Lucid Group Inc (LCID)

[KMC-1]

Don't blame ya.

Could be a good flipper ticker if it's played right but yep we're years away from anything going boom.

[BearRickPunch]

I'm out. I sold my position today. This is an unfortunate loser for me as I've lost a bit of money on this one. LCID will either be bankrupt or it's going to take 5-7 years before it's even profitable. Good luck everyone.

[BearRickPunch]

Is this the new that seriously sent this up 20%?

[Anite]

https://www.alcircle.com/news/lucid-motors-strikes-a-3-year-deal-with-mrc-for-high-quality-aluminium-sheets-105751

[dealerschool2006]

If LCID is to R/S then the shorts will come back in droves and pps will dive...not a good thing...

[double_m]

That's the playbook used on M*LN over and over again with the help of the dirtbag CEO. The difference here is Lucid doesn't have a ton of toxic lenders on the books. The Saudi PIF is the majority owner and will protect their investment at all costs. They just opened a plant late last year in SA that'll pump out 5,000 p/yr now and over 150K in a couple of years when it's fully up and running. They won't have to burn thru all that cash in the US to build cars so they can sit on a lot. They can just send the kits to SA for assembly and sale there. I spent quite a few years in the region and saw the influence of the Saudi playboys. They love luxury toys. Car sales will skyrocket there and the surrounding countries (Bahrain, Qatar, UAE, Abu Dhabi, Kuwait, Oman, Fujarah, etc.). It makes sense to do an RS sooner rather then later with catalists on the horizon.

[dealerschool2006]

Maybe the shorting of LCID began on 01/27/23 again 06/05/23 and more recently 12/14 and 12/15 2023...those were high volume days...why would there be a need for R/S that would be unwise...shorts will cover eventually and send pps back up...according to reviews Lucid motors are top notch EVs...

[KMC-1]

I agree. The Gravity has the potential to turn this back in the right direction, and the timeline for the next model (the Model Y competitor) should be coming out with more definitive timeline sometime by Summer I would guess. Fingers crossed, I’d love to see this company make it.

[double_m]

I'm watching for a new entry point, but not sure right now what to expect. The talk of an RS has me reluctant to chance it.

2023 annual meeting was held on 24April and 2022's was on 9June, and financials will come out during conference call on 21Feb. I don't think it's unreasonable to stand put until at least when they drop the PRE14A or DEF14A so we can see what proposals they come up with.

[Monksdream]

I think a reverse split is a good possibility
More institutional money is heading for the exits
Retail will be the bagholders

[KMC-1]

We blew right through the $3's - and it didn't take long either!
I'm watching for a new entry point, but not sure right now what to expect. The talk of an RS has me reluctant to chance it.

[KMC-1]

I really - REALLY - hope you are wrong. Sigh.

[Monksdream]

LCID new 52 week low

[double_m]

Outstanding Shares 2,289,429,227 as of 11/01/2023. RS request already being drafted. Just a matter of what date they decide to put it out for vote.

[KMC-1]

Won't play, can you post a link?

[KMC-1]

I really hope they don’t RS, that would be catastrophic.

[bunda]

250. same

[Legend431]

You are talking about desperate on NWBO. How about your picks here and TLRY. Couldn’t be more wrong. 🤡🤡

[Zilidium]

Does anyone remember when TSLA was under $3.00?

[jdheart101]

I am happy to say your my first iggy , congratulations

[Legend431]

Haha. You can’t predict anything right.

What happened to $5 TLRY last week??

🤡🤡

[bunda]

going to 2.50

[Monksdream]

LCID new 52 week low

[jdheart101]

Bottom

[tusambolo]

Agree and a R/S will be needed.

[Monksdream]

LCID new 52 week low

[KMC-1]

He sure did make out pretty good on that deal didn't he?
I'm excited to see where this goes by the end of Summer - When Gravity comes out, then they'll introduce the next model for the following year or so - this should really be interesting to watch. I'm hoping they'll be able to reduce the price on the Gravity a little - I think $10k lower and they have a real hit product there. In the meantime, I think this will just continue to drop lower, I wouldn't be surprised if we break into the $1.50ish range at some point later this Spring.

