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Would be very foolish for Tesla to build a cheap car when they can't keep up with demand for expensive ones.
Didn't he talk about making Model 2 or something? In any case, IMO Model 3 is pretty cheap if you factor in all the things.
Originally Posted by GFerg
Not buying any lcid just yet. Every pop in the market is getting sold off a day or two later. I'm cool with waiting on the sidelines to add to my position. Hopefully next week we have more clarity with the FED. One checkpoint out of many in these crazy times.
It's been up 10% since last Thursday when it hit 6 month low. Yeah the market is very volatile. I pretty much day trade for a while. I keep track how much a stock usually gains/loses daily and get in/out/buy/sell/short when needed. Most of the time it works, other times it doesn't If it doesn't, I'll just wait.
Didn't he talk about making Model 2 or something? In any case, IMO Model 3 is pretty cheap if you factor in all the things.
It's been up 10% since last Thursday when it hit 6 month low. Yeah the market is very volatile. I pretty much day trade for a while. I keep track how much a stock usually gains/loses daily and get in/out/buy/sell/short when needed. Most of the time it works, other times it doesn't If it doesn't, I'll just wait.
I'm all mostly long term, I suck at short term trading. Although I'll probably offload my GGPI (Polestar ****) if it shoots up when they decide to IPO
The Model 3 is what I’m talking about. All the preorders are fully refundable…that’s not the point. They’ve made promises to people they never intended to honor. They got free use of a TON of money interest free. Brilliant. People will line up to give them that interest free loan too.
There was a point when I agree the pre-order money was important to them, and the pressure to demonstrate that more models were on the way.
Cutting the base model fell into their lap with the Model S since it was obvious early on that the take rate on bigger battery models would sustain their small initial production rate for years. They did honor the preorders for the base Model S that never was though, I know someone with one that is software limited to base range.
They intended to lead with the cheaper version on the Model 3, but I have no doubt they had a similar strategy in mind from the start if the wheels came off so to speak.
Didn't he talk about making Model 2 or something? In any case, IMO Model 3 is pretty cheap if you factor in all the things.
It's been up 10% since last Thursday when it hit 6 month low. Yeah the market is very volatile. I pretty much day trade for a while. I keep track how much a stock usually gains/loses daily and get in/out/buy/sell/short when needed. Most of the time it works, other times it doesn't If it doesn't, I'll just wait.
No. Tesla never officially said they would build a lower end model. They said they could but never had any promises with regards to that roadmap. In their latest roadmpa discussion , they didn't even mention it as they can't build Model 3/Y fast enough to keep with demand. Also, they did say they would offer a $35k variant of the Model 3 and they did. I personally know a couple people with one so it wasn't vaporware.
Also, they currently have 2 products which they took reservations for but haven't delivered which is the infamous Roadster, Cybertruck, and now the defunct Plaid plus. Plaid plus never materialized because they got upped the performance of the Plaid and it actually was similar to the original performance claim of the Plaid plus...also, Plaid plus was supposed to use the 4680 cells but those are so limited, they probably abandoned that idea. From a product delivery standpoint, they've kept their other promises but were always a bit late (except for Model Y).
The one thing they did promise but never delivered is FSD. That promise will never be kept.
Yup, I agree. Most of my action with lcid has been all short term option plays riding momentum up and down. I have a few shares in the teens that Im not touching for minimum of 5 years.
People love to buy LCID when it's down which tends to swing the stock up 5-10%.
Usual disclaimer this is not financial advice. But people, if you are going to day trade use money you can afford to lose. Dump whatever amount into your trading account and consider it casino cash could be gone at any time.
Originally Posted by 1111GS
It's been up 10% since last Thursday when it hit 6 month low. Yeah the market is very volatile.
Even today the stock spikes 10% then pulls back 5% or more. Market is bananas.
So let's predict Lucid's production numbers for 2022. I'll say 1200.
Again, a reminder that TSLA was in the doldrums for years before it went into overdrive. LCID, RIVN and their ilk won't deliver TSLA-like growth, but they are more likely than not - IMO of course - to break out and pop once the current madness settles down.
The smartest money of all held simply bought and held TSLA.
If ppl holding lcid or rivn expecting Tesla like gains, you already lost in my opinion. I personally can't see that happening. I have my target on my shares in 5 years or more and I'm gone on 85 percent of my holdings if it ever gets there. Keep the rest in play for runners.
ok folks, this thread is NOT about tesla. the stock discussions have nothing to do with cars but if they're confined to LCID that's ok (since that's about the only news there is out of this struggling company).
(since that's about the only news there is out of this struggling company).
savage lol
It's true though. Well Lucid did have a recall recently which required the car to be taken to Lucid. Haven't made it as an auto company until you've had a recall that requires a dealer visit.
03-08-22, 10:11 AM
If it doesn't, I'll just wait.
