Lucid stock crashes after shocking results - investors lose billions
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- เผยแพร่เมื่อ 11 ม.ค. 2024
- Lucid stock crashes after shocking results - investors lose billions
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#lucidstock #investorlosses #evproductions #evsales #evnews
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There is zero mass demand for sedans in the 160k dollar range with no service centers and zero charging infrastructure.
Rolling up to EvGo next to a Chevy Bolt ready to catch fire for 45 minutes in my Lucid. 👀
You mean No one is Buying Ferraris and Bentlee's anymore ???? really Men ??? Come on ?
@ivanronin8209 High-end luxury sport cars are different.
Net Zero demand
I called it when they opened the billion dollar factory here in az. Delusional fantasists.
I agree with you. The Lucid Air is the best looking EV currently and it's a shame no one wants it or can afford it. The CEO making 400mil is criminal.
Looks like a old man's car, a old fart😂❤😂
@@henryTech720 it's gorgeous.
Agreed although the sapphire is pretty fire.
Nope it looks like a blob
Opinions.... The best looking, but it doesn't appeal to the majority. Rolls Royce and Porsche has huge demand.
People in the US do indeed buy sedans....lots of them in fact. We just don't buy enough $100k+ sedans to keep Lucid buoyant.
I, in the US also prefer sedans though the trend is ugly lumpy crossovers hauling extra glass and sheet metal for 100k miles. No doubt. You see them and the silly crew-cab + Jacuzzi bed trucks everywhere. I think it has to do with gasoline prices supporting those vehicle purchases. If gas gets to $6 or $7 over time with normal inflation I think cars will return to reasonable proportions. Shame about those beautiful Lucid cars. They made Teslas look like Ford Pintos.
I have a MASSIVE problem with company officers marking gigantic salaries no matter the companies performance. Who could possibly believe that you couldn’t replace the CEO with a team who’s combined salary was much less than $400M. Additionally, compensation policies are very often structured to incentivize SHORT TERM decision making….
It’s not up to you, it’s up to the shareholders. If you want to buy shares and then support the idea of employing cheap executives to run your company, then go for it. But don’t expect anyone else to support you
@@IverKnackerovlet the UAW run the company that will fix it
@@IverKnackerov Most shareholders don't understand this so well, so it's not really up to them. Many are dupes imo.
surely the shareholders of Lucid is performing "welfare services" funding a "spoiled ceo. A qualified guess is that Berkshire Hathaway whould have payed that ceo a couple of visits in case they owned shares in that welfare CEO company...... he is laughing all the way to the bank with his "income", while the credit facilities only goes one way.... @@davidnika446
Share price dropped to $2.96 this morning.
The CEO should have received $19.34 an hour with no stock options
I would give him a $100,000 salary, WITH stock options, ** vested over a 5 year period **. Does that sound fair?
He should return all the money he made or go to jail.
What was tesla shere price when. They started?
Some one kwos it they take it prove how much will. They pay a shere
@@betosilva1314 English???????
I agree with you 100% on your rant against the outrageous CEO pay for Lucid.
It is indeed incomprehensible that the CEO receives so much money while his company is in poor shape. The workers who earn very little are also forced to buy an expensive car to save the company. In fact, these workers are saddled with an expensive loan and immediately have a large debt. While the CEO gets paid 400 million. Basically criminal behavior to steal so much money from workers.
It’s MLM scam. Taken straight from Herbalife, Amway. If only believe in being rich, you will be rich.
To quote one guy "That makes him smart". That's just the way the rich work. They play by a different set of rules. IF you or I did it, they would say "lock them up", but when they do it, it's justified. This should be illegal if it's not.
They're forced to buy a Lucid? How?
They just need to double Peter Rowling's salary to encourage him to work harder 😂
And to keep him aligned with the companies goals (does that sound familiar?)
That's what public school teachers have been saying for years! 🤣
Somehow the extra money magically makes crappy employees more productive!!
...just like how the same car is more reliable if you give the dealership twice as much money!
If I'm not mistaken, or got any numbers completely wrong, this means the CEO earned more than 50k for every car they sold 😱
So basically the car could have been about 30% cheaper if the CEO was just earning a million. Maybe at that price it would have been successful...
I make it closer to $67k per vehicle delivered. Which is insane - that’s got to be the whole profit on the vehicle, pretty much.
When Rawlinson got a huge bonus while the company was underwater, I knew they were doomed. Shameful hubris, terrible management. Waste of Saudi money.
