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Lucid Group Inc

Lucid Group Inc (LCID)

2.14
-0.20
(-8.55%)
At close: November 12 3:00PM
2.17
0.03
( 1.40% )
After Hours: 5:13PM

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Nukemtiltheyglow Nukemtiltheyglow 11 hours ago
Zill, actually I used to ride a company subsidized vanpool to work 60+ miles one way. Since COVID, things have changed. Most people are telecommuting, working from home. That's about to end. People are not happy about driving 50-60 miles one way, fighting the traffic snarls on an overcrowded freeway. The stress levels are intense and increasing. I like the idea of EVs as I work at a Nuclear Power Plant. 3 things I see happening. The AI craze and buildout, EV usage increasing and (3) These two things alone will drive electricity demand way up so, we will require more electric generation. It's inevitable. So, three sectors to invest in going forward; AI, EVs and Electric Utilities. What's cool about Utilities is they pay a dividend. Very important when you consider people who are retired are usually on a fixed income. 
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wiredawg wiredawg 18 hours ago
WHOA!!! Today LCID has been upgraded by R. F. Lafferty as a buy at 4.0 Somebody is willing to be the first.
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Zilidium Zilidium 1 day ago
If your are just commuting back and forth, than it should not be an issue. Of course thats assuming your total commute is less than 200+ miles per day. If you have a Level 2 charger, ~240 Volts AC, than it's surely a non issue. Currently commuting and needing to charge at home every few days or so...and thats during the Alaska winter!
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Monksdream Monksdream 3 days ago
Maybe you are right

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Nukemtiltheyglow Nukemtiltheyglow 3 days ago
I currently drive a 6.7L Turbocharged Diesel that gets 21 + mpg. It's my commuter vehicle. I would love to get an EV. As there's hardly any upkeep. No fuel, no oil changes, no greasing driveline, no differential fluids, no transmission flushes. Recharging (electricity) is cheaper than fossil fuels. Only issue is charging stations (infrastructure). 
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Nukemtiltheyglow Nukemtiltheyglow 3 days ago
Double down 
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PonkenPlonken PonkenPlonken 5 days ago
saudis dont want to let their green posterchild fail
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Monksdream Monksdream 1 week ago
LCID, 10Q 11/7
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Monksdream Monksdream 1 week ago
LCID, new 52=week low
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double_m double_m 3 weeks ago
double_m
Re: TucsonPhil post# 5705
Sunday, August 11, 2024 5:58:46 PM

Post# 5706 of 5722
The Saudis have come to the realization that the west is too busy swordfighting rather than commit, so they will target the mid-east market, starting with their own homeland. That's why they built that mega-factory in KAEC. I spent a lot of time in the region (Kuwait, Bahrain, Dubai, Fujarah, Qatar) and Hummers, Ferraris and Lamborghinis are always parked outside McDonalds and Dunkin' Donuts. There is a lot of personal wealth across the region and they love their toys with the latest technology.
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Nezitic Nezitic 3 weeks ago
Because there are a lot of people who would like to drive with a sexy beautiful eye-catching car instead of a small woodshed that even a wind would blow it off the road. I'm sure they know what they're doing, no reason to doubt.
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TucsonPhil TucsonPhil 3 weeks ago
Not sure why they are going all-in on the Gravity SUV first, instead of focusing on the smaller version for commuters. We must assume they have done extensive market research and feels that two-earner families are more likely to buy than the 20 and 30 somethings that want to show off a flashy new vehicle. The younger generation is not putting money into retirement accounts the way previous generations have, and are opting for the YOLO lifestyle choices. I think Lucid management is a little out of touch with the market. Thoughts?
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TucsonPhil TucsonPhil 4 weeks ago
They are offering another 262M shares, but the PIF and others are wanting to buy 374M shares. Looks like a wash to me, with PIF inching up their ownership percentage at a discounted price.
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Spuds McKenz66 Spuds McKenz66 1 month ago
hear ya LCID
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TucsonPhil TucsonPhil 1 month ago
Look at EVGO action today, as an example of subsidies.
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TucsonPhil TucsonPhil 1 month ago
With all of the tensions in the Middle East, how long before the U.S. government starts throwing money at Lucid, to wrestle some control away from the Saudi fund?
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TucsonPhil TucsonPhil 2 months ago
Can we get some positive surprises? How about an earlier release date for the smaller, more affordable, Tesla competitive vehicle.

Been a lot of news about people dumping the Tesla junk cars.
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TucsonPhil TucsonPhil 3 months ago
Yes, the worker problems will need to be addressed. I would think they will hire contract workers from outside the country, to do the heavy lifting, and to train the local employees.
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Nukemtiltheyglow Nukemtiltheyglow 3 months ago
Okay me bad, I apologize, I thought you were talking about Casa Grande.

