Lucid Group Inc (LCID)

[uksausage]

seeing it beat the Ducati was awesome.

shows how much programming goes into different power to each axle - keeping it from doing "wheelies"
Not sure it really means anything but a status symbol to be fastest production vehicle (0-60, 1/4 mile)

[JMMatthews]

Wow super awesome video, what a dream car! Watching this company, looking for a bottom, would love to see it succeed

LCID $$$

[BearRickPunch]

Why Elon the douche canoe is afraid of Lucid.

[staynafloat]

Well best of luck on that analyses :)

[KMC-1]

Someone who thinks it could go a lot lower and possibly do an RS?

[staynafloat]

LOL ... who starts a short position on a stock that's already trading at 52 week lows

[double_m]

Saudis won't let him come near that company!

[BearRickPunch]

For all we know, he could buy Lucid and add it as a luxury brand for Tesla. Like Cadillac for GM or Lincoln for Ford. We'll see, but he obviously feels threatened by the company.

[BearRickPunch]

Well, tbh, the entire EV sector has taken a massive shit. Rivian, NIO, Tesla, Lucid and others are just getting destroyed atm.

[KMC-1]

It looks like we're going to blow right through the 7's and be into the 6's very quickly. I have to admit, I really want to know what Elon knows that we don't, because he's obviously onto something. May need to start a short position here soon to try to come out with any skin.

[02opida]

OSAKA, Japan and NEWARK, Calif., Dec. 13, 2022 /PRNewswire/ -- Panasonic Energy Co., Ltd., a Panasonic Group company, and Lucid Group, Inc (NASDAQ: LCID) today announced they have entered into multi-year agreements to supply batteries for Lucid's award-winning luxury electric vehicle, Lucid Air, the fastest-charging, longest range EV on the market, and Lucid's upcoming Gravity SUV. The agreement marks another milestone in Panasonic's plans to expand production of lithium-ion EV batteries beyond Japan and into the U.S. with production coming from both a facility in Japan, as well as expected future production from its recently announced battery production facility in De Soto, Kansas.

"Panasonic is a fantastic partner with both innovative technology and depth of experience," said Peter Rawlinson, Lucid's CEO and CTO. "This agreement will help us meet the growing demand for lithium-ion batteries as we continue to ramp production of the full Lucid Air line-up in 2023 and expect to begin production of our Gravity SUV in 2024."

[KMC-1]

In my opinion it's definitely going to go sub-$5.00, I don't know if it will go under a dollar - I wonder if they'll need to do an RS to stay listed soon. They never should have entered that $8 BILLION dilution - that really shook the market.

[KMC-1]

Agreed. What he did is very wrong, now the problem is, what does he know that we don't?

[BearRickPunch]

Yah, much different from Lordstown. Sure Lucid doesn't look great at the moment, but I still do think that this is on a precedent to grab a big share of the market once production projections can be met.

I mean, the idiot Musk is showing his fear with Lucid because he knows they are definitely a better brand with a better team of people behind it. We will see, but this definitely won't get better until they start making deliveries and meeting projections.

[double_m]

Double up at 5. Why the hell not!!! $LCID hates me!

[uksausage]

not really

they have over 1000 cars waiting to get to their buyers at the moment.

logistics sucks

Lordstown only now making their first few dozen production vehicles

[Garyedward71]

This is Lordstown all over again!

[BearRickPunch]

Some speculation that this could go penny stock again into the 5's. I'm trying to decide if I should get in a position at that price point.

[BearRickPunch]

It's what he does. His words manipulate the market every time. Crypto, stocks, this piece of shit does it to all his benefit.

[double_m]

Musk should be investigated by the SEC! He didn't make any comments about, let's say, SOLO. He chose to make it about his relatively closest competitor! Unacceptable!!!

[KMC-1]

Into the 7's by the end of this week?

[02opida]

Sunday Hi LCID'ers

[KMC-1]

That was announced back on 11.18?

The overall economy is slowing into a full blown recession, and it's going to take a lot of companies with it. This one will drop significantly more for the next 2 years while we muddle through it. Hopefully we'll get a new Administration with more business friendly policies this next time up, but judging by the mid-terms it seems like we've got a long way to drop and another 6 or more years to go before folks will want something different.

[02opida]

Recent Trades - Last 10 of 16926
Time ET Ex Price Change Volume
10:58:07 Q 8.725 0.115 1
10:58:06 Q 8.73 0.12 50
10:58:04 Q 8.725 0.115 5
10:57:57 Q 8.725 0.115 103
10:57:56 Q 8.72 0.11 100
10:57:56 Q 8.72 0.11 1
10:57:56 Q 8.72 0.11 500
10:57:56 Q 8.72 0.11 14
10:57:56 Q 8.72 0.11 20
10:57:56 Q 8.72 0.11 14

[02opida]

morning LCID

[02opida]

today announced the official opening of its first Studio location in the state of Texas.

[wiredawg]

Yep, RIDE (Lordstown) Steve Burns, like that fraud Trevor Milton from Nikola should be in jail. I don't think that of Peter Rawlinson of LCID. But as I said, it's already an uphill battle and more and more road bumps are getting in the way. Now that LCID is well into single digit territory the share structure will not improve anytime soon, actually it will be diluted even more. I think restructuring will eventually happen...when no idea...I don't wish it...in any case, I'll most likely just hold onto this until the tax loss is forced on me. So, there's just a glimmer of hope. Yes, HOPE, cause that's all I got for a bullish argument. LOL

[Garyedward71]

Hey, where do I remember you from, oh now I remember. It was ride board. Can you even believe this, down down it goes. Jeez ride is looking better and better everyday. How low do you think it'll sink? More than a couple of analysts are predicting that management plans to dump the shares and restructure. Thinking about getting in, but when, my hopes are that it'll not go lower than $6.50. Loading up on NWBO as of now big ASM event on Dec. 30.

