To The Moon

I did consider getting back into Lucid $Lucid Group Inc(LCID)$ . I’m very glad i never. Now i wouldn’t buy LCID even under 5 dolla which looks very likely.

Happy Fun GIF

I want to like this stock, but it gets harder with each statement they release. It is evident this is a poorly run company. I only started paying attention the last six months or so, they try to copy managerial decisions from other companies even though they are not of the same calibre.

A "reputable" company shouldn't engage in hype like behaviour with Apple $Apple(AAPL)$ partnership rumours and buyout rumours. Ford $Ford(F)$ and Tesla $Tesla Motors(TSLA)$ slash prices and their stock goes up, Lucid does the same and it backfires, it's because they are not selling the same product, if Lucid claims their product is better, why are you offering pointless discounts?

Facebook $Meta Platforms, Inc.(META)$ and Amazon $Amazon.com(AMZN)$ lay off workers, their stock goes up, Lucid tries to copy them and it backfires, it's because Lucid is not a trillion dollar company, they don't have tens of thousands of employees, they should have been running lean from day 1.

I really don't understand why management is making such bad decisions. A dilution will be the straw that will break the camels back, if there's a mention of that next month in the shareholder meeting, I'm out.