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$LCID... The “Green Energy Revolution” is Creating Massive Global Demand for Lithium — its Most Precious Commodity
Unfortunately, 80% of the World’s Lithium Market is Currently Controlled by Communist China.
Hemp for Victory 1942
This would be an excellent move for $LCID...
The waste fibres from hemp crops can be transformed into high-performance energy storage devices, scientists say.
They "cooked" cannabis bark into carbon nanosheets and built supercapacitors "on a par with or better than graphene" - the industry gold standard.
https://www.bbc.com/news/science-environment-28770876
When this takes off it's going to be a pretty impressive run.
Added some more today.
I agree KMC-1 :)
They're using the same model Tesla took when they started. Establish the brand with luxury, high performance vehicles. Build the reputation and the impression of being sophisticated and high end - while using that profitable revenue to finance the expansion of the future product lines.
I just saw a video today of the Tesla Semi - that's going to be pretty amazing.
No where but up for future EVs, and just wait until we see the ripple effect this business is going to have on our lives in regards to future battery tech.
IMO I think they are focusing too much on luxury cars and that is hurting the business and stock. Luxury is low-volume, low-sales, low GP.
If they can produce a $30K EV w/500+ range (now, not in 3-5 years) for mass-consumers... their sales would fly. IMO the stock would get to $200-$400+ as ONLY THEN... they would be taking Tesla's real bread & butter.... volume/sales/profits.
Same. I'll watch for a little while and see if it's found a bottom. I feel like there's just some excitement in the market for EVs for a few days, then things will go back to the slide - but I could be wrong!
I don’t know. I will add more if it dips again
It's nice to see a bounce on a Friday...you may have been right!
In case I miss Happy Hour, in reply to your question, no, I sold ZEV and all my EV long ago. Took small losses, which would have turned into large losses had I held. And here I thought EV was the future. Should have just held all my small cap oil stocks I scooped up on the cheap around two years ago.
Tired of being whipped around by actually believing headlines and analysts. Those days are d-o-n-e.
GL with everything.
Lucid is included. Just found this article from today about the best EV Auto Investments. They really slam some.
https://evautoinsider.com/ev-auto-investments-the-good-terrible-and-amazing/ ;
I'm going to give it a few days to shake out before I dip back in.
Totally agree, I watched NIO go to .50 and now look where it is. I watched Tesla go to $50 and now look where it is. Rivian is backed by Bezos, I think that's another good option in the long run too even though it's getting hit hard now too. The only one I don't really like (and I'm in it deep unfortuantely) is Lordstown - but hopefully they'll pull a rabbit out in a year or two as well.
Personally I see Lucid as a retirement investment.
Agree but never thought it would be at this low level. In the long run we will be at 58 or more.
Same for me. I'm using this time to average down, right now I'm holding back the next tranche while it's looking for a bottom.
I'll just buy more and more. This is a long hold for me..
Full collapse.
I wouldn't be surprised to see this go under $3.00 soon.
Let's go Brandon!
$LCID...CELLAR BOXING SERIES is a MUST READ for all new investors!!!
PART 1 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52672689
PART 2 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52664836
PART 3 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52664935
Yeah, I bet this goes a lot lower yet too. The Biden economy is settling into the new normal now, interest rates are ticking up, the free money avalanche has come to an end. Now it's going to be a slug fest to get these cars to market in decent numbers and begin manufacturing the next couple models. Just keep adding a little here and there - in the next 5 years or so this will be worth something.
Wow $16s. Big swing from being over $50 a few months ago. SMH
Those ratings are garbage and change at the whim of a "journalist" who almost never has any skin in the game - don't use them.
We know this is going to keep dropping now until we see something exciting coming - use this time to average down.
https://www.benzinga.com/quote/LCID/analyst-ratings
Citi still has buy rating for lucid
Yep, vile leeches pray on startups and new IPO companies to try and suck up settlement money for any stupid reason.
When these leeches have to use the word "alleged" over and over, you know they will lose.
Also, I hope Lucid countersues.
This is BS. They are dirt bag attorneys suing numerous ev companys. I believe rivian too.
