LCID…🫣 part II
$Lucid Group (LCID.US)$
Yesterday night I wrote about this scam towards the common shareholder (I don’t hold LCID, but I may trade it) of diluting the stock by 12%. I also wrote that it is an unfair pratice, as the major shareholders get much higher protection of their investment. NOT ONLY: they got a special price (6,77$ per share). OBVIOUSLY, the common shareholder pays for this deal with a proportional decrease in the value of their stocks (what just happened: -13,92% at this moment). On the other side, this may be an opportunity too: it ...
Yesterday night I wrote about this scam towards the common shareholder (I don’t hold LCID, but I may trade it) of diluting the stock by 12%. I also wrote that it is an unfair pratice, as the major shareholders get much higher protection of their investment. NOT ONLY: they got a special price (6,77$ per share). OBVIOUSLY, the common shareholder pays for this deal with a proportional decrease in the value of their stocks (what just happened: -13,92% at this moment). On the other side, this may be an opportunity too: it ...
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TESLA holder and trader. Economics and tech studies, writer, traveller and chef for passion. FREE in SouthAmerica 😎
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RDK79 : Thank you for the Comment! I own some, unfortunately. Plan on riding it out but unless demand changes, eg selling more!! I don’t see this going anywhere. Maybe a slight turnaround on the SUV hype but don’t see many being able to buy that 100K+ SUV either. CEO maybe thinking making a 300K sapphire II is the answer. Kinda sad, as it’s good technology, just too expensive and don’t see an overpriced sedan ever being sold by the hundreds of thousands.
TeslaSmurf OP RDK79 : Unfortunately sad: They oversized the investment on a too expensive car and they are not able to increase production. They probably set the level for Saudis’ standards but that’s not what they can sell in the US, and a Model S segment car wouldn’t have been able to compete with the actual Model S (after almost 10 years of constant improvements from the Model S 60, 60D and 85D of the first years to the most recent S plaid with the track package. Common exotics can’t beat it at a much higher price: you may need a multimillion hypercar go go anywhere near or… a Lucid Sapphire which costs almost the double, but it’s produced at loss, in very small numbers…
About the SUV: if they can’t manage to sell it under 80K to get the IRA incentive… I’m sorry but they are doomed.
If I was the main investor and if I was Mr Scaringe (Rivian’s CEO) I would desperately look for a technical/ productive alliance, or even a merger: that could save both, adding an agreement with Tesla for the Superchargers, the software and the supply chain (as Ford will end doing). Tesla wouldn’t be scared of that, as they are not in the same categories, and the S and X may even get cost savings from some possible common parts production. After all, as the same Elon keeps repeating, Tesla can’t satisfy the whole US demand for EVs by itself… The US needs other strong EV builders: one is going to be Ford while Gm won’t, if they continue with their stupid claims and do not abandon IMMEDIATELY the shitty “Ultium” platform.
ZnWC : My skeptical view about Lucid.
Lucid Stock Got Crushed Today despite PIF Takeover
https://www.moomoo.com/community/feed/110471799373830?data_ticket=212ca245a589f1e400fb2e247953bc77&futusource=nnq_personal_host