Cool down. Lucid will pay Peter Rawlingson 400,000,000$ this year too 😂
You're worried about the Saudis?
Waste of Saudi money is the only good thing about Lucid.
Why are you happy about it? The Saudis are investors like others, so if they lose money by Lucid, nobody else will invest in this company and a lot of good paid jobs will be lost. So if you are a USA citizen, you should worry about it.
@@simodovic1731that’s just capitalism. Those “jobs” will be absorbed by better more successful companies. The world will move on like it always does when a company fails. Lucid going bankrupt isn’t going to affect anything. Stop being so dramatic.
To design a new and nice product is the smallest problem. Much bigger problem is to ensure its mass, and mainly profitable production.
I think the Saudi Arabia's sovereign fund has most stake in Lucid, not many individuals
The Saudi Arabia Wealth Fund is the Saudi Royal family. You don't think they have all their Cronies on the Board ??...
When CEO makes that kind of money for doing basically, nothing positive and the stockholders are okay with it. And hold the stock I don't have a lot of pity
I’m currently retired, and considering the current rollercoaster nature of the stock market, I decided to stay on the sideline for awhile, now I’m worried with the numerous bank failures as of late, am I better off reinvesting my savings in the stock market or do I wait?
Its best if you buy growth/blue-chip/large caps stocks only duo Its unclear which stocks and sectors will lead the market in the next uptrend. looking at your budget, you should consider financial advisory
Exactly what I’m doing again this week. The smartest thing I’ve ever done was having 30% in cash to buy on the way down in 2021. It hurt watching 30-40% discounts drop to 50, but grabbing Google, NVDIA, Apple, and others near the bottom has paid off
Excellent info. My problem is when it starts dropping I think it's going to keep dropping for awhile and I wait so I can get the best deal. Next thing I know, it's back up again
Amazing speaking with her on the phone, I really Appreciate 🙏
Rollercoaster is what the stock market does! In any case the Dow just recently hit all-time high of 38,000. You are fixating on individual bad events, like a bank failing somewhere. Bad events like bankruptcies are baked into the capitalist cake, but they are not the same as the "stock market".
I'm actually kind of sad because Lucid has so much potential. When their CFO quit and the stock crashed, it was the beginning of the end. Their cars are beautiful and had features that i wished Tesla had
They're beautiful, but not built to suit the market.
I made a series of profitable put trades and bear call credit spreads on LCID. The CEO sounded like a carnival barker from the start.
agree with you, CEO is a shame
US CEO mentality rinse the company of cash whilst delivering little value.
All US car manufactures with the exception of Tesla, Boeing etc etc
I actually think now is a good time to buy
I think Cory from Munro & Assoc will be really regreting leaving Munro and going to Lucid.
IMHO you are 100% right. I also think that Cory didn't learn from the Pure Experience Sandy was giving on each vehicle tear down. Wonder if Sandy would get him back, I wouldn't just for the idea he didn't get the real facts despite all the info and data Munro and Assoc. were getting for each vehicle, and the fact that Sandy almost NEVER mentioned Lucid or anyone related to the Lucid company.........
People know him and he’s not a dumbass, he probably gets great money from them now and will find a good job later easily too if Lucid goes under
That SA article is almost 100% based on the stock charts which IMO is little different to using star signs or tea leaves to predict stock price movements
Lucid bankrupt 2025
@@jorgerobles628Munro doesn't even know how a heat pump works.
There's quite a few of them here in Southern California and they look great
Tesla is the next Tesla!
The CEO will be at Davos next week and get a round of applause! Thanks to him many more have nothing!
Peter is Khashoggi.
TSLA is over 20% down from December high. The investors have lost over $100 Billion.
I think the auto market is over saturated with choices. I sold cars in the 90's. Each dealer had about 5-6 models; from low priced, to higher end. There were a limited number of manufacturers. Now, EVERYONE is a car maker (especially in China) and ALL the models are high end. There are no more 'entry-level' cars out there. You can't walk on a lot and drive out with $1500 down and a $199/monthly payment anymore. There just are too many choices, none of which fits the bill for everyone. If you have more money than sense, you can lease anything you want. If you are a couple starting out, with average paying jobs, you can't even afford cars now, even used cars. Something has to change.
Rawlinson has always looked like a chancer to me , R.I.P Lucid
Peter is Khashoggi.
What amazes me is that whoever owns one can’t get anywhere faster than I can with a good, practical Japanese car that never lets me down.
And neither will get there any faster than my Ford...since we're name-dropping for some reason...
