left to take a promotion.
 
The MC20 is one of the most beautiful cars on the road.
 
Marketing chief left to become head of NA for Maserati. So a step up for them.

It was a return to the job he held at Maserati for 12 years before moving to Lucid.

"He previously served as Chief Marketing Officer for Maserati in North America for nearly 12 years and has held various roles within the company, including Global Brand Marketing Manager in Italy and as Maserati and Ferrari Brand Director in the United States after relocating in 2002." (https://****************.com/lucid/...aves-becomes-8th-executive-to-exit-in-a-year/).
 
Was Head of Marketing for NA now is General Manager of NA. So it's a step up.


It depends on interpretation. He was once the Global Brand Manager for Maserati and Ferrari. He is now a General Manager just of Maserati and just for one region. Moving from a global functional role to a regional general role is usually viewed as a lateral move in large organizations.
 
He’s running NA. Either way, the point is he didn’t leave because of some nefarious things; he left to take a promotion.

No! We have to make critical assumptions about everything Lucid does any time one of their employees breathes. What, are you new here? ❤️

EDIT: Oh boy, I just realized what section of the forum I'm in. Bailing out!
 
The tall pole in the tent is EV charging. I bought my Touring because of the claimed mileage, although I didn't realize that you have to shave that estimate by at least 20%. Some of the things that I realize now that I'm an EV owner: My Touring will be a museum piece, if I can find a museum. What many don't realize is that you can throw a LOT of money into infrastructure but it takes a L O N G time for things to materialize - purchase of property, tying to an electrical grid and the easements, environmental issues/impact statements, installation of charging equipment. These things take a lot of time. This is where Tesla has a whopping advantage. On top of that, the inherent limitations of lithium-ion technology. I didn't realize the charging curve drops precipitously as you get closer to 80 and even more to 100%. So I use the splash and dash charging strategy, and I have a charger installed in my garage. The game-changer will be solid-state battery technology, so look to Toyota to see if they can deliver the goods, hopefully by the end of the decade. I'm in my mid-70s so I don't know how long I'll be driving with the current technology. I bought my Touring eyes wide open, and I'm enjoying the hell out of it. I hope some version of FSD will allow me to keep enjoying it or time will allow me to purchase another EV with solid-state batteries. My Touring has been trouble-free since I purchased it without a single hiccup; that says a lot about the quality of my vehicle (single data point). Yes, I also jumped onto Lucid stock at its inception and taking a bath, but that's the chance I take with any stock that I've purchased - eyes wide open. Enjoy the ride.
 
I've got a buy order for 1500 at $1.25 ....
 
It depends on interpretation. He was once the Global Brand Manager for Maserati and Ferrari. He is now a General Manager just of Maserati and just for one region. Moving from a global functional role to a regional general role is usually viewed as a lateral move in large organizations.
Maserati is no longer paired with Ferrari, as it is owned by Stellantis.

This is mountains out of molehills. It’s a different company than it was in 2001-2006. From 2006-2017 he was CMO of Maserati NA. Now he’s going back as GM of Maserati NA.
 
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