Lordtrade500
2022-03-01

$Lucid Group Inc(LCID)$disappointing performance but at least it inks in their first performance results financially for a startup luxury EV. 

Lucid Gr Q4 Sales $26.40M Miss $36.74M Estimate
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Comments

  • MyrnaNorth
    2022-03-01
    MyrnaNorth
    I almost bought this afternoon before earnings but I chickened out 😅 I will watch it tomorrow tho, if it falls below $20 I will buy for sure!
    • Lordtrade500: 
      in the current macro environment and investor sentiments (max fear) the earnings might push it down to $20. however, it’s super irrational now (some got great ER, but stocks 📉) so we will never know
  • BaronLyly
    2022-03-01
    BaronLyly
    CEO sounding confident and optimistic, Lucid signed a lease agreement today to build cars in Saudi. Expansion and more production coming later. Going Long on shares!
    • Lordtrade500: 
      hope that with the outlook, their growth will be exponential!
  • FranklinMorley
    2022-03-01
    FranklinMorley
    you got to wait until 2025 for the factory to break ground. They might not be around by then. GM, Ford, VW and other OEMs will kill this off.
    • Lordtrade500: 
      that’s right, very competitive environment soon with moderate-high barriers to scale.
  • breAkdaWn
    2022-03-01
    breAkdaWn
    what did you expect? billion dollars profit? for selling 200 cars? patience ..will deliver great results
    • breAkdaWnReplyLordtrade500: 
      true it's disappointing.
    • Lordtrade500: 
      you’re overexagerating & assuming. my expectations as an investor was just meeting their 520 vehicles goal. simple. am still believing in them but u can’t deny that it’s disappointing.
  • MatthewWalter
    2022-03-01
    MatthewWalter
    do i need to dump all my lucid stock, 10,000 shares, and cancel my reservation? I’m loosing trust to this company.
    • Lordtrade500: 
      cancel reservation? no imo. it’s a great product in many ways. rawlinson’s goal in positioning for lucid DE is quality,rarity, luxury over quantity compared to other ev car manufacturers.
    • Lordtrade500: 
      dump lucid stock? i’d only say my 2 cents is this is their FIRST proper financials from their sales which only just started, much like tesla in the older days.
  • ChristKitto
    2022-03-01
    ChristKitto
    I love how people compare this to TSLA, the founders of LCID are not Elon Musk, yes they worked for him, but running a company and working for someone are totally different things.
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