Nice presentation and nice realism -not over idealising the EV dream in this instance.
If an EV manufacturer made a 2000’s Ford ranger size pickup truck with about 300 mile range for no more than 30k they could sell every one of them.
Seems like a great time to buy 😀
CEO pay has been disproportional for more then 30 yrs and corporations have been controlling outcomes for way to long
The CEO knew this company is not going far. That's why he is robbing lucid now. For the executives, it's all about maximum profits
Yes, I can remember you saying this.
The last financials reported they are losing 500,000 dollars per car! Got to hurt😢
But Lucid will pay Peter Rawlingson 400,000,000$ this year too 😂
Even Ferrari has difficulty selling cars that cost $650,000 to make.
That's why they need more sales, they'll make it up in volume.
A lot of the smaller EV companies will not make it. Including some cHinese EV makers. It is an up and coming industry that is ripe for consolidation.
I would caution EV buyers to consider how will they get spare parts and service for their vehicles if the company is no longer around.
Indeed, the CEO getting paid that much is ridiculous but sadly, it is not the first time I've seen a story like this...smdh
If I won the powerball, I'd buy a Lucid Air. But I won't spend the money I actually work my tail off for a car that expensive - particularly one with with an excellent chance of being out of business in two years.
I really think Lucid, Rivian and Fisker should merge as one company, under one name, as they excel in separate segments but too small and weak, alone. Tesla is an exception because of their massive Supercharger network, lower-cost 3 and Y cars, and battery storage business. If Tesla relied on just their Models S and X, they’d be teetering on bankruptcy.
Even if they weren't all very ego driven and actuallt tried to pull that off, it would be crazy complicated and would most likely fail ... prob worse odds imo ..
Horrendous idea. Two turkeys don’t make an eagle…😂😂
If you can’t run a small company & scale one assembly line adding more complexity will just make things worse.
They are teetering on bankruptcy.
I would trust nothing that rivian worked on. They are the worst of the worst in quality.
Telsas are still junk. I'd take 20 year old Honda Civic over a tesla any day of the week.
I hope you are current on a recent Hertz statement. It hurts. It's game over. You are very charismatic, you will be well covering other than EV topics. BTW, when you said "who drives sedans" it's like saying "who drives Lamborghini". A toy for the fortunate
"Nobody really buys Sedans anymore" Yet most EV's that are selling are sedans or derivatives. Legacy manufacturers are pushing the non Sedan EV's that clearly aren't selling.
sedans will make a comeback,
The manufacturers are hunting low electric power consumption that's why we get the Sedans.
It can be interesting to sell "some" expensive Sedans, but as you mention most people buy other cars than Sedans. Later on we will get different kinds of cars, but maybe in the US people also start to use smaller cars like people have done in Europe.
only Because their Vehicles are VERY Crappy design.
I saw a Lucid last year while doing Amazon Flex, and yo it's definitely nicer in person than in videos or pictures!
The design definitely sticks out from the rest of the sedans, and that Lucid emblem glow is pretty cool looking on the hood!!
I live in Denver and I've never seen a Lucid on the road. Must all be in California. 😊
The UAE will want to own this company 😉
the chart you showed illustrates a strong increase in steady sales through the worst of the inflation. if that continues lucid will have a record 24. see i like facts, actual facts with science and mathematics.
Things to love about EVs:
1. Child battery labor
2. Range anxiety
3. Risk of garage fires
4. Paying 20k more than a comparable vehicle
5. Battery degredation
6. Poor resale value
7. Reduced performance in cold, highway
8. Higher repair costs
9. Awful charging network experiences in the weather without restrooms
10. Higher insurance rates
11. Replacing tires more frequently
But hey theres a tax credit!
No tax credit on a lucid. You got to be a baller to own one of those. 😂
Sucks the things companies do to minimize cost and maximize profits eh? Literally risking the future of humanity to profit off a rapidly depleting resource.
Where's your outrage about that? The USA has more than enough resources to make it's own batteries. Why don't we? Because people just want the cheapest no matter what.
Don't blame the EVs, blame the lack of willpower and spine.
ICE VEHICLES TOOK A CENTURY TO REACH ACCEPTABLE QUALITY LEVELS.. EVs ARE HARDLY A DECADE OLD, GIVE ANOTHER DECADE SO THAT THEY WILL HAVE CHARGING INFRASTRUCTURE IN PLACE, AND START MAKING CARS WHICH WOULD BE RELIABLE AND ALSO CAN BE REPAIRED ECONOMICALLY WHEN NEEDED
@@vijjreddy ICE vehicles are the literal reasons the world has evolved and developed for over 100 years. EVs have done nothing but move people on golf carts.
