Lucid Group Inc (LCID) News

Jensen Huang; Jen-Hsun "Jensen" Huang is a Taiwanese and American businessman, electrical engineer, and philanthropist who is the president, co-founder, and chief executive officer of Nvidia. As of January 2025, Forbes estimated Huang's net worth at US$130.5 billion, making him the 9th wealthiest person in the world.

I guess that statistician didn't read Jack Welch's Bio.
John Francis Welch Jr. was an American business executive, chemical engineer, and writer. He was Chairman and CEO of General Electric between 1981 and 2001. When Welch retired from GE, he received a severance payment of $417 million, the largest such payment in business history up to that point.

Or this;
About one-third of the top-performing global CEOs have engineering degrees, which is more than those with MBAs. This trend is likely due to the growing number of technology CEOs and the industry's rapid growth.

Rawlinson was very innovative. He either pissed off someone or decided to step down himself?

https://www.aft.org/press-release/major-teachers-union-urges-top-asset-managers-review-investments-tesla

Good engineers rarely make good CEOs. They tend to want perfection before releasing product for sale. We can see from Teslas recall history, and other products on the market, that the "80% right is good enough" rule prevails, in order to get dollars onto the bottom line.

Rawlinson's GONE! Holy smokes. He's staying on as a consultant.

And I said, I liked Elon Musk's ass hattery. Very healthy for the country to stop Spending. As Senator John Kennedy from Louisiana quoted as saying "Washington's Spending Porn." Without limit. I don't care what is does to Tesla's bottom-line because I don't own Tesla. I own Lucid shares. Tesla stock is not affordable for me. Elon probably isn't too worried about Tesla because he's made his money. Yes, he still owns a major part of Tesla. But he's on a roll.
I'm also loving the rumors about abolishing Property Taxes. Think about it. You and the wife buy a house and pay-off the 30 year mortgage. You die, your wife gets the house, she's 80+ years old and forgets to pay Property taxes. Guess what happens next...? The Gubmint takes her property for back taxes or takes the property from the family for back taxes. And we're okay with that as a nation? Nobody said anything until now? What is the matter with us as a nation? What's that say about us? I say go Elon...you rock. Who pays the teachers, police, firefighters, garbage collectors on and on. We pay enough taxes to the IRS to choke a horse, that's where it comes from.

I wasn't alluding to Tesla buying Lucid. The backlash over Elon's ass hattery is hitting Tesla's sales and profits, so either the board ousts him to distance the brand from his antics, or it continues to decline.

Definitely nice movement today. I'd like to see a Commuter van design. Especially since Lucids battery pack appears to be expandable. My usta place had ICE vans, but during Covid they dropped the vans. Now that they want people to return to work, it's hard to compete for experienced workers who now have to commute themselves. The returning workers need alternatives. The freeways are stressful enough. 

Only issue I see with Tesla buying Lucid. Is Lucid doesn't have a truck design....yet? Rivian has a nice truck. Not as nice as the Ford Lightning. But a smaller truck design. I've always liked Toyota when they first came out with their mini-trucks in the early 90's. God I wanted one of those trucks...!

Remember when Blockbuster didn't buy Netflix? The tide can turn quickly, when investors and customers change their habits.

Sorry, but the Hay Days for EVs is just beginning. NIO 61.95 on January 22, 2021, LCID 58.05 on February 18, 2021, RIVN 179.47 on November 10, 2021. Tesla hit $488 December 2024. Although 2021 was the year of exuberance for sure.

If Rawlinson can follow through on his plan (OEM) manufacturer. Then here's for better times ahead. 😀

I remember back in the heyday of EVs when $LCID traded ~$40! Ohhh, those were the good ole' days!!!