LUCID is mentioned in the article: SAUDI ARABIA FINDS ITS WAY INTO THE ELECTRIC VEHICLE MARKET
https://www.breitbart.com/middle-east/2022/05/06/saudi-arabia-finds-way-electric-vehicle-market/
It is alleged the Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about Lucid’s business and operations. Specifically, it has been alleged that Lucid overstated its production capabilities while concealing that “extraordinary supply chain and logistics challenges” were hampering Lucid’s operations from at least November 15, 2021, and that as a result of the Defendants’ wrongful acts and omissions, shareholders and the company have suffered significant damage.
Current Lucid shareholders who have held shares of the Company’s stock since November 15, 2021, can seek corporate reforms and potentially a court approved incentive award if appropriate.
Unlike a class action, brought on behalf of damaged investors, a shareholder derivative action is an action brought by a shareholder of a public company on behalf of and for the benefit of the company itself against the directors and/or officers of that company. In a derivative action, shareholders “step into the shoes” of the directors and officers of a company and bring litigation that the board would be unwilling to pursue on its own.
https://stockhouse.com/news/press-releases/2022/05/06/grabar-law-office-investigates-potential-shareholder-action-on-behalf-of-current
https://grabarlaw.com/the-latest/lucid-investigation/
I did own shares. Bought in in September and October and sold in March when the cut in production was announced. I was up over 100% at one point but held too long. Love the car and concept but it would seem they got way over their skis. I am looking to get back in at some point, just waiting for the production and revenue to catch up to their price.
Tough day today, but expected with a low revenue report on the quarterly.
Well said.
On the flip side, this video came out. Look how many designers they have... insane.
Not saying it wasn't in his contract. Aligning interests is normally a good thing. The price may have never got to those levels if the production numbers were lowered by 40% earlier in the process. My question is when was this known? A CEO/founder should get paid based on the success of a company. Share price is subjective and does not always reflect the actual health of the company. Worse, it can be influenced by timing and magnitude of disclosures by management.
It's not like he sold or dumped his shares. These are award payments for reaching a specific profit level. No doubt once Lucid hit's the same mark again in the future that he'll get another award payment. People are making a stink over something that was probably in his contract. I'm just saying, it's not like the share structure just got diluted or he sold his shares to make a profit before it tanked. It doesn't look great and I'm in agreement with that, but when does a CEO getting paid with the pps tanking ever look good?
Who at Lucid has the most influence over the share price? Projections for deliveries were pretty enthusiastic compared to reality. How early on did the CEO know there would be problems with the supply chain. Lots of incentive for him to keep quiet as the share price rose and his pockets filled.
Might be totally legit but optics don't look so good. Price peaked at $55.52 in mid November. $19.40 today. $260 million. Lots of incentive for the guy to push the price.
https://www.cnbc.com/2022/02/28/lucid-slashes-2022-vehicle-production-forecast.html
https://autobizz.in/lucid-motors-ceo-was-awarded-260-million-right-before-shares-plunged-by-67/
What's messed up about it? It's under his contract that if the share price reaches a certain point, he gets awarded by it?
Yeah, I was surprised to see it was still under $20 too with such great news. The supply chain issue seems to be holding this stock back from having a huge bullish position.
Yup. This is great news however it really didn't move the needle much. Announcing contracts like this aren't much until you can prove you delivered 100,000 vehicles. I'm still in huge belief that this will eventually pay off in the long run. It's just a question of if you want to wait that long because this isn't going to happen overnight.
We’ll see. Was under $20 all day today with good news out of Saudi Arabia.
I like seeing they're looking at a 10 year horizon, this stock is going to change people's lives. I just keep adding as I can and using these low prices to average down. I'm excited to see these start to really go into full production.
The purchases will include vehicles built at Lucid’s existing factory in Arizona as well as a new factory it plans to build in Saudi Arabia, and will be a mix of Air sedans and upcoming new models.
$LCID up to 100,000 vehicle order from Saudi Government
https://www.cnbc.com/2022/04/26/lucid-to-deliver-up-to-100000-evs-to-saudi-arabia-government.html
$LCID Luxury EV maker Lucid scores order from Saudi government for up to 100,000 vehicles
https://www.cnbc.com/2022/04/26/lucid-to-deliver-up-to-100000-evs-to-saudi-arabia-government.html
That's very true.
They still need to be able to make them. Demand doesn't seem to be a problem. They won't get paid if they can't produce them.
Yeah, those guys should be covering shortly because this won't be heading down for too much longer, just my thought.
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