[BearRickPunch]

Seriously. I was sold on this dam company. What a bleeping shit company. Fortune for the CEO while longs suffer.

[Monksdream]

LCID new 52 week low

[KMC-1]

Agreed. They are fully embracing it for sure. I personally wouldn't pay top tier money for a Kia, Hyundai or Genesis as the low quality and very poor customer service has turned me off from them after owning for a while, but at the lower entry points I would seriously consider them. I think this sales performance of the EV9 shows Gravity is poised to be a success if they can get it to market before they run out of cash - EV9 is competing directly with the Telluride and is actually more expensive - and it's doing well.

[BearRickPunch]

Kia is eventually going to be the next big EV manufacturer here with competitive models to boot along with Genesis and Hyundai.

[KMC-1]

Kia EV9 sales reached 1,113 in the US last month - that's approaching full quarters of sales for the Air Sedan and these are the very first models that are being made in South Korea. When Kia moves the manufacturing to the plant in Georgia, the EV9 will qualify for the $7500 tax credit making it even more attractive.

[KMC-1]

Things could always be worse...🤡

[BottomBounce]

Prediction: Electric car owners are going to be experiencing some extreme buyer's remorse in the years ahead.pic.twitter.com/hDHVfIHhTf

— Wide Awake Media (@wideawake_media) December 16, 2023

$LCID

[KMC-1]

I have no idea what you're trying to explain. COVID? Smack Down?

Just not following.

[Zilidium]

Mindless, ergo no reason. COVID put the smack down on this company. Don’t buy the stock, buy the company.

[KMC-1]

Panic selling? Is there some news I haven't seen yet to cause a panic? What are you referring too???

[Zilidium]

People mindlessly panic selling. HODL!

[TucsonPhil]

A lot of momentum today. This may just keep edging up toward 6 on Friday. After Thursday's action, shorts should not attempt to brave the weekend.

[BearRickPunch]

based on what?

[KMC-1]

I'm really looking forward to getting into the low $3s... $2s would be amazing if it's not done through dilution.

I think they will need to dilute but not until 2025, they are very strong cash position at the moment, and are on the verge of creating more revenue soon.

[stocky101]

This little pump today is going to send this stock down below $4

[stocky101]

Only dilution can save lucid…..

[KMC-1]

Pricing is definitely a concern, look at how Tesla's volume increased when they brought out Model 3 and Model Y - product-wise Model Y is killing it - just proving the need in the market for 6+ passenger seating and a vehicle that is roomy for the Driver and Co-pilot, has decent range and room for stuff.
I'd say Gravity could be a good mover for them - if they can execute it properly - you notice how quickly the fan-fare died down about it after the formal introduction last month? They have great tech but really all everyone cares about is range, room, driving experience..... and price. I hope Lucid is paying attention. If they reduce the price $10k and then with the tax credit - they could really be in striking distance of Model Y and the EV9. If they keep it where it is, it may not move very well.

[double_m]

Read your comment and thought I would drop my 2 cents.
I was in and out of Lucid back when it ran up and down to $40. You're right about the product being exceptional. Their initial roll-out was a beautilful thing. They did it right!!! I got out at a loss because my main concern was the price of the vehicles and supply chain issues during the pandemic forcing them to reassess their production goals, and customers got frustrated over their failure to deliver. It was still relatively early in the EV market evolution and they found themselves tailored to a specific demographic. We all kept saying the same thing - they have to make a cheapter model to attract a more diverse group of customers. I'm no genius but I still believe they should've started out with a cheaper 'base model' to rival Tesla before phasing in the Air and follow-on models. GLTY.

[Zilidium]

The bigger question is who will be replacing her?

[KMC-1]

Guess we WILL be hitting $0.50 here soon. Damn.

Beautiful cars, it's a shame.

[rolvram]

CFO just resigned

[KMC-1]

Yep, up over the last 3 years in legacy, and military-industrial complex related goods and yet running on a platform of "being green".

So while the EV sector is in contraction, and energy costs are through the roof, along with environmental impacts that are becoming more and more obvious, we see old legacy and military sectors booming.

I guess that's something to be proud of.

[Windbag1014]

The S&P 500 is up almost 32% over the last 3 years. That's 9.65% annualized. Presidents don't make idiots. Idiots make idiots.