[wiredawg]

If those would be buyers think recession is looming not this current one that is constantly argued over. Then I don't see those buyers rushing to get their hands on this luxury vehicle. Unfortunately, LCID has not only an uphill battle but many road bumps along the way. I'm taking a beating on this one down over 60%, but not going to tax harvest. Nor will I buy more to average down either, even at sub $5 prices. Feeling Humbug. LOL

[KMC-1]

Lol, meh. It’ll come back, give it 2 years or so.

[double_m]

Why does Lucid hate me so much?

[KMC-1]

It is exciting to see them expanding the factory and working the plan - They shook a lot of retail investors with that huge $8B potential dilution. If it weren't for that, I think the stock would be more than double where it is now, simply because they are working the plan and not just talking BS like so many other companies.

I do agree with your second point - and if those cars are piling up because they aren't SELLING cars - that could be a real problem. Hopefully it's just a logistic hiccup or possibly a supply chain issue (chips?) and not a demand issue.

[uksausage]

well the huge expansion of the factory is getting close to being fully constructed - no idea how far along the inside fitting out is but I would say by Q2 they should have the full factory up and running.

If they need the revenues/cash why aren't they shipping the cars they have manufactured? Sitting in parking lots and waste ground at the factory is just "inventory" .

[KMC-1]

It’s more than a delivery issue, it’s really not that many cars when you think about it. They’ll struggle with supply and logistics of course - they are a startup after all. But the real issue is they need to start creating some real revenue and growth - with the amount of money they’re burning each quarter they can’t afford to mess around with low volume production.

[uksausage]

have you seen their current production. finding it hard to park cars ready for delivery at the factory - they need the rail link in ASAP. c 1000 cars look ready for delivery @bearsworkshop

[KMC-1]

I think it's going to go sub-$5.00 for a while until they get this question mark of massive dilution figured out and have production capacity ramped up to improve the revenue generation side of things. Ultimately this company is going to be a fantastic investment (IMO) but growing pains will drag it down for a while (again, IMO).

[Dutch4]

Think it will go that low?

[KMC-1]

Yeah, agreed. But when this gets down to around $3.00 or so I'm going into it with everything I have - Either will die a pauper or I will retire without a care in the world.

[TomSawyer]

You did call it correctly. Bummer it's this low though.

[KMC-1]

Into the single digits!

[retiredtech]

Everybody loses money on this POS.

[retiredtech]

Garbage IN, Garbage OUT. This is NEVER going to make it unless they acquire reliable software engineers.

[retiredtech]

Re: "perfect time to add more shares." You mean add more dilution don't you? T/A DOES NOT apply to this stock.

[KMC-1]

This is why the big automakers put millions of test miles on new models before they ever get brought to market. It can't be expected that startup companies can do that very well, especially at the pace of a company like Lucid who's time-to-market has been frankly, incredible.
The real issue with this is that they are diagnosing the problems, fixing them, and standing behind the product. IF they do that, and get some beta miles under their belts so the models continue to improve and become bulletproof, it's just a bump in the road (so to speak) and will only mean this is the perfect time to add more shares.

[wiredawg]

Shares of luxury electric vehicle (EV) maker Lucid Group (NASDAQ: LCID) turned into a one-car pileup Monday morning, falling 8% through 10:30 a.m. ET after Barron's reported over the weekend on apparent defects in the cars that owners say can turn the $150,000 EV into a "5,000 pound brick." Barron's cites "dozens of complaints" about Lucid's marquee Lucid Air luxury electric sedan -- which may not sound like a lot, but for a company that's only sold 2,500 units so far, even just a few dozen complaints would imply a 1% failure rate.According to the reports, Lucid Air may be prone to software bugs in its display screens, driving forward when put in reverse, or even losing power entirely in the middle of the road. Lucid has apparently been replacing faulty car components as complaints are made -- everything from bad electrical components to entire batteries. Details are scanty, however, and mostly apocryphal from "self-described" (but unconfirmed) owners. Unfortunately, it's hard to confirm the veracity of these complaints, and Lucid is not commenting either way. Continue reading Read more on "MotleyFool"

https://markets.businessinsider.com/news/stocks/why-lucid-group-stock-crashed-8percent-this-morning-11928050

[BearRickPunch]

Yeeesh. Shareholders are seriously taking a beating here.

[KMC-1]

That, and massive dilution as well.
I don't think anyone ever expected an $8B potential dilution at this stage of the game, that was unexpected at best.

[retiredtech]

Pretty damn sick how shorts can ruin a stock.

[KMC-1]

Here come the single digits. We’ll be at $1.50 in 4 months at this rate.

[02opida]

NEWARK, Calif., Nov. 18, 2022 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced the official opening of its first Studio location in the state of Texas. This Studio opening marks 29 Lucid Studio and service center locations open in North America and 32 globally, including the recent opening in Geneva, Switzerland. The Lucid Studio at Legacy West will be open to the public starting Saturday, November 19.