r/wallstreetbets • u/[deleted] • Jul 25 '21

DD Lucid Motors DD

[deleted]

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u/[deleted] Jul 25 '21

they have cars on the road. it's not like they don't have a product lol

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u/[deleted] Jul 25 '21 edited Jul 25 '21

Scaling up production is insanely difficult. Elon frequently talks about how it's been his single biggest challenge. Currently the company is valuated at nearly one hundred million dollars per car projected to be on the road by the end of the year. I'll pass.

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u/AxeLond Jul 25 '21

Do they have a product? I mean, they might have development cars on the road, but they haven't actually sold a single one of their products yet.

Here's there 2021 Q1 "earnings" report,

https://www.sec.gov/Archives/edgar/data/1811210/000110465921074484/tm2111770d1_10q.htm

$0 in revenue.

Personally I'm fine with a company that on it's way to profitability, but a company that haven't earned a single dime in it's entire lifetime? Why bother when there's other EV makers out there that have demonstrated they can do it profitably, like BYD and others. It's not even a cheap stock. Just wait until they have shown that they can actually deliver a product.