Lucid Group Inc (LCID) News

Further retreat, as tech markets are experiencing pullback this week. Long-term will be up. Waiting for next release, hopefully showing more Saudi share acquisition. This is a short squeeze waiting for a player.

I was a happy flipper this week. Until yesterday lol. I have a fair amount as a long hold as well. Just a bump in the road imo.

What is the concensus this morning? Bounce today? Or further collapse?

The electric vehicle, and green/renewable energy economy future is in jeopardy with a climate-change-doubting administration. Subsidies will be cut as first order of business.

Oh, where did the happy days go?!😒

What did I miss? What happened today?

i might regret those covered calls i wrote for next friday at $5

lcid was wild today

Basing. Buy vwap $4.03

Now let’s bring back the days of February 2021, $58/share and let’s go up from there.
I know, I know, “patience lil grasshopper.”
It will be. Been with them since $cciv days.

barring BK, the bottom is in for LCID

Defying Gravity, pun intended.

Happy days are here again :)

Ah “Liechtenstein” forgot about it. Quite an amazing route

They drove through 9 countries. Here is one article stating the countries.
https://gomechanic.in/blog/lucid-air/

I believe it was eight countries. Regardless, very impressive.
You can see the animated video of the journey here:

shame they don't tell you the 9 countries in 567 miles they went “through”.

https://eletric-vehicles.com/lucid/lucid-drives-912-km-through-9-countries-on-a-single-charge-breaking-guinness-record/

Junk or huge potential? .......Thanks!!!

Is this due to the tariffs on Chinese EVs?

LCID 10Q due 5/6
T+1 settlement begins 5/28

Yes, I would love to see a positive earning report, let’s go Lucid! They make a superior E.V., it should be recognized.

At some point shorts will be heavily damaged. The direction of this stock price has made them a lot of money, so I suspect they will exit before they lose all of their profits.

It would be nice to see an earnings surprise for this quarter.

Shorts are going to have to pay up and it goes up! Thank you

And still going up, Woot woot!

Lucid up today!

LCID new 52 week low

I’ll just buy more ;) Gotta avg down.

LCID new 52 lo

Over the long term I believe this company will do well, and I do agree the current administration is a huge part of the problem!

Not all trades are winners. I have about a 60-70% success rate just my confidence is low from basement joe to pump ev and green sector

I think this will pop but they may take it lower though

That can't be right, you just loaded up for the big pop.

Don't worry though, I'm sure there's no RS coming either, just like you said.

Im wondering the same sold at -2k loss sick of watching this thing bleed, biden hising in his basement while evs see all time lows week after week

Apparently they are taking it down to $2

LCID new 52 lo

I’m really liking the Lucid Gravity, but I’m a truck guy so I may have to hold out for their truck. if it happens, however the Gravity has a lot of my attention. It’s a head turner for sure! Hmmmm.
Well any-hoo, I’m pulling for ya $lcid!

Wait, what happened to the pop?? LOL

LCID new 52 lo

Added

Go Lucid!

Lucid Announces Q1 Production & Deliveries, Sets Date for First Quarter 2024 Results
April 09 2024 - 09:00AM

OOOOOF.......

loaded up for another pop

As an owner of an EV, getting a type II charger at home is money well spent, pull into the garage , plug 'er in, every morning your topped off for the day ahead...easy peasy. Way easier than filling up with gas. I will say from experience, EV's do not like cold weather, Range goes down considerably, so a charger at home is a must if you live up North.

I pulled the 200 mile range out of the air. Just picked a number for grocery getters, and running around town.

The average American commutes 42 miles per day, so based upon a 5 day workweek, they will need 210 miles of range, plus a 20% reserve of 42 miles, so let's say 250 miles. Allows for charging on the days off.

Since the batteries make up the majority of cost for EV, and the luxury model glamor accessories, are a draw on power, if they cut the power hungry options down and downsized batteries, they should be able to get an everyday $35K car to market.

I think the range needs to be more than 200 - but I always think in terms of ICE vehicles being the competition and not necessarily Tesla. If they can get the Gravity out with 400+ and then a model 3 / Model Y competitor with 400 I think they will turn the corner. I think Rawleson is following the template of Tesla because that's his experience - watching Model S bring them into the mainstream - but as you say I don't think he really understands the current market where Model 3 and Model Y are the models making actual revenue for Tesla since he left before they were introduced. It is also the brand image maker he wanted it to be - it truly is an amazing car (the Air), it's just not the right product at the right time in my opinion. If they had done the Gravity first, then a van / pickup based off the same skateboard, then the 3rd model - I bet this would be a very different story right now.

I'm sure if he could get a mulligan he'd do things differently - just look at Rivian. That said, they've got the cash, they've got the products, they've got the capacity (and the plan for more), now it's just about execution - which they have truly excelled at so far. I think we just need to be patient and let this grow, but I'm not above admitting there is a good chance I'm totally wrong lol...

Let's hope they can keep an Area-51 type tight lid on development projects. Keep the shorts in the dark until good news pops it over $5.

The Tesla business model, of selling high priced luxury sedans to fund development of smaller vehicles, worked for Musk, but it is not working for Lucid.

The smaller, lower priced, 200ish mile range, sedan needs to happen today. That will be the bread and butter that brings in revenues and brings up the stock price.

With Saudis funding this, not sure why they think production money is needed from sales of luxury. Do they just want a luxury car company to supply themselves?

Lucid down a little this morning. Let’s get that bounce.^.

Looks like something new must have happened we haven't heard about yet?

Dilution.

The 3rd model is solidly in the pipeline and all the planning is in place to have it to market sometime in the later half of this decade, so if they survive that long it's coming. I'm really excited for Gravity, I hope it does well. The dilution is tough to take but they need cash and have to do whatever they can to stay alive. It's a shame they came out with the sedan first.

back under 3 already

:/