Lucid Group Inc (LCID)

[pinkslipjunkie]

Which is 5:30 pm est...right?

[TheFinalCD]

Reminder: #LucidMotors to report fourth quarter and fiscal year 2021 financial results today at 2:30 p.m PT. $LCIDhttps://t.co/NQZFyCLPk9 pic.twitter.com/8gcio0tPDb

— Lucid Motors (@LucidMotors) February 28, 2022

LCID

[Windbag1014]

https://www.bloomberg.com/news/articles/2022-02-28/lucid-signs-deal-for-saudi-ev-plant-first-outside-the-u-s

Lucid Signs Deal for Saudi EV Plant, First Outside the U.S.
Electric vehicle maker signs for site in Saudi west coast
Saudi Arabia aims to develop a hub manufacturing autos
ByKateryna Kadabashy
February 28, 2022, 12:24 AM MST

[Rafa636]

Up almost 8% today. Looks like the market isn't very concerned about the report tonight.

Hopefully we keep the gains and after a good report we move past this downturn of the last few months.

2022 and beyond should be very rewarding to all who have held and averaged down.

GLTA!

[FIREST1]

I wouldn't expect "blowout earnings". I'm sure they ran into snags with the initial productions and deliveries and I'd venture to say they didn't deliver all the vehicles promised by year end. I think the biggest positive will be how many reservations and orders are on the books as well as projections and company progress. They are holding another hiring event, so I'd like to think the reservation numbers will be a strong which is what we need to hit the 2022 goal of 20K vehicles. Updates on over seas progress will also be a catalyst imo. All in all, I expect to see losses especially since they have invested tons of cash into new studios, service facilities etc. Long term is where investors will be huge winners with this company. Just my thoughts.

[Rags2Riches]

With all going on,


I would have to say we are doing well! I strongly believe that those that took advantage of the recent dip will benefit from it. I was fortunate to add some very desired shares at 23.75. To all that are here and held I think we will enjoy the benefits! No doubt the future holds much more for us to enjoy! GLTA GO $LCID$

[Squeejo]

Fingers crossed for a blowout earnings!

[mtorruiso]

Pre market is looking good!

[prosledder]

Good question, between conflict in Ukraine and earnings it’s anyones guess

[Squeejo]

Up or down tomorrow?

[georgejjl]

Orlando Bloom looks over the moon as he picks up his new Lucid Air luxury electric sedan in Beverly Hills... despite it costing up to $169K

https://www.dailymail.co.uk/tvshowbiz/article-10553691/amp/Orlando-Bloom-overjoyed-picks-new-Lucid-Air-luxury-electric-sedan-Beverly-Hills.html

Good luck and GOD bless,

[Rafa636]

Folks, until the crisis in Ukraine is resolved without much more bloodshed, we are going to have these crazy gyrations. The market HATES uncertainty. The world needs to see if Putin wants to retake the Balkans and or continue to threaten NATO countries, Now add to that, we have China threatening Taiwan. Praying that we get some good leadership here and from NATO who need to step it up and protect themselves from this Russian nut!

[Papabless]

The recovery today was awesome to see. wish I loaded more earlier in the day though.

[BJ_Cooper]

I’m encouraged

[mtorruiso]

Back in the green. This is much better that i was expecting when seeing the pre market action with everything going on in the world today.

[BJ_Cooper]

And, we’re back in red.

[BJ_Cooper]

Don’t look now, but we’ve gone green…. For now anyways.

[mtorruiso]

Down over 50% in 5 weeks. This is brutal!

[guitartrader]

Agreed and I will also be buying more here. I think we will climb after the earnings report forward. I think this is fear selling down here.

[Rafa636]

Good luck, the day I sell one share of LCID it would probably rocket to all time highs. Have a very nice amount of shares and will leave them alone for a year or two. If LCID drops below the 20's I will have to buy some more.

[pcjockey]

I have sold gains here, but bought back in. I view it not as a daytrade, but medium to long term hold. Price action usually determines my action.

[Rafa636]

Agree, I have to laugh when reading posts about how any new company's stock price is "going to the moon" quickly. Even when we were trying to go to the moon we lost some lives and had a few bumps in the road. For those who are investors (not day traders) holding LCID for the long-term and buying at the dips will be well rewarded for those who believe in the company.

GLTA!

[pcjockey]

[Squeejo]

Lucid said it initiated the recall. However, it is not aware of any instances of failure in its vehicles so far and expects only 1% of the 203 Air sedans to have the part installed incorrectly.
Looks like we are only talking 2 to 3 cars with actual possible problems. Even at that I’d say it’s relatively easy fix.
IMO it’s great that this was caught quickly.

[pcjockey]

Growing pains. All the manufacturers eventually have recalls.

[Rafa636]

This doesn't look like it is going to affect the stock very much negatively. Down 4% today when the market continues to tank!

[pcjockey]

Lucid Shares Fall More Than 4% After Vehicle Recall
Stock Markets36 minutes ago (Feb 22, 2022 12:47PM ET)
By Sam Boughedda

Investing.com -- Lucid Group Inc (NASDAQ:LCID) (NASDAQ: LCID) plans to recall about 200 high-end EV sedans due to a safety defect that potentially increased the chance of collisions.

