Will Lucid Go Bankrupt?
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- เผยแพร่เมื่อ 4 ธ.ค. 2023
- I take a deeper look at Lucid and give you my opinion on whether or not Lucid will survive.
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I remember people saying the same thing about Tesla and how they were going to go bankrupt and stuff like that. And yet.. here we are.
Lucid is backed by the Saudi Public Investment Fund. There is no way it is going under. People also forget it took 20 years for Tesla to become profitable. Tesla is a Kia and Lucid is a Mercedes. They are different vehicles with vastly different technology and quality.
agree!!!
@@ricardosousa11😂
Look, most people can't be bothered to look even basic information, let alone business details. Few of these youtube experts or online news headline writers have any idea how the automotive industry works. I have gotten so tired of the EV haters, Lucid haters, and self appointed financial experts, that I no longer even bother correcting the most egregious errors. It' not like what they say matters anyway. Love my Lucid, not at all worried about the future of the company.
So why isn't Lucid selling their cars? Why are the people who pre ordered not buying?
A bit exaggerated. Tesla is not a Mercedes and is overpriced due to its amazing marketing strategy and Elon himself behind the brand (guess who gain sales) On the other hand, Lucid, while not comparable to Mercedes either, offers a decent quality product but suffers from poor marketing and consequently low sales
I live in Southern California, where one sees a lot of EVs. We even have a large Lucid dealership not too far from us. Yet, we rarely see this vehicle driving on the streets. My gut feeling is that it is too expensive for most people to become popular. Personally, I am also no fan of the design lines of it's trunk area.
What are you talking about ????? I have 4 Porsche 911 in My Street alone ! People have money ! Lucid Air is an amazing car ! Look at the Build Quality so much better then Tesla crap ! And its Faster and Cleaner then Most Porsche and Ferraris !
It depends on where you live. I live in Yorba Linda and I see them everywhere.
I am a HUGE fan of Lucid, enough to invest in them. I, however, think their prices are too expensive and they'd profit more if they lowered them but kept the quality of what they currently are. I believe Lucid has HUGE potential and will go far if they lower the costs. I've only seen a handful of Lucids and test drove one once. Between test driving a Lucid and a Tesla, I'd go Lucid any day. I hope they explode in popularity one day and lower their prices. Dream car for sure.
Also don't say "everyone hates Sedans". Sedans are still really popular.
Lucid, however, is going to start with an electric SUV soon called The Gravity and there's not many, if any, cars that are fully electric and are of the SUV body type other than MAYBE a Rivian. Lucid could get a big start on that front and gain a lot of attention, but again, prices NEED to be lowered, in my eyes at least, in order for them to really explode.
also this video is only one side audio which is weird.
Well that is not really how things work. Depending on the number of sales, you can set a suited price for the company to sustain. If they did every thing to cut down on cost (even salaries 0:28) 2 options is presented (no magic trick) - either they produce more or - raise prices much higher
-> going premium was a strategy to get investors but also to raise enough money for tooling. Since they deliver cars, I assume they now have tooling. With that manufacture they now have to know the maximum number of car they can produce (because it is when you produce the most that you have the highest margin). Having product diversity (very different product in the lineup Air & Gravity) helps in order to optimise a maximum of sell/produced vehicle (just like hyperthreading in a processor core).
-> there idea of bringing innovations to cheaper models can work only if you can mass produce them. But they ain't got the tooling to compete with Tesla or VW numbers...
So they have to raise prices way up with there Bugatti killer. Sapphire shouldn't be considered as a "special edition" but more like a phase 3 of an awesome vehicule. Then do expensive customisations & or exclusive editions on top of that ! (to get as much money as they could of) But they should of stopped the Air if they arn't profitable enough, just like automotive industries stop phase1 or 2 once a newer version is released.
so you're -80%/-95% down, right? Seems like a great investment
Their 600 mil loss is the ceo 600 mil bonus 😂
You are correct on SUVs. I never thought Rolls, Bentley, Lamo or Ferrari would make SUVs but guess what, they did !