Apparently it was this bit of news that has spiked the stock price. $5 price target for LCID.
https://www.google.com/search?q=DJ+Lucid+Stock+Can+Rise+90%25%2C+Says+New%2C+Lone+Bull+--+Barrons.com&rlz=1C1GCEB_enUS1127US1128&sourceid=chrome&ie=UTF-8&safe=active&ssui=on

I don't disagree. PE = 122, extremely high. However, Tesla has $36.56B in cash. Debt = $13.62B
https://stockanalysis.com/stocks/tsla/statistics/

Compared to other EVs, Tesla's the 800 lb. Gorilla in the EV space.

NIO; https://stockanalysis.com/stocks/nio/statistics/
BYD: https://stockanalysis.com/quote/lon/0HKY/statistics/
RIVN: https://stockanalysis.com/stocks/rivn/statistics/

The stock market is about perception not necessarily all the time about Finances.
Apparently the market liked Peter Rawlinson's comments.

I agree that Tesla management will continue to manage, but let's talk about stock price. Tesla stock trades at insanely meme high P/E, mostly based upon Musk's personality and place at the helm. His distraction may cause the price to plummet, in order for it to be in line with actual profits

Tesla has an impressive Management Team. Elon Musk is definitely a very busy individual. CEO of SpaceX, owner of X, Advisor to President Trump. People either rise to the occasion or let someone else run things. I'm sure Tom Zhu is able to keep things running at Tesla.

Now with Lucid and Rawlinson, you have to like the direction LCID is going. Why compete when you can be an OEM supplier. Like IBM. GE, Westinghouse to name a few. Lucid's Battery and drivetrain technology is "State of the Art." Why would automakers invest $Billions in R&D creating their own unique batteries and drivetrains? The KISS principle is alive and well. Go Peter.

Lucid wants to sell a lot more than just cars
Story by Elijah Nicholson-Messmer • 38m • 3 min read

Lucid Motors is ready to carve out a new path for electric vehicle makers in the industry. CEO Peter Rawlinson envisions a future where only 20% of the company’s business comes from selling cars while the other 80% is focused on licensing its electric vehicle technology to automakers looking to improve and release their EV offerings quickly.
At the BloombergNEF Summit in San Francisco, Rawlinson compared Lucid’s ambitions to Intel’s role in the computing industry. “Just as there’s an Intel inside your laptop, there’s a Lucid inside a Honda or a Toyota,” he said.

Cars as a showroom for Lucid tech
Lucid’s luxury EVs aren’t just meant to be sold, they’re meant to showcase what’s possible with the company’s powertrains. “People think, 'Oh, why didn't you just be a supplier, Peter?' Because we need the cars as a shop window for our product,” Rawlinson said.

The company aims to scale production from about 9,000 cars in 2024 to 1 million per year by the early 2030s. But even at that level, the goal isn’t to flood the market with Lucid-branded vehicles—it’s to demonstrate how efficient and powerful Lucid’s technology can be.

Aston Martin is just the beginning
Lucid’s transition into a technology supplier is already underway. The company signed a $450 million deal with Aston Martin to provide motors, battery tech, and charging components. Under this agreement, Lucid will manufacture parts in Arizona before shipping them to the U.K.

https://www.msn.com/en-us/autos/news/lucid-wants-to-sell-a-lot-more-than-just-cars/ar-AA1yW4r0?ocid=hpmsn&cvid=6a68d16150214f32c73893717dc049f1&ei=68

Wonder who is running Tesla. At least this company has a CEO.

Saw a Lucid "AIR" coming up behind me last night on I-17, driving through the mountains. WOW! what a beautiful looking automobile. The lighting package definitely makes the vehicle stand out. Like a spaceship almost. Quiet, smooth, sleek.

Lucid has been working on an engineering location, outside of Detroit, in a sleepy little town, with low cost of living. American jobs are already in the works, so looks like they have been planning for this administration.

Well, I did my job. I got all you Libtards so spun up it's hilarious to watch how you turn things around to suit your position. Trump killed somebody and then too a dump on a senators desk? I'm hoping it was that worthless POS Schumer another Senator from New York.

Well he reversed  Obamas renaming Mt. McKinely to Denali then renamed it back to McKinely...and then he renamed the Gulf of Mexico. priorities priorities. Are we great yet??

