jrmckinley

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.

LeX2K

Lucid will likely blame their production problems on supply chain. Ford is doing this right now for the Mach-E.

AMIRZA786

I think the big mistake Lucid made was over promising. Way, way over promising

bitkahuna

iTrader: (20)

no need to speculate, they are indeed blaming supply chain.

https://www.bloomberg.com/news/artic...ply-chain-woes

bitkahuna

iTrader: (20)

delivering 520 cars isn't exactly a stretch. but they couldn't even manage 1/4 of that.

AMIRZA786

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

SW17LS

Worked for Tesla lol

AMIRZA786

LOL true. but I think Tesla is/was the exception. Kind of like Apple telling people they were holding their phones wrong (#antenna gate). Worked for Apple, but wouldn't work for Samsung

LeX2K

If they deliver 10,000 this year I'll be very impressed that would mean actual mass production. Even 2,500.

SW17LS

That is absolutely true

bitkahuna

iTrader: (20)

if they only deliver 2500 at an ASP of $US120K, that's only 300 million in revenue (avg 75m/qtr which really isn't much).

LeX2K

True but it at least means they can scale production we're already into March 2022 and they are making a few cars per week. Financial outlook is certainly murky for the next few years, what will probably save them is if they can get their SUV out in time to stop the bleeding. Not exactly confident they can pull it off.

RNM GS3

This company has no chance to survive.
I have said this from the day i saw the car in person.

The stock price should be under $10.

SW17LS

Plenty of cars you don't like survive just fine

RNM GS3

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.