The Lucid Air Touring, with a similar range and performance of the standard Model S, costs $46,000 more, AFTER Lucid's discounts. That's a hefty price to be a contrarian.
Lucid Gravity is going to be a big hit. I own Lucid Air Touring and it's my favorite car so far (had Model S in the past). Current stock price is perfect for a long term position. Be greedy when other's are fearful.
How about now, nearing 2$.... Do you know how many car companies went bust in the last 20 years? Do a Google search...
This aged so so so poorly
It's been 4 weeks only. If that's what you call aging for a long term investment. You are in wrong business@@ricardosousa11
I just bought 1200 stocks at 3$!!! I’m gonna buy another 1200 next week!
@@Gtabullyvard_ ouch, -15% already
I can't stand CEOs being paid so much.
ELON does not get Paycheck from TESLA.
Elon is a volunteer at Tesla. He works there for free. @@markplott4820
its obscene for a dude that only sold 6k cars in 2023.
I bought a Pure and it's terrific.
lucid needs to sell at current price or lower to promote the car. It's better than Model S
they just dropped the price on the '24 afaik.
They are selling to the wrong market, Luxury!!! When they can sell/bring a product, to the mass market, then they will succeed. I too love the Lucids.
Check audio its mono
ffs lol
I like the Lucid brand.
Car Purchas: I would not buy a car if I do not have a guarantee there will be parts for it. Stock Purchase: Wouldn't touch it until after bankruptcy.
The CEO robbed Lucid dried.
We're fine! They're trying to scare everyone with the share price. We have enough cash to coast through 2025.
will it ever be at 50s???
What I think will happen. Elon will try to price into the more budget brands. While still trying to market to the higher end people with the S.
But to people with money, why buy a Tesla when you can have a Porshe that doesn't cater to peasants? I call it the walmart effect. The more Tesla markets itself to the masses. The more the brand will lose its luxury appeal. This is where Lucid will come in and take market share with higher-income individuals.
Lincoln doesn't cater to peasants tf are you talking about
Lincoln doesn't exactly cater to people on a budget
@michelep9477 meant to say Tesla. Idk my phone put lincoln.
Great video. Accurate reconstruction. Elon is just smarter , he did everything perfectly in terms of marketing. I remember back in UCLA I did a project where I had to analyze the story-case of the first Roadster; made for rich people at high price in LA. Back then nobody, literally nobody was aware that the car industry was going to change dramatically in couple of years. Here we go, if it was a chess game, Elon would win in check mate. As you accurately described model 3 is now affordable, model S cheaper and even the new cyber truck is not crazy price. Big win for Elon and Tesla
you're wrong. Elon has stated many times that getting to the scale of building the model 3 couldnt have happened without the model S and X, and the roadster before it. This is not unique to EVs either as it is harder to make a mass vehicle at that price point because margin is so slim. What lucid should have done was build a vehicle that did not directly compete with something Tesla made like rivian has done with the trucks
Loocid Air is a PIG with Lipstick.
LET'S GOOOOOOOOOO LUCID🏁 FAMILY ❤WOOHOO! 🙋♂️❤️🫡🥳🥳🥳🥳🎉🎉🎉🎉KEEP ADDING ON TO YOUR LUCID POSITIONS EVERYONE STAY FOCUSED AND DISCIPLINE HARD WORK DEDICATION TOGETHER AS ONE LUCID FAMILY ❤️🫡💯
yadda, yadda... Learn a thing if you want to tell us about cars.
Rawlinson was chief engineer at Tesla. Musk only recently took down the Tesla videos where Peter, introduced as chief engineer, shows and discusses the design of the Model S battery.
Rawlinson's big payday was stock options he was granted over his years developing the Lucid car and company, and only became vested after the company went public.
