I’m not sure. What I do know is that these higher interest rates are going to remain higher for an extended period of time. This along with the looming recession makes for a very bad economic situation if you’re an up and coming EV company. This is just my opinion of course. Great car and tech, but demand just isn’t there right now. Hopefully the Gravity will appeal to a broader share of the market. Problem is that’s a while away.A pretty gloomy article. Will the twin arrivals of the Pure RWD and the Gravity turn the sales picture around significantly?
Opinion | Lucid’s $227,802 EV Loss Leader — The Wall Street Journal
The electric-vehicle startup is struggling to find buyers for its cars.apple.news
Exactly, shws you have manipulative these articles are. Also includes depreciation. And to think people read the WSJ for financial advice. WSJ also published an article saying Tesla in talks with Saudi for manufacturing plant. That was a big fat lie.Never trust anything put out by wall street. They have their motives. Unfortunately lot of people believe them They shorted EV's, so they push negative articles. It is time options trading should be made illegal. You like the stock you buy, you dont like, dont buy or sell. Simple! Having options means these wall street liars can make a lot of money with a small drop and hence push these articles. The SEC is useless!!
I think Lucid’s strategy was correct. Start with the lower volume model, work out the kinks in the supply chain and software, then launch the medium volume model, then launch the high volume model. Low sales of the Air right now is actually kind of irrelevant in the big picture. The problem is that it is taking way too long for Gravity to be launched. A year from now is really disappointing. Unless Lucid can generate significant international sales of the Air, it will be a very very long and quiet 2024 until Gravity hits.
100% spot on it’s going to be a tough road to survive for many companies. Interest rates are the biggest hang up.
I watched people use the same stupid logic when Tesla was up and coming, as if the cost of making solar panels, future software development, plans for the Model 3, tooling factories for future cars and everything else that cost money was part of the cost of making a Model S. Tesla was quite open on the fact that their plan all along was to make enough money from the Model S to pay the bills, and interest on loans, etc. as they spent far more than they were expecting to take in, with the spending being unrelated to future models.