Tell me what Trump has done to harm you?

President Trump approved $8.4 trillion of new ten-year borrowing during his full term in office, or $4.8 trillion excluding the CARES Act and other COVID relief.

https://www.crfb.org/papers/trump-and-biden-national-debt

Trump Strikes a Deal
Feb. 29, 2020 — U.S. and Taliban sign an agreement that sets the terms for a U.S. withdrawal from Afghanistan by May 1, 2021, but do not release two classified annexes that set the conditions for U.S. withdrawal. At the time of the agreement, the U.S. had about 13,000 troops in Afghanistan, according to a Department of Defense inspector general report.

https://www.factcheck.org/2021/08/timeline-of-u-s-withdrawal-from-afghanistan/

Friggin id, read the newspaper, oh wait that's right you obviously can't read or turn on the television. Countries are flocking to the USA to invest. Oh wait, you're on an investment chat room. So obviously you're ill informed. Tell me what Trump has done to harm you? Did he leave $85B worth of military equipment to the Taliban? 

Trump has done more for this nation in one week than Biden or any other leader has in their first week in office.

Can you please quanitfy that? I would give you that nobody died or took a shit on a senators desk or that there was no assault on our democracy but sure, what has he done specifically in the first week?

Funny, I didn't hear your political speech criticizing Biden or Kamala.

I was terrified by Biden and a second term. I don't know his mental state at this point but it didn't look good from what I was seeing.

You mean besides this?

Full of myself? Selfless was the main point of my post. Not sure where you get that.

"even though he was gay"? Did Jesus tell you that? You let me know when I can decide who you or I should love. Why would I care? Why does it matter unless you have some sort of prejudice? What percentage of white/red/yellow/gay is allowed by you? I am not a christian. Am I not governed by the same rule? Does the rule of England still dictate what religion I am allowed to follow? Isn't that why there is an America? Even though... I don't need your approval.

Conquer you said? Can you develop that further? I don't recall saying anything about that.

Trump and Biden and any other "leader" that feels the need to throw down edicts and single person laws that undermine the voice of the people is a dictator and has nothing to with what the democracy that our founding fathers have put into place. They would cringe at pardons and a singular rule of government that lets a single "king" dictate law to the governed. Is he the king or an elected member of the executive branch? We are about to see what a dictator is allowed compared to what we the people allow. Your prejudice and fears are fine in the confines of your home where fox news drowns out reason and freedom. My neighbors and I will not allow it in my community.

And in all of our conversation, how does any of this have to do with Lucid? How do you see dumb ass and musk adding to the stock price of Lucid?

Man.. you are so full of yourself. Glad you brought up Theodore "Teddy" Roosevelt. I don't begrudge him at all, even though he was Gay and came from a very rich family. "Bully" he used to say. Spoke his mind...hmmm? Trump comes from a rich family, he speaks his mind also. Funny, I didn't hear your political speech criticizing Biden or Kamala. Conquer you said? Hmmm? Trump has done more for this nation in one week than Biden or any other leader has in their first week in office. So, go pound sand. 

I have zero disdain for our country.

“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
Theodore Roosevelt

I would suggest you read about the great republican Theodore Roosevelt. He was a good man who did things selflessly and for the love of his country.

He may be. I hope so if he is going to lead my country.

Your libtard comment, although childish and unhelpful, is a great example of why politics in the US is in the state it is today. There seems to be a need to belong to the blue cult or the red cult. I do my best to look out for what is best for my family, and my neighbors. I don't vote blindly based on the party line. I try to vote for the best available person that I believe will get things done. Do you know that I didn't vote for Trump? I was terrified by Biden and a second term. I don't know his mental state at this point but it didn't look good from what I was seeing. My hope is that some day we can get rid of left/right thinking and do what is best for us now as well as generations to come. We were mostly given that by those before us. Are we as selfless as them?

You assume because I am not a fan of our current president that I can be pigeon holed into one of the two boxes fox news has presented for you?

