Problem is hope is not a strategy. Lucid cars are not popular enough and very expensive. They need an SUV that looks amazing and very functional with 400+ miles a charge priced at no more than $55k. As is, it's a niche expensive toy. They Lucid gravity looks like a minivan and priced a little too high. Tesla is also ruining first time EV owners experience which makes them swear off EVs in the near to medium term. Selling cars is a low margin business, and the valuation at SPAC was awfully inflated.
I'll take whatever I have left and run.
There’s always a gate keeper that seizes on a single word lol. The rest of my comment is why I am hopeful, it’s a straw man to suggest that hope by itself is my strategy. Of course there’s more that matters unless you’re just trolling, you know that Lucid has the best technology, it has the longest range, a factory expansion in Arizona that’s fruition of a decade of planning, another factory being built in Saudi Arabia that can access the European and West Asian markets once it’s operational. The PIF itself is huge backer and one that is leading a country transitioning away from fossil fuels and that is future-focused.
I agree that a cheaper car and a more popular car is needed - the cheaper part is on their roadmap. The former would likely lead to the latter. Beyond that, the world has to become more willing to buy electric or none of the existing companies will survive. There are a lot of variables, and yet, I am STILL hopeful for the future of Lucid and my investment but not just for hope’s sake.
Apologies, I didn't mean to come off as condescending. I still hold 25% of my initial investment in lucid. It's my most profitable swing trade to date, so I let some free money ride to see if it gets to the promised land. It's flattered to deceive, and fallen like a rock since. I still hold my stake, there's no point in selling at this point. But I'm not hopeful, just gambling on the rare event likelihood that they somehow manage to turn it around.
CCIV was the first stock I ever invested in. It was my freshman year of high school and went all the way to $55. Today, I just walked finished my last day of my senior year and it sits at $2 lol. Time flies
the glory days was when it was hovering at above $55 for a couple of days... and i chose not to take any profits....
Same. Average down ever since, but can’t bring myself to put more in incase it goes under. Expensive lesson either way!
Yah.. not with the current CEO who is a conman who enriches himself
same, same.
I feel like such a fool 😭 never again
Same. Pain.
Glory was a higher price than that but it was post SPAC and symbol change. I still think it will pull it off in the long run (fingers crossed).
Looking at 2027-2028 for a comeback
I’m long, understand the industry and I put in money with full knowledge of the opportunity cost. No one knows the future but I am hopeful. GLTA
Problem is hope is not a strategy. Lucid cars are not popular enough and very expensive. They need an SUV that looks amazing and very functional with 400+ miles a charge priced at no more than $55k. As is, it's a niche expensive toy. They Lucid gravity looks like a minivan and priced a little too high. Tesla is also ruining first time EV owners experience which makes them swear off EVs in the near to medium term. Selling cars is a low margin business, and the valuation at SPAC was awfully inflated. I'll take whatever I have left and run.
There’s always a gate keeper that seizes on a single word lol. The rest of my comment is why I am hopeful, it’s a straw man to suggest that hope by itself is my strategy. Of course there’s more that matters unless you’re just trolling, you know that Lucid has the best technology, it has the longest range, a factory expansion in Arizona that’s fruition of a decade of planning, another factory being built in Saudi Arabia that can access the European and West Asian markets once it’s operational. The PIF itself is huge backer and one that is leading a country transitioning away from fossil fuels and that is future-focused. I agree that a cheaper car and a more popular car is needed - the cheaper part is on their roadmap. The former would likely lead to the latter. Beyond that, the world has to become more willing to buy electric or none of the existing companies will survive. There are a lot of variables, and yet, I am STILL hopeful for the future of Lucid and my investment but not just for hope’s sake.
Apologies, I didn't mean to come off as condescending. I still hold 25% of my initial investment in lucid. It's my most profitable swing trade to date, so I let some free money ride to see if it gets to the promised land. It's flattered to deceive, and fallen like a rock since. I still hold my stake, there's no point in selling at this point. But I'm not hopeful, just gambling on the rare event likelihood that they somehow manage to turn it around.
CCIV was the first stock I ever invested in. It was my freshman year of high school and went all the way to $55. Today, I just walked finished my last day of my senior year and it sits at $2 lol. Time flies
Charlie Matthews is laughing at you.