Lucid isn't building any vehicles in Saudi Arabia (KAEC) King Abdullah Economic City, only subassemblies. Eventually and yes this location is on the Sea. Great place to ship vehicles all over the world.

https://en.wikipedia.org/wiki/King_Abdullah_Economic_City

The one problem I see with building a factory in Saudi Arabia producing EVs is the talent and work ethic? Hopefully I'm wrong, as Peter Rawlinson may see something I don't? It could be too that the Saudi Government wants their people to work for a living rather than be given everything? Big Oil $$$ has influenced their lifestyles. people can change if given the right incentives.
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TucsonPhil TucsonPhil 3 months ago
I was referring to the Saudi plant, as a shipping origin for Europe.
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Nukemtiltheyglow Nukemtiltheyglow 3 months ago
Hi TucsonPhil,
How does a place like Casa Grande make for a good shipping point to European Markets? It's like saying Missoula, Montana is a good shipping point to European markets? I'm a native Arizonan and a fan of Lucid as I own shares, but I don't understand your point?
Don't get me wrong, I like Casa Grande and Lucid being in our state. Casa Grande has one railroad line and I-10 unless you know of something else? Magic carpet maybe? Inland waterway?
How do the cars get shipped economically? It has to be by Rail or Truck. Shipping by sea directly saves money. Maybe that's why Detroit besides being close to steel mills and the Great Lakes shipping is still in business, besides of course having plenty of skilled labor.

I ask the question? Why Casa Grande, AZ? I would venture to guess that land prices to build Lucid's factory had a lot to do with it? Plus, Casa Grande is between two large metropolitan areas with two major Universities nearby? UofA and ASU both have Engineering Colleges, however;
"ASU's Ira A. Fulton Schools of Engineering is the largest and most comprehensive engineering program in the United States."According to the following;
https://www.google.com/search?q=compare+asu+engineering+to+university+of+arizona+engineering&oq=Compare+ASU+engineering+to+University&gs_lcrp=EgZjaHJvbWUqBwgBECEYoAEyBggAEEUYOTIHCAEQIRigATIHCAIQIRigATIHCAMQIRigATIHCAQQIRigATIHCAUQIRigAdIBCjI1NDE5ajBqMTWoAgiwAgE&sourceid=chrome&ie=UTF-8
So, two biggies; Land and Talent. Other factors are; Cheap labor, housing and food availability. Think about setting up a factory in Los Angeles California? If the "Red tape"doesn't kill your project, finding a dependable labor force, a decent place to raise a family, affordable housing, dedicated work force and not losing your employees to a competitive job market would surely doom you. Why do you think Elon Musk moved to Texas from California?
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Nukemtiltheyglow Nukemtiltheyglow 3 months ago
Barron's article: DJ Update: Tesla Stock Drops. Four Things That Might Be Moving Shares. -- Barrons.com
"This content was created by Barron's"..... Might & Created two buzz words that say "here's what we think" don't you agree? Even though I don't mind the publicity "Lucid taking the mantle from Tesla." What I really detest about the liberal media is they manufacture lies and try and tell you it's the truth. It's like watching Jim Cramer, if you didn't know any better, most people think his opinion matters?
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Nukemtiltheyglow Nukemtiltheyglow 3 months ago
The Saudi net worth is $1.4Trillion, Volkswagens net worth is $55.24Billion.
Who has the deepest pockets?
Who answers to BOD and Shareholders?
Whoโ€™s going to win the battle for market share?
Lucid does have a lot of shares OS
They make a beautiful car โ€œAirโ€
I saw one in Phoenix, it definitely caught my eye.
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Rags2Riches Rags2Riches 3 months ago
Nice kitty ....purrrrrrrrrrrrrrr
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Pastor Phil Pastor Phil 3 months ago
https://investorshub.advfn.com/Lucid-Group-Inc-LCID-38915
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TucsonPhil TucsonPhil 3 months ago
Agreed, and their plant makes for a good shipping point to European markets. I see the Casa Grande plant as an export supplier for points south, and overseas rather than the U.S. market.
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double_m double_m 3 months ago
The Saudis have come to the realization that the west is too busy swordfighting rather than commit, so they will target the mid-east market, starting with their own homeland. That's why they built that mega-factory in KAEC. I spent a lot of time in the region (Kuwait, Bahrain, Dubai, Fujarah, Qatar) and Hummers, Ferraris and Lamborghinis are always parked outside McDonalds and Dunkin' Donuts. There is a lot of personal wealth across the region and they love their toys with the latest technology.
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TucsonPhil TucsonPhil 3 months ago
I see the Saudi's playing the long game, by keeping them up and running, while less well-funded EV companies falter and go bankrupt.

It appears they are just playing a cold-war style arms race against the competition.
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Bountiful_Harvest Bountiful_Harvest 3 months ago
Building production plants in a deflationary environment has some advantages. Goods, services and materials are less costly. Buy the materials you need during these periods, at a discount.

