$LCID @LucidMotors#Air.
I am truly sorry for all of you good people who have trusted and believed in this management and this company.
You believed in what they said, but they never delivered what they promised.
Lucid Management has consistently misled you by giving false projections and delivery numbers.
Direct to consumer model has not worked.
Building and maintaining service centers and showrooms will burn more cash as more cars need repairs that are not generating revenue.
They will stop building cars.
They have to layoff more people at the factory.
They have to layoff more sales and administrative staff.
Domino effect has already begun.
The 2-3 year old lease cars are being returned and owners are not buying new ones.
Used Lucid EVs are going to flood the market making it harder to sell new cars.
I am sorry but I saw the writing on the wall 3 years ago and have been posting here warning you.
CEO of a company sitting in the trunk or frunk of a car is NOT going to sell cars.
A new CEO with ZERO automotive manufacturing & sales experience is not going to fix the problem that Lucid is facing.
@rocckolucid23 IT’S THE MANAGEMENT (or mismanagement to be more accurate) …. always was….. they ALL need to be booted ASAP or they will drive the company all the way THROUGH the ground…. So sad!