Back to Lucid and doing business in America. Is it a good thing to give up the free market system that has worked for so long and built our country into the powerhouse it is today for isolationism and tariffs? Is the invisible hand dead? Do we no longer need an efficient market that seeks to reward the best of us? Was Ayn Rand wrong? Fascism and communism don't work. I want what I think is best for my country. I vote for the person, not the party, that I think can best achieve that. We have four years to see what he can do. I am hoping for all our sakes that he/they make the right choices and don't get in the way of free markets and hard working people.

Being respectful is a worthy goal. Give it a shot.

You know? If you and the other Bozo have such a disdain for our nation. Then why don't you both move somewhere else and see how things work out for you? 

He sounds a lot smarter than you do, libtard. 

Offer an incentive for trading in a Tesla. Offload those junky cars to the secondary market.

Just remember "Politics" ... Poli is many and tics are blood sucking parasites. So therefore ...

Well said.

Companies will change their tactics and business models, in order to align with the direction of whichever party holds the majority.

The portfolios held by members of Congress have historically outperformed the best money managers on Wall Street. It would be foolish for big business to swim against the current.

The expression, "You can't fight the FED" exists for a reason. You can't fight against regulation, or in the case of this administration, deregulation, so watch where the big money flows and pay attention to where the winds of regulation blow, and invest accordingly.

Money is in the business of making more money, and they don't really care who is in office. That is for the proletariat to worry about.

What? Are we talking about Donald Trump the current president?

He's a very sharp business man.
How many failed businesses is he up to? What bankruptcy is he on?

Grew up tough.
Boarding schools, Wharton? Tough?

Had a tough Dad who imparted his values.
But most importantly, a dad who imparted his money.

People aren't squirming, they're cringing. He grew up rich with every advantage. He has never had to pay for his multiple mistakes. He is the definition of spoiled and entitled.

Tit for a Tat. I call them as I see them. I happen to like President Trump. Pompous, arrogant, it's all a show. He's a very sharp business man. Grew up tough. Had a tough Dad who imparted his values. Trump may be "off key" but I understand him. He throws people off, he says some strange things, which I enjoy watching people squirm. The medias punching bag. He takes a hit and it doesn't phase him one bit. I like that.

I absolutely don't like any politicians.

You called me a douchebag. How respectful is that?

Is there something wrong with being respectful? Did I call Joe Biden or Kamala Harris any names? Unless you absolutely don't like any politicians?

Up 30%. That's just super nut-munch.
59? 61? What's 2% among friends? Would you prefer a shit ton?
Why are you so touchy about Trump? He's just a guy.

Actually douchebag, the Saudis own 61% of Lucid. As far as your cumquat crack, since Trump took over my Retirement account has increased 30%

Lucid needs to increase resources toward development of the lower cost sedan for the average commuter.

Yes.

The orange one will be visiting Saudis soon and will be trying to get them to invest 1 Trillion in U.S. As of August 2024 they had invested 6.4 Billion in Lucid, so I see room for more money coming.

The Saudis export money instead of oil these days. I believe it has replaced oil as their bargaining chip. It is symbiotic and works as long as we turn the blind eye. I think the relationship also depends on us having the same enemies.

Saudis are playing the long game.

The orange one will be visiting Saudis soon and will be trying to get them to invest 1 Trillion in U.S. As of August 2024 they had invested 6.4 Billion in Lucid, so I see room for more money coming.

Lucid needs to increase resources toward development of the lower cost sedan for the average commuter.

The Saudis own 59.07% of Lucid. They are increasing their presence in Europe and the Middle East. Do they need to bargain with Musk and Trump? They were fortunate enough to get ahead of the crazy. Many other companies and countries have shifted and are shifting their business models to avoid the idiocy that comes with tariffs and whatever other schizophrenic policies the cumquat in charge dreams up. Isolationism and tariffs have never worked before. I don't see a reason it will work today.

Saudis are already majority shareholders. If you believe what is being advertised, it seems we don't need their oil anymore, so what is their bargaining chip?

By hooking up with Saudi Arabia?