These points are a list of things to hate about ICE trolls.
I saw a Lucid car on the road. Very nice. Worth USD$130k? Hell no.
Are they still developing the Lucid Gravity?
As an automotive enthusiast, I always disliked Tesla. Their cars are great, just not for me. Lucid, by their sense of engineering and vision of BEV, made me consider an EV, one day. It's a first. Of course, many red flags are there, but I really hope they won't disappear.
What we have learned from the Enron scandal is the harder they push the stock the more you should avoid it. Think about it, if someone knows the stock is a good deal they sure as hell won't tell anyone. In fact if they want to buy the stock they would be telling everyone to sell.
They already bought the stock and now need buyers to drive the price up so they can cash in.
Buy low, sell high. But tell everyone buy high, sell low.
I work for a company that makes a major component for lucid. Have devoted a lot production floor space and efforts to supply lucid and in end program is a money loser as demand not there. Volumes never reached what were told. Area in factory idle for much of time. So money loser for company. Company trying to exit now. Lucid to go bankrupt as Saudi soon to pull out. And as many write here no demand for $160k sedan with only rich maybe to buy but then most of these rich people dont want to chance with car having issues with service or then too spare parts in future. Think if really want one, just wait a year and can then get used one for $10 to $20k.
Time to buy lucid stock and get rich!
Excellent breakdown, could you do the same financial analysis for Canoo ?? Thanks for all you do 👍🤙✌️
Canoo is a FRAUD.
Do you think someone might save them before bankruptcy, by buying a controlling stake in the form of newly issued shares e.g. Ford, GM or the KSA?
The saudis already bought a big stake not too long ago.
@@abrahammc2125 could they buy more like what they did for UBS…
When a company is not doing well and the CEO is making a ton of money it should be very clear for investors that the company will be going under.
And WE are RIGHTFULLY SO COMPLAINING about GM’s CEO 29 MILLION DOLLAR SALARY this takes the word GREED to a WHOLE NEW LEVEL !
Afternoon mate
The only car company that invests in the right measures is Tesla by reinventing the entire manufacturing process, plus scaling their own charging network. Everything else, including self driving, is irrelevant for selling EVs profitably.
It's not self-driving, and after all this time, Elon couldn't have invented the LFP battery, or solid state batteries, instead of sticking to that outdated batteries Tesla still use
@patrickjoseph1408 Well, it is not important to invent such batteries or to produce them yourself. Much more important is the profitability. If you can buy such batteries at an affordable price from other companies like CATL or even BYD, why should you invest a lot of resources in these tasks? Better you should focus on the scale of production and the improvement of processes and products.
Cheers mate
Great car but bad CEO
Thanks
Welcome
thanks for the great advice Sam... you saved a lot of people from getting wiped out. keep it up and never mind the ICE lover comments.
Recently a Swedish bank reported that the value of polestar (partially owned by Volvo) should be considered to be $0. Many EV car makers will not make it. It will be difficult to receive service and support once these companies go out of business.
EV buyers beware!
I actually bought some in the begining and sold most of them for big profit..now i own a few but im gonna hold till it blows up or goes under..either way im still a winner..
I bought Lucid at $23 and sold it at $52
So you’re the guy who made a profit 😮
Congrats, you cashed out early in a ponzi scheme
Peter Rawlingson - is that you?
same with Fisker
When they were hiring the CEO he said double it and give it to the next guy. But when the next guy came he too said double it and give it to the next guy. This went on for weeks and here we are
Another informative message from the Tesla Promotional Network.
Their first vehicle should have been a compact SUV in the $50K range, like the Tesla Model Y.
I was surprised they still operate..
can you make a video about Polestar
Ironically 400M was the identical salary as Moderna’s CEO. Hmmm
Lucid does make an SUV called the Gravity. Also sedans will always be the best form factor for performance and aesthetics.
$400 million salary for a company CEO @ lucid which is losing money.... OMG!!! That is day light robbery!. Too much $$$.
Cool down. Lucid will pay Peter Rawlingson 400,000,000$ this year too! 😂
This is like gamestop I'm buying stock now !
Lucid has really really nice cars, amazing technology, however, their pricing are way too much higher than what it offers.
There is no amazing technology.
@@wizzyno1566 You have no idea about their motors.