Times are tough all over right now, and it's not just EVs. Go by any Ford/GM/Ram dealer and look at the lots full of unsold m.y. 2023 $90k pickups.
Lucid is funded and majority owned by the trillion dollar Saudi PIF sovereign wealth fund as part of their Vision 2030 national priority to establish a 'green economy' footprint.
I suggest before making a review on electric car to first understand your YT clip sound ... Mono, Stereo.
i think its the best ev
Yes.
The problem with this vehicle is that for the most part it's unaffordable to average income people, even base model. Where's Tesla model 3, you can hack out some cash on it.
Should have had a SUV
An amazing vehicle, but a bit of a niche market and a higher end luxury product won't sell as well in a recession. The new Lucid Gravity looks like a minivan which is going to be a problem. Also having to compete with brand names like Audi, Porsche, Mercedes Benz etc. They are probably going out of business. If I had to choose between Lucid and Rivian stock, I would choose Rivian.
Minus that strange front light, huh, I very much prefer the looks and the useful interior-widgets of the Rivian. One thing I heard though that it is quite an EV-guzzler.
Tesla spent 17 years before turning a profit in 2020. This is partly due to production costs and supply
if I have the money . . . I'd buy it over any other
i think rivian is not gonna survive. lucid is backed by saudi's money but rivian has nothing and amazon just canceled a lot of orders for new amazon trucks.
I drove the Lucid Air Pure, fully loaded and it’s such a fucking beautiful car. I love it so much, my friend bought it and I’m very envious. MILES better than a Tesla imo.
Your wrong. Saudi’s will not let this fail. Too much invested already
The Saudis will not stop their backing of Lucid, they are in it for the long run, they understand the principles of patience better than Musk.
No if they built smaller affordable cars they wont
Lucid only have 6000 costumers pr year 😂
I smell bankruptcy in year 2025😢
They are Boulding a Big Factory in Saudi . Gravity'' looks amazing . Lucid is 900 W Technology ! Superior to Tesla ! Lucid is True Luxury too ! Better Quality Materials !
Elon also claims he’s the founder of Tesla so…
He is. He came in 6 moths after it was incorporated, put up a large part of the initial funding. And lead the production. Tesla without Elon would have been just another failed EV company. He founded it.
Infinite Shitts - FALSE , Loocid motors is OLDER than TESLA , Loocid motors was FOUNDED in 2007 and is MORE than 16 years old. and even OLDER as Ativa motors.
TESLA was FOUNDED in 2009.
Wrong/False about everything you said!
looks like garbage compared to Nio ET9
Lucid, is way better than Tesla.
when american content creator can't even see the rising chinese ev, this channel will be doomed to obselete... lucid will never be able to compete to chinese ev let alone to tesla
I just checked and Ch seems to be coming out and/or already has been coming out now with some (for a change) surprisingly very appealing designs indeed.
Elon? who was never a founder of any of his companies. what a joke
Sure sounds like a hater.
It's one thing to disagree with Elon on Lucid but to say he's not the founder of any of his companies is ignorant. Who founded X AI, Space X,StarLink, Neurolink and the Boring Company?
tesla won't even see its brighter day if not of musk
@@achasilas6535the boring company 🤣
Oh yes tell me how sorted out Tesla was as a company before Elon took over? They had some theories does that make a business?
It doesn't matter if Tesla had a headstart. Lucid could have copy everything that Tesla did right, and avoid everything that Tesla did wrong. But they've got a bit cocky, and instead compete with Tesla. Don't bet against Elon. That madapaker got the will to win no matter what.
Infinite Shitts - PETER promised in 2021 that Loocid would Produce 200k , since then Loocid has been Backpedaling on Production & the DEMAND for Loocid has dried up, now with ZERO Demand.
False
Looocid motors is Fraudulent and LCIDQ will go to ( - $69 ).
RT now , with the actual technology ,EV'S are dead.
No. The problem is the price. The lack of a dealership network.
The problem is sedans aren't in demand.
😯💩🫣