Lucid shares fell 4.4% on Tuesday. The EV maker is a potential competitor to Tesla Inc (NASDAQ:TSLA).

Bloomberg reported that the maker of luxury electric vehicles may have installed a piece on the Lucid Air's front strut dampers incorrectly, which was the result of an error from a supplier.

An email sent out to customers, which was seen by Bloomberg said the "condition may result in a sudden loss of ground clearance, vehicle vibration and front brake line damage, increasing the risk of a crash."

Owners of the cars will have the automaker inspect and repair the problem at no extra cost.

Lucid said it initiated the recall. However, it is not aware of any instances of failure in its vehicles so far and expects only 1% of the 203 Air sedans to have the part installed incorrectly.

https://www.investing.com/news/stock-market-news/lucid-shares-fall-more-than-4-after-vehicle-recall-2769420

[powerwalker]

This came across on Fidelity for Lucid. Hopefully, company provides more clarity.

-Street Color: Lucid Motors Recalls 203 Vehicles Due to Safety Defect That May Raise Risk of a Crash
BY MT Newswires
— 12:02 PM ET 02/22/2022
12:02 PM EST, 02/22/2022 (MT Newswires) -- (Street Color news is derived from real time discussions with market professionals globally subscribed to the Street Color Premium Chat service on Bloomberg IB Chat and the ICE IM. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 25.76, Change: -0.83, Percent Change: -3.13

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

[KMC-1]

The "war" won't last very long and any impact it may have on the market is going to be very short lived. This company is going to be a retirement fund for me I think - not a short term flipper so much as an investment. I may drop some money in when it dips here and there for some short term flipping though, but I'm not touching my base money.

[Papabless]

Are we gonna retest 17$? If so I am loading the boat. Once deliveries start pumping out we will definitely moon. If the war starts I could definitely see LCID retesting all time lows. What are your thoughts on this?

[Squeejo]

https://seekingalpha.com/article/4488705-lucid-stock-strong-buy-before-earnings?mailingid=26778715&messageid=2800&serial=26778715.6453&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=26778715.6453

[pcjockey]

Why Lucid Analyst Says Deliveries Miss Isn't A Big Deal Ahead Of Q4 Print

https://www.benzinga.com/analyst-ratings/analyst-color/22/02/25714063/why-lucid-analyst-says-deliveries-miss-isnt-a-big-deal-ahead-of-q4-print

[guitartrader]

We have bounced 4 times off this level on Jan 28th, Feb 8th, Feb 11th and again today. It seems like there is very strong support there. I bought more today at that level again. I don't think this will go lower.

[Squeejo]

I hope that’s bottom

[guitartrader]

When the earnings report hits I predict a launch off this level if it is even still down here.

[pcjockey]

EVs taking it in the shorts today IMO. TSLA is down as well.

[Squeejo]

WTH??

[Dosdos]

https://seekingalpha.com/article/4487770-lucid-ev-stock-buy-before-q4-earnings

[KMC-1]

I'm not sure on the timing of it to be honest - I think what's going to actually hold it back longer than the tech, is the necessary upgrades to the current electrical gride system to be able to deliver that amount of power, that quickly. From my understanding of the current state of the grid - it wouldn't take very many cars pulling juice at that level to start causing rolling blackouts/brownouts especially in the more populated areas.

[Eng62]

Solid state is the future I agree.

[Dosdos]

https://seekingalpha.com/news/3800042-lucid-group-still-has-a-big-backer-in-the-saudi-sovereign-wealth-fund

[uksausage]

thanks for the link, good article - made some money on QS last year but got out and may look for an entry if they are securing the VW deal on a non-exclusive basis.

Will solid batteries be the norm after 2025? How will manufacturers cut over to them for existing models?

Going to be fascinating to watch, whoever times the introduction right could have a great advantage for the lower price EVs needed to really have an impact on emissions

[KMC-1]

It's pretty cool tech. Just wait until the carbon nanotube batteries come out!

[uksausage]

when will that be and how much will they cost?

[KMC-1]

Just wait until the solid state batteries are ready - range of 1000miles and a 5 minute recharge will make EVs the only serious option.

[seventhcircle]

LCID 1 month and 1 day MACD macd just crossed.

[seventhcircle]

wow don't call it a come back up 7%

[mtorruiso]

With as many electric car commercials i saw last night during the super bowl its no doubt EV are taking over.

[pinkslipjunkie]

Really!... I too somewhat made the same mistake last year with A M C... I entered around $14 and rode it all the way up to the $77 high back in June and didn't sell...but I did sell at around $35...so glad I didn't leave all my profits on the table...but the good news is that your entry with Lucid may be the low before a good run back up to who knows...I guess that is what playing long is about...ride the waves in hope there might be a day when you sell in the several of hundreds and I hope it works out for you.

[uksausage]

Agree the stock is a disaster but the company is doing well with cash behind it building up their production to hundreds a week and by second half may be hundreds a day.
At $160,000 per vehicle that’s a lot of cash flow