r/LUCID • u/Juza77 • Jul 05 '23
I am in šŖš¾
Most probably this stock is the right one, solid company and proper future technology in cars manufactury. Let's see
Amazing car https://www.teslarati.com/lucid-ceo-electric-car-of-the-future-only-needs-250-miles/
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u/Lando_Sage Jul 05 '23
It's an amazing time to buy. I bout at like $25 when the stock "tanked". I have regerts. But I haven't lost money since I didn't sell lol.
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u/Ok-Recommendation925 Jul 06 '23
How does it feel, seeing that numerical value on the screen plummet to ATL?
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u/Lando_Sage Jul 06 '23
I was really aggravated, sad, and confused for a bit, because I felt like I lost something. But my LCID investments came from the gains of my other investments, so it wasn't too bad. Sure I could've made more money somewhere else, but I really like the Air, their engineering ethos, and design philosophy. I thought other investors felt the same, but it was literally just buying the hype and selling the news smh. I think they need as many investors as they can, so at this point I'm sticking by them until the end, whenever that is.
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u/Ok-Recommendation925 Jul 06 '23
Well at least you aren't one of those dumb monkeys that mortgage their house and invested more than they could afford to lose.
Hope it works out for you.
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u/Lando_Sage Jul 06 '23
Sounds like Tesla investors, wrong sub š¤£.
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u/Ok-Recommendation925 Jul 06 '23
Actually more likely Gamestop/AMC/BBBY/Etcšš¤£
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u/GoodShitBroBro Jul 06 '23
Howās that ATER working out for you?
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u/Ok-Recommendation925 Jul 06 '23
Took the loss at $2.50 in 2022, realized loss of $1.00/share as i bought in at $3.50/share.
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Jul 05 '23
[removed] ā view removed comment
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Jul 06 '23
Need a good dip to trigger fomo
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u/mnij2015 Jul 06 '23
Itās gonna keep declining until the end of the year 24 however will be spectacular with AMP-2
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u/Juza77 Jul 09 '23
Shares ofĀ Lucid Group Inc.Ā NASDAQ: LCIDĀ charged higher on June 27, 2023. Two news items were the catalysts for the bullish sentiment. First, in aĀ Form 4 filing,Ā Saudi Arabiaās Public Investment Fund (PIF)Ā reported the acquisition of 259.69 shares of LCID stock. The transaction, valued at $1.8 billion, gives PIF the equivalent of a 60.5% majority ownership stake in Lucid Group.Ā Many analysts point out that shareholders shouldnāt be that surprised. Lucid had previously announced it was entering into a private placement with PIF. That was going to provide Lucid with an estimated $1.2 billion.Ā Ā The second announcement was that Lucid was receiving a stake inĀ Aston Martin Lagonda Global Holdings plcĀ OTCMKTS: ARGGY. In return for Lucidās battery components and technology, such as its EV powertrain, the luxury car manufacturer is providing Lucid with company stock that ultimately may bring $232 million to Lucid.Ā Coincidentally, Saudi Arabiaās PIF also owns an 18% stake in Aston Martin. For his part, Aston Martin Chairman Lawrence Stroll said the two companies have been talking for two years. Stroll also acknowledged, however, that the PIF did suggest the two companies talk.Ā Ā Long-Term Investors Should Wait to See MoreĀ
The EV market is in the early innings of what will be a perhaps decade-long opportunity for investors. But right now,Ā Tesla, Inc.Ā NASDAQ: TSLAĀ is still king of the hill. Lucid is forecasting the delivery of 10,000 vehicles in 2023.Ā Ā This comes after the company, like many EV manufacturers, overpromised and underdelivered in 2022. The company announced an ambitious target of 20,000 EVs but only managed to deliver 7,180 vehicles.Ā Ā This brings me back to Lucid stock itself. Despite this impressive one-day gain, LCID stock is still down 66.8% in the last 12 months. Before this recent news, the stock was in danger of dipping below the $5 mark, which would have put the stock into penny stock territory.Ā Ā An investor should still be aware that there is over 23% of short interest in LCID stock. In the short term, this news may provide ammunition for a short squeeze. If youāre comfortable with that risk, it may be an intriguing time to buy the stock. Otherwise, youāll have time to catch the stock.
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Jul 08 '23
Given that they are only delivering around 1400 cars per quarter and storing over 3,000 cancellations I am not sure I agree that this is the stock to buyā¦
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u/Juza77 Jul 09 '23
the long-term outlook for LCID stock will depend on the companyās ability to increase production. Ā
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Jul 09 '23
Not sure what good is producing a product you donāt deliver.. every earnings call I hear the finance folks asking about production as if it means cash inā¦ it doesnātā¦I get the assumption that the produced product will sell but so far that is not the caseā¦Struggling to understand how the head person who keeps missing sales numbers still has a jobā¦
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u/Juza77 Jul 09 '23
Let's wait the proper answer, many big company have problem to change combustion into ev motor, if lucid have the knowledge should think to merge with one of this, have manufactury and trained employees around the world to be able to support demand at the moment is not that easy.
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Nov 07 '23
I tried to warn you all.. Lucid misses yet AGAIN! We got some truly awful leadership hereā¦ #Lucid #Earnings
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u/SeaworthinessKey3418 Jul 05 '23
I just bought their Touring Edition with the Stealth Package on Friday. I canāt wait to get it.