Lucid Group Inc (LCID)

[Tunafish1]

I’ll just buy more ;) Gotta avg down.

[Monksdream]

LCID new 52 lo

[KMC-1]

Over the long term I believe this company will do well, and I do agree the current administration is a huge part of the problem!

[usaphilippines]

Not all trades are winners. I have about a 60-70% success rate just my confidence is low from basement joe to pump ev and green sector

I think this will pop but they may take it lower though

[KMC-1]

That can't be right, you just loaded up for the big pop.

Don't worry though, I'm sure there's no RS coming either, just like you said.

[usaphilippines]

Im wondering the same sold at -2k loss sick of watching this thing bleed, biden hising in his basement while evs see all time lows week after week

[usaphilippines]

Apparently they are taking it down to $2

[Monksdream]

LCID new 52 lo

[Tunafish1]

I’m really liking the Lucid Gravity, but I’m a truck guy so I may have to hold out for their truck. if it happens, however the Gravity has a lot of my attention. It’s a head turner for sure! Hmmmm.
Well any-hoo, I’m pulling for ya $lcid!

[KMC-1]

Wait, what happened to the pop?? LOL

[Monksdream]

LCID new 52 lo

[usaphilippines]

Added

[Tunafish1]

Go Lucid!

[KMC-1]

Lucid Announces Q1 Production & Deliveries, Sets Date for First Quarter 2024 Results
April 09 2024 - 09:00AM

OOOOOF.......

[usaphilippines]

loaded up for another pop

[Zilidium]

As an owner of an EV, getting a type II charger at home is money well spent, pull into the garage , plug 'er in, every morning your topped off for the day ahead...easy peasy. Way easier than filling up with gas. I will say from experience, EV's do not like cold weather, Range goes down considerably, so a charger at home is a must if you live up North.

[TucsonPhil]

I pulled the 200 mile range out of the air. Just picked a number for grocery getters, and running around town.

The average American commutes 42 miles per day, so based upon a 5 day workweek, they will need 210 miles of range, plus a 20% reserve of 42 miles, so let's say 250 miles. Allows for charging on the days off.

Since the batteries make up the majority of cost for EV, and the luxury model glamor accessories, are a draw on power, if they cut the power hungry options down and downsized batteries, they should be able to get an everyday $35K car to market.

[KMC-1]

I think the range needs to be more than 200 - but I always think in terms of ICE vehicles being the competition and not necessarily Tesla. If they can get the Gravity out with 400+ and then a model 3 / Model Y competitor with 400 I think they will turn the corner. I think Rawleson is following the template of Tesla because that's his experience - watching Model S bring them into the mainstream - but as you say I don't think he really understands the current market where Model 3 and Model Y are the models making actual revenue for Tesla since he left before they were introduced. It is also the brand image maker he wanted it to be - it truly is an amazing car (the Air), it's just not the right product at the right time in my opinion. If they had done the Gravity first, then a van / pickup based off the same skateboard, then the 3rd model - I bet this would be a very different story right now.

I'm sure if he could get a mulligan he'd do things differently - just look at Rivian. That said, they've got the cash, they've got the products, they've got the capacity (and the plan for more), now it's just about execution - which they have truly excelled at so far. I think we just need to be patient and let this grow, but I'm not above admitting there is a good chance I'm totally wrong lol...

[TucsonPhil]

Let's hope they can keep an Area-51 type tight lid on development projects. Keep the shorts in the dark until good news pops it over $5.

The Tesla business model, of selling high priced luxury sedans to fund development of smaller vehicles, worked for Musk, but it is not working for Lucid.

The smaller, lower priced, 200ish mile range, sedan needs to happen today. That will be the bread and butter that brings in revenues and brings up the stock price.

With Saudis funding this, not sure why they think production money is needed from sales of luxury. Do they just want a luxury car company to supply themselves?

[Tunafish1]

Lucid down a little this morning. Let’s get that bounce.^.

[KMC-1]

Looks like something new must have happened we haven't heard about yet?

[KMC-1]

Dilution.

[KMC-1]

The 3rd model is solidly in the pipeline and all the planning is in place to have it to market sometime in the later half of this decade, so if they survive that long it's coming. I'm really excited for Gravity, I hope it does well. The dilution is tough to take but they need cash and have to do whatever they can to stay alive. It's a shame they came out with the sedan first.

