No more price cuts planned at the moment, says Lucid CEO Peter Rawlinson
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- Опубліковано 2 чер 2024
- Peter Rawlinson, Lucid Motors CEO, joins 'Closing Bell Overtime' to talk quarterly results, the state of the EV space, Saudi investments and more.
There isn't many companies like Lucid, so I can see why the stock price struggles. It's difficult to ignore current figures but on the other side you have a company expanding regardless of interest rates and moving ahead without really having to worry about liquidity. They quadrupled one of their facilities and are opening a new factory in Saudi Arabia at the same time as some other EV's are going BK. They really do have a cheat code.
Saudi'a unlimits cash flow 🤑
just because u have a cash cow to milk, doesn't mean u can keep diluting your shareholders
at this pace of stock offering to PIF, saudi might as well privatize the entire company
The PIF could easily take Lucid private but has both tax and image advantages in not doing that. Additionally, why pay 100% of future funding when they can pay only 60%?
Saudis should fire Peter
Listening to a live interview yet it sounds like he's story telling 😅
LCID will be $50 stock in 5yrs....mark this post!! IA
😂😂. Good luck for you
😂Wake me up when Lucid Motor make profit selling EV's
That's tells me you don't understand Earning Report 😂
😂😂😂
Unfortunately no.....🙁
40% increase and delivered about thousand vehicles in a quarter
140% of a small number is still a small number.
$hort LCID
RATS , leaving the Sinking ship , LCID
Lucid was a scam from Day one, a scam brainchild of Faisal Sultan that worked in Saudi industrial clusters. He joined hands with the west on how to con the Saudi govt into milking them. Faisal used to be a low level Chrysler contractor in the 2000s that has done nothing, and now sits and gives sermons on localisation. He hasn’t even localised an automotive bolt in his life. But the Lucid folks and Saudis have accepted him as a MD. Happy milking.
Lucid will never work in Saudi. Manufacturing requires skilled manpower and Faisal knows there isn’t any skilled manpower in Saudi. Happy milking the stupid Saudis.
😂. He looks drunk all the time.
He's a British auto innovator.
This guy should be a shakespearean actor.
How's Elons dik taste fanboy. If it doesn't taste like ass yet it will soon.
If the $70k car is real, then the 9k production number is possible
They have sold many $69900 Pure already with very good feed back.
Good time to buy
Wow, they are looking good now, only lost $684 million. Give Peter more money.
PAY ELON
Lucid will probably do a reverse stock split and then hopefully in the near future it can grow. The cars are beautiful
He got answers memorized … poor ceo
so true though -Lol
Sold only 6000 cars in a whole year? What kind of company is this😂😂😂
Still a $3 price cut on their stock coming
Time to buy MORE TSLA
TSLA sales dropping , 2nd quarter will be worse
Both can coexist… Stop with the Tesla vs Lucid even as a Lucid fan I know Tesla is great and better! Come on.
Agreed…long term investment. Mark this post up also ❤
Go take that Risk with Tesla instead
the concept was great, but unfortunately everything is going downhill. would not be surprised if they privatised everything and started from there
Lucid outselling Porsche Taycan, Mercedes EQS & EQE, BMW i7, Audi EQS. Auto market is in a downturn for everyone in the higher end of the market. Just look at dealer's lots overflowing with high-spec gas pickups. We all (should) know that the auto market is cyclical. As interest rates decline and markets normalize Lucid will be here with a broader product line. Nobody makes money on large Luxe sedans in the US. The Lucid Air is more of a statement, a halo car, as the brand builds out its product line and global sales and support network. That's where all the money is going.
What are you smoking and were can I get some. Or due you have a stock price for this 😅
Best CEO out there in the EV sector. In two years he will be the KING of EV's.
Lucid just need to fix their charging network, I can tell you guys, their cars are far better than Model S
Lucid= "lose it"
LCID = Dead man walkin.
When I look into his eyes, I don’t see future of this company..share not moving over $2/ share C’mon Mr. special weapon it’s still a penny stock.
It’s a long term play , how long ? He sound it like 50 years from now 🤣😂🤣🤣🤣
Special relationship… oh boy that’s the precursor to privatization and then a relaunch later ….Current shareholders asta la vista
LCID = Titanic 🚢.....
Belly up from the start
The car does not have a body that is worth $150k. It’s not ugly it’s just not $150k. I own a Tesla there’s no value created to make me Switch.
Great company, great cars, and the worst CEO
😂
Lucid high quality cars but bad CEO
Why show him former TESLA VP ? Would that make him look good ? Despite dismal results
Peter , never Finished the Model S.
Lollllllllllllllllllllllllllllll
Lucid is the biggest disaster... clearly no hope for this company.
China well buy them from the Saudi market
Bankruptcy!😂
🤑Will Lucid pay the CEO Peter Rawlingson 400,000,000 $ this year too??
Right. A CEO makes money disregard the profit of business. What a joke
“Overtaking some key competitors…”?!?! Don’t kid yourself Rawlinson.
He's tooo old to compete with Elon😢😢
Easy short. Especially w that that over exasperated old english accent
Sells a car for $70k which loses them $350k per car, and yet they can't sell more than 9,000 cars a year! 🤣🤣🤣
Meanwhile, all the bagholder share holders are here shilling the stock saying its the next Tesla! Delusional 😂
🚩Lucid only have 6000 costumers pr year = BANKRUPT year 2025 😢😢😢
2024.
After fisker it will be Lucid😂
Special weapon!! cnBS is a joke in EV coverage
Another fisker, glad I sold 80% of my holding before earning
Lucid is already hemorrhaging money, they should sell there cars at
$30,000 (at the rate they're losing money (69,000 - 30,000) * 9000 cars is not going to make a significant difference in their bottom line. Getting more cars on the road would increase knowledge of the car, and if they work well interest in the car, and ultimately sales of the car will improve. As of right now they have a much greater ability to make more cars then they sell. Lucid planning to make 9000 cars, Tesla's planning to make and sell over a million cars. The reality/difficult truth is there's very little interest in buying a Lucid vehicle.
주주는 가난해지고 있는데ᆢ피터는 많은 수입으로 행복해 하고 있지ᆢ 😢 능력없는 피터
i hate this stock and peter
Rawlinson is so full of it he can’t admit no one wants to buy his cars.
NIche company in a niche market lol....good luck. Wait till they start issuing shares to meet expenses. Until they have solid state batteries, don't talk to me about " leading edge"
Full of BS
Lies lies lies, always sounds pretty in the soft British Accent. Study body language, he looks down and to the left 🤦♂️
Will Lucid pay the CEO Peter Rawlingson 400,000,000$ this year too??
If it wasn't for Saudi money Lucid would have gone down a long time ago. Gotta love that blood money.
Going down to micro pennies then delist coming. Stock is a bust
Loocid , wont even PRODUCE 1,000 in 2024 , lack of DEMAND.
Biggest SCAM ever after FTX --just look into the cash flow vs dilution vs comp he's getting since inception --I guess he found a cash cow called Saudis 😂
Scam is promising a car, taking money, and never delivering it (Tesla, Nikola, Fisker, Aptera)
PALINTR
@@daneshj4013 LOL - just letting you know --still have my full short position -:) --and then will buy them when they go to garbage OTC stock
@@daneshj4013 I was gonna point out Nikola, but you beat me to it.
lucid= bankrupty
Peter = Khashoggi
@@markplott4820😂