Lucid Q4 & Full Year 2021 Financials + New Factory in Saudi Arabia
#16
Pole Position
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I think Lucid stock settles somewhere between $10-$20. The Saudi Arabia move is extremely bizarre. I think they're burning about $1 billion/quarter. They need to deliver about 12k cars in 2022 or they might be in more trouble. Highly speculative stock for sure. It could go to under $10 if supply chain issues remain hairy, and might even go private.
#17
Lexus Fanatic
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Lucid will likely blame their production problems on supply chain. Ford is doing this right now for the Mach-E.
#18
Lexus Champion
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I think the big mistake Lucid made was over promising. Way, way over promising
#19
Lexus Fanatic
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https://www.bloomberg.com/news/artic...ply-chain-woes
#20
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#21
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Part of it is supply chain to blame for sure, try ordering most cars and its 3 to 6 months wait. But I am sure that they knew they were not going to get the numbers out that they promised. They most likely ran into issues during manufacturing, and as other have stated had to resort to hand assembling. It's always better to underpromise and over deliver, even if its in small numbers
#22
Lexus Fanatic
#23
Lexus Champion
#24
Lexus Fanatic
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no need to speculate, they are indeed blaming supply chain.
https://www.bloomberg.com/news/artic...ply-chain-woes
https://www.bloomberg.com/news/artic...ply-chain-woes
#25
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#26
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#27
Lexus Fanatic
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#29
Lexus Fanatic
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Plenty of cars you don't like survive just fine
#30
Lexus Test Driver
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Sure individual models can falter and company survives.
When i sat in LS500, i knew right away it was going to be epic failure when i hit my head on the headliner. My dad drove LS for many years and i know the market.
Lexus/Toyota can withstand the hit of new LS being a failure. Now if it was original LS400, Lexus brand would never have been able to achieve its success.
The Lucid car is NOTHING special at all.
Its REALLY expensive, does nothing new that Tesla has not already done, zero innovation, no cool “techy” features to capture the general public imagination, no showman CEO to get following for the brand, no national/govt support like Toyota/Hyundai/Ford etc benefit from.
The best LUCID can do is eventually sell its IP to anther larger automaker.
At this point they are bleeding money and will be for many years.
When i sat in LS500, i knew right away it was going to be epic failure when i hit my head on the headliner. My dad drove LS for many years and i know the market.
Lexus/Toyota can withstand the hit of new LS being a failure. Now if it was original LS400, Lexus brand would never have been able to achieve its success.
The Lucid car is NOTHING special at all.
Its REALLY expensive, does nothing new that Tesla has not already done, zero innovation, no cool “techy” features to capture the general public imagination, no showman CEO to get following for the brand, no national/govt support like Toyota/Hyundai/Ford etc benefit from.
The best LUCID can do is eventually sell its IP to anther larger automaker.
At this point they are bleeding money and will be for many years.