Well that spectacularly backfired

[Tâm]

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.

 

[Leftlane]

Toyota didn’t need the Saudi money for its very survival - is that clearer?

 

[Gravitas]

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.

 

[Tâm]

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.

 

[Blue Lectroid]

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.

 

[illopp00]

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.

https://www.motortrend.com/news/stellantis-brands-maserati-ram-dodge-chrysler-alfa-romeo-fiat-sell-analysis/

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...

 

[Batteryman]

https://www.motortrend.com/news/stellantis-brands-maserati-ram-dodge-chrysler-alfa-romeo-fiat-sell-analysis/

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.