In light of the current economic environment, I don't think the share price will fare well this year, but does create buying opportunity for whenever the market bottoms out.

Lucid's forward thinking allows for success in the coming years. They have the funding now!
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Bountiful_Harvest Bountiful_Harvest 3 months ago
The $1.5 billion investment from Saudi Arabiaโ€™s PIF should certainly set them up for success next year.

https://www.cbtnews.com/lucid-secures-1-5-billion-investment-from-saudi-arabias-pif-to-boost-suv-production/This financial boost ensures that the EV maker is sufficiently funded until the fourth quarter of 2025."Being sufficiently funded until the 4th qtr of 2025" -That's very important during this period.

Lucid making some smart moves and partnerships for the coming years...Sounds like Lucid will be ready to hit the ground running, for when the economy does turn around. Hoping we see the turn next year sometime...
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Viewmont Viewmont 3 months ago
Lucid (LCID) shares are soaring in after-hours trading after reporting better-than-expected second quarter revenue. The EV maker also announced it has received a $1.5 billion commitment from the Public Investment Fund, Saudi Arabia's sovereign wealth fund.
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Monksdream Monksdream 3 months ago
LCID 10Q due AUGUST 5
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bzlegendz bzlegendz 4 months ago
2024 Lucid Air Vs. Mercedes-Benz EQS Sedan: Which Luxury EV Is BEST?
Wonder which EV is the best?
CarBuzz answers that exact question in their latest comparison video. Not only does the reviewer from CarBuzz fall in love with the exterior and interior styling of the Lucid Air but recognizes how it stands out in driving performance. Watch the comparison of Lucid Air and Mercedes-Benz EQS for yourself.1
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bzlegendz bzlegendz 4 months ago
Today marked another step forward in our companyโ€™s journey.

This afternoon, fresh out of our state-of-the-art paint shop and resplendent in stunning Infinite Black, the first Lucid Gravity SUV pre-production bodyshell dropped down from the roof conveyor onto the main production line at our factory in Casa Grande, AZ, reaching a significant milestone on our path to full production.

This marks the beginning of the Lucid Gravity pre-production run on our assembly line. Each unit will help us perfect the process and will be used for final validation testing to ensure top-tier build quality in full-scale production. Stay tuned for more updates as we continue to prepare for the start of Lucid Gravity's production.

Not all EVs are born equal.
https://www.linkedin.com/feed/update/urn:li:activity:7221309854789816320/?utm_source=marketingcloud&utm_medium=email&utm_campaign=gravity-pre-prod_info_aud_en-us_hrs_gravity_20240723&utm_content=https%3a%2f%2fwww.linkedin.com%2ffeed%2fupdate%2furn%3ali%3aactivity%3a7221309854789816320%2f&utm_term=
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TucsonPhil TucsonPhil 4 months ago
Further retreat, as tech markets are experiencing pullback this week. Long-term will be up. Waiting for next release, hopefully showing more Saudi share acquisition. This is a short squeeze waiting for a player.
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guitartrader guitartrader 4 months ago
I was a happy flipper this week. Until yesterday lol. I have a fair amount as a long hold as well. Just a bump in the road imo.
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guitartrader guitartrader 4 months ago
What is the concensus this morning? Bounce today? Or further collapse?
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TucsonPhil TucsonPhil 4 months ago
The electric vehicle, and green/renewable energy economy future is in jeopardy with a climate-change-doubting administration. Subsidies will be cut as first order of business.
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double_m double_m 4 months ago
Oh, where did the happy days go?!😒
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Nflgiants86 Nflgiants86 4 months ago
What did I miss? What happened today?
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Nebuchadnezzar Nebuchadnezzar 4 months ago
i might regret those covered calls i wrote for next friday at $5

lcid was wild today
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tbonaces80 tbonaces80 4 months ago
Basing. Buy vwap $4.03
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Tunafish1 Tunafish1 4 months ago
Now letโ€™s bring back the days of February 2021, $58/share and letโ€™s go up from there.
I know, I know, โ€œpatience lil grasshopper.โ€
It will be. Been with them since $cciv days.
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Nebuchadnezzar Nebuchadnezzar 4 months ago
barring BK, the bottom is in for LCID
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TucsonPhil TucsonPhil 4 months ago
Defying Gravity, pun intended.
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Rags2Riches Rags2Riches 4 months ago
Happy days are here again :)
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uksausage uksausage 4 months ago
Ah โ€œLiechtensteinโ€ forgot about it. Quite an amazing route
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Nflgiants86 Nflgiants86 4 months ago
They drove through 9 countries. Here is one article stating the countries.
https://gomechanic.in/blog/lucid-air/
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Zilidium Zilidium 5 months ago
I believe it was eight countries. Regardless, very impressive.
You can see the animated video of the journey here:
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uksausage uksausage 5 months ago
shame they don't tell you the 9 countries in 567 miles they went โ€œthroughโ€.
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