You invested because you believed you would make a profit and make your father proud. But, honestly, the Saudi Public Investment Fund turned the tables on us. I have no personal grudge against the PIF, but I believe it is responsible for our losses in Lucid stock. I have many pieces of evidence and documented events that are publicly available and can be found through research.
My friend, I wish you, your father, and all of us good health, happiness, and financial prosperity.
$LCID
Unfortunately, I feel that Lucid was already keeping 90% of things under wraps and giving little consideration to us shareholders. Now, with Silvio in charge, I fear the company will become 100% secretive. I genuinely hope I’m wrong
$LCID the market doesn’t like a company being so silent. If Silvio completed to take over the CEO position, please show your move, plan, or speak about the interest coming projects. @LucidMotors
$LCID
Lucid’s agreement with Aston Martin has now been delayed for the second time, as Aston Martin recently announced that it does not intend to launch a fully electric vehicle until 2030. I previously stated that Aston Martin could end up bankrupt by 2027, and I still stand by that view. At this point, it is fair to say that the deal has effectively evaporated.
$LCID
I’m genuinely puzzled. A year ago, Lucid was selling around 3,000–3,500 vehicles per quarter while offering only the Lucid Air. After the launch of the Gravity, sales are still hovering around 3,000–3,500 vehicles per quarter.
I have a strong feeling that Lucid will report similar numbers for Q2 as well—around 3,000–3,500 vehicles, with 3,800 being the absolute maximum.
I just hope we don’t end up being surprised by sales coming in below 3,000. Of course, the explanation is already on the table and ready to be used: supply chain issues or recall excuses
From my perspective, one of two things must be true:
1-There is some kind of manipulation or lack of transparency in Lucid’s reported figures.
2-There simply isn’t enough demand.
If anyone has a third explanation, I’d be interested to hear it.
$LCID
The Saudi Public Investment Fund has used shareholders’ money to build a factory in Saudi Arabia. But what is the purpose of this factory? If you are unable to sell your cars when they are made in the United States, do you really think cars made in Saudi Arabia will sell? Believe it or not, throughout its history Saudi Arabia has not produced anything related to technology. It has not even been able to manufacture a light bulb, let alone cars.
In my opinion, the main goal is to produce a car labeled “Made in Saudi Arabia” in line with Vision 2030, even though most Vision 2030 projects have been delayed, scaled down, or shut down. To this day, pride still seems to prevent a clear view of reality.
I believe Saudi Arabia is facing major financial challenges. Whether you believe it or not, you can research it yourself and consult multiple sources to reach your own conclusion.
The real question is: who will continue to fund Lucid in the future? And will the Public Investment Fund be able to continue supporting it? In my opinion, its ability to do so is not unlimited.
$LCID
Lucid’s problem is that it seems to have an inferiority complex. Whatever Tesla does, Lucid tries to do the exact same thing. For example, Tesla operates its own stores and service centers in many countries, and Lucid followed the same approach by opening and managing its own locations. Tesla built the Model Y, and Lucid created a direct competitor. Tesla built the Model X, and Lucid responded with the Gravity.
Meanwhile, BYD did not try to compete with Tesla in exactly the same way, nor did it open and operate its own branches everywhere. Instead, it partnered with established dealers that had been in business for decades, saving enormous amounts of money on staffing, service facilities, showrooms, and related expenses.
$LCID
I sold part of my shares at a loss worth millions, and I expect to sell everything I own in this second half. It is a failing company everything it does is just deception, lies, and misinformation. And of course, the credit goes to its owner, the Saudi Public Investment Fund.
$LCID
Lucid’s showroom in Oslo, the capital of Norway, has been closed. For three months, not a single Lucid vehicle was sold. Meanwhile, Tesla’s sales surged by 29% in May
https://t.co/khMPuWm8Py
$LCID
Lucid’s agreement with Aston Martin has now been delayed for the second time, as Aston Martin recently announced that it does not intend to launch a fully electric vehicle until 2030. I previously stated that Aston Martin could end up bankrupt by 2027, and I still stand by that view. At this point, it is fair to say that the deal has effectively evaporated.
$LCID
Let’s be honest with ourselves first, and then with others.
Based on what I’ve heard, the Arizona factory will not produce the Lucid midsize (“Earth/Cosmos”) vehicles at the beginning. Production in Arizona is expected to start 6 to 12 months after production begins at the Saudi factory, which is currently projected for late 2026.
And that’s where I see the problem. I am convinced that the Saudi factory will not produce these vehicles before late 2027. Even if production does begin, it may be only in very limited numbers so the company can claim the vehicles are “made in Saudi Arabia.”
Unfortunately, I believe we are facing a serious situation due to the policies of the Saudi Public Investment Fund (PIF)
$LCID
I’m genuinely puzzled. A year ago, Lucid was selling around 3,000–3,500 vehicles per quarter while offering only the Lucid Air. After the launch of the Gravity, sales are still hovering around 3,000–3,500 vehicles per quarter.
I have a strong feeling that Lucid will report similar numbers for Q2 as well—around 3,000–3,500 vehicles, with 3,800 being the absolute maximum.
I just hope we don’t end up being surprised by sales coming in below 3,000. Of course, the explanation is already on the table and ready to be used: supply chain issues or recall excuses
From my perspective, one of two things must be true:
1-There is some kind of manipulation or lack of transparency in Lucid’s reported figures.
2-There simply isn’t enough demand.
If anyone has a third explanation, I’d be interested to hear it.