The target should have been small SUV for $30k. Demand for that would be through the roof.
Sad thing is the car is actually fantastic. Great range ride quality power and driver feed back.
The s class buyers or 7 series just don't wanna try it yet.
If it was a SUV sales would be better for sure
Sorry but a 7 series or a s class buyer, usually makes money by the thousands. Waiting to charge would be detrimental to lose a real estate deal etc.
@abrahammc2125 bro this car has 500 miles of range and very fast charging 😂😂
This car is quite uncomfortable if you are over 6ft.
Backseat is small. Car is very low and uncomfortable to get in and out of.
It’s also plagued by many mechanical problems.
@@senoow4215 I have been in cars that charge faster than the lucid... It takes 50 minutes... stop lying.
But repair record is terrible.
RIVIAN, LUCID, FISKER, POLESTAR, TESLA.
I own stock in all of them.
Not gonna abandon them.
Foolish
They make great golf carts
Stock price is $2.71 now!
Buy buy buy TSLA
Lucid will grow..
Sounds like lucid motors is following the lead of GM with Mary Barra and her Hi salary.
The reality is when consumers learned that all electric vehicles have a big problem. It was to late people bought into it the narrative that is.
The weather determines the operating performance.
Which means you could be stranded in the cold or heat.
The same thing can happen with a gas car if you let it run out of gas. A little bit of planning avoids the problem for any vehicle.
Investors has made Peter a rich man.
Can Corey at Munro Live save Lucid??? What a scary investment to go down over 90%. Sorry to those that put all their savings into Lucid
Engineering is not Lucid’s problem. Lucid is adrift in terms of mission, addressable market, cost, manufacturing, distribution, charging, warranty, volume, corporate structure, and every other factor necessary for a profit.😮
It seemed obvious this was going to happen because of the unpopularity of sedans as you said, and how exorbitantly priced they are, not to mention, kinda ugly.
Anytime a CEO is cashing out, you should too w/I seconds
Ceo knew they were going to tank lined his pockets and he’s set for life. Zero f’s given if company succeeds!
I’m a shareholder ,and yes I have been thinking for months WHY is this company not performing. This episode makes a lot of sense. I only see maybe 1 lucid every two months on the road. I believe they are better looking vehicles over Tesla but the truth is they are simply not selling
Honestly ! Lucid is the best EV cars company after tesla but they need to start producing SUV cars (Gravity) and small SUV cars similar to model Y with competitive market price!
Maybe things will look better with the launch of their new SUV
Blows my mind any CEO could be a millionaire running an unprofitable business.
Theyre basically taking investors money off the table.
CEO pay detached from company performance. Can't feel sorry for investors who didn't do their diligence, clueless of the tech, nor have a grasp of Rawlinson's bs.
In this economy, few are buying 6 figure vehicles, EV or otherwise.
thats to bad , lucid is a beautiful car but its just to expensive.
And yes so often these companies just sell stock and dillute the shareholders down to zero. pay the ceo some exorbitant salary, and stock options. we need laws that would reduce the salaries of the top executives when of company is losing money.
400 MILLION DOLLARS for a company that makes about 10,000 cars a year? lol. WTF?
what else do you think investing does? its what companies want when they promise products like startup battery companies promising "breakthrough" batteries and years go by and they make nothing, its all a scam. and people need to stop investing in these companies and let them make money the right way, with actually making and selling products.
I worked at Lucid and it was a shit show! Most of us worked late and on weekends all the time as we were under constant pressure to meet impossible deadlines. Totally no work life balance for 95% of the company . I was so happy after I quit !!!
What deadlines? Making cars to park in the inventory lot? I think you should have taken your time and produced less.
Please make a video on vinfast
I really hope Lucid makes it. Competition is good and I don't want to see Tesla being the only game in town which they kind of are if you're in the market for a usable EV that you can just get and drive across the country like a regular ICE car without having to worry about charging. Last week, the Sapphire lost badly to a Plaid 3 times in a row at a dragstrip in the first ever matchup with actual customer cars. Hopefully they can figure this out and further matchups will have the Sapphire trounce the Plaid, by a wide margin, like it's supposed to.
they Dont even sell a Compelling Vehicle and the $80k PURE is not coming soon.
its unlikely GRAVITY will ever be Produced.
Plaid as a car name...WHY
@@mikemiller659 Spaceballs.
I think the Saudi PIF will let it go bust, buy the assets it likes, keep many of the engineering team, and start again in control. It will like focus on an electric mid-size vehicle