[TheFinalCD]

back under 3 already

:/

[uksausage]

hope this allows them to get a smaller cheaper car in the pipeline, or switch to solid state batteries ahead of TSLA

[TIMGZ]

cyto news

[stock1ace1]

Welp that means more dilution incoming :/

[TIMGZ]

might move at open market

[TIMGZ]

float 2.25b

[usaphilippines]

Runner pre market

[TheFinalCD]

Lucid Group, Inc. Announces Investment of $1.0 Billion by an Affiliate of PIF
https://www.prnewswire.com/news-releases/lucid-group-inc-announces-investment-of-1-0-billion-by-an-affiliate-of-pif-302097857.html

[TheFinalCD]

$LCID 3.06 NEWS

$LCID (+12.6% pre) Lucid Group (LCID) Announces Investment of $1.0 Billion by an Affiliate of PIF - SIhttps://t.co/FMIo95Y3Th

— Open Outcrier (@OpenOutcrier) March 25, 2024

[KMC-1]

It's going to be a rocky road for a while, that's for sure.

[ErnieBilco]

How can you find a bottom when they have almost 13 BILLION shares left to dilute to try and become a viable business.

Losing almost $3 BILLION in a year isn't very promising..... that's $1.36 lost on each and every one of the 2.3 BILLION SHARES OUTSTANDING.

Doesn't look like this one is going to survive the EV purge that is in process.

[KMC-1]

Down, Down, Down......

[KMC-1]

How to say you can't read a balance sheet, without saying you can't read a balance sheet.

[usaphilippines]

Talking about reverse splits when its almost $3 wow these retail newbies have no basic knowledge.
its intentional stock destruction to reverse split a stock, immediately always causes 30% market cap haircut, its suicide.
clowns

[usaphilippines]

Why would you even be talking about this bullshit until its under $1? clown town

[King Paul II]

I had hoped this would have gone up a long time ago. This may be something to hold on to for a few years before it makes anyone money

[KMC-1]

I see it potentially happening, but I think we'll know more once Gravity comes out. That model has to create a revenue stream or if it doesn't my best guess is that would cause the RS to happen while the Saudi's figure out if they'll infuse more cash to keep this going. I think Gravity will create revenue but not at the levels needed, so unfortunately I do believe we'll see an RS sometime in the next 18 months, probably closer to 12.

My best guess, and unfortunately it means I will lose a lot of money on this.

[Garyedward71]

Are you anticipating a potential reverse split?

[KMC-1]

It's going to continue to drop I think, I'm holding off on any moves for a while until it looks like it's found a bottom.

GLTY

[usaphilippines]

Scaling in here with calls, you gotta think the Saudi's are not just going to let this die after pumping in so much money. Tesla sinking EV stocks but if was on a b.s analysis that probably went short. A buy in 2.80s IMO but I am sticking with September calls, more leveraged for upside. Will double up if it hits 2.60s premiums will come down substantially for 2.5 strike. Hopefully up from here but I am still scaling in. GLTA

[Cat dog]

All Aboard !!! Send It 🆙

[glenn1919]

LCID..........................................https://stockcharts.com/h-sc/ui?s=LCID&p=W&b=5&g=0&id=p86431144783

[Monksdream]

Nanolyze does an excellent job

[KMC-1]

Basically agree with you. I think the model after Gravity should do well if they keep the design concept similar to the first two but get the price into Model Y territory.

The other thing is they need to execute, execute, execute. The slightest delay or quality control problem and they will bleed out and bankrupt. It’s a gamble for sure, I hope they do well.

[Zilidium]

Baby steps is why I am in this. The massive Arizona facility is truly impressive. $50k model on the horizon. Plenty of growth potential. ya, ya, ya they are hemorrhaging money, but it's being invested, and for me, that's smart spending.
Don't lose sight that this is a luxury car, it's not intended for the masses.
HODL'ing

[KMC-1]

When this pops it’s going to explode. Can’t wait. 👍

[bzlegendz]

Lucid Motors Quadruples Its Arizona Manufacturing Plant And CEO Peter Rawlinson Explains Why