I’m in total agreement with you, that Lucid should’ve started out with the Gravity as opposed to the sedan. As yes, the Saudi’s do see the bigger picture, as to Lucid’s uniqueness and world market capabilities. I’m interested in driving the Gravity upon its upcoming debut. I’ve actually been waiting for Tesla to come out with a three row SUV . But Lucid is poised to do great things if they listen to their customers, and strongly consider making a 32-48,000 car.
@@mikafiltenborg7572 At a $338,000 loss on every car that equals a $2Billion loss in 2025. Yes. They will be bankrupt (just like Fisker X2, Canoo, Nikola, and on and on and on. These start ups are nothing but stock and crowd funding pump and dump schemes.
Glad to see this change of tune. We've owned Teslas since 2015 (Model S P90D and now a 2021 Plaid). The first Tesla opened my eyes to how wonderful driving an EV could be. But it took getting our 2022 Lucid Air Dream Performance to find how roomy, luxurious, efficient, quiet, and well-built a high-performance EV sports sedan could be. I have owned premium cars for almost 50 years and fluidly switched brands without developing any particular loyalty to a single brand. Lucid is the first brand for which I've developed a personal loyalty and the first auto company in which I've made significant investment. I intend to be as near the head of the line as I can get when orders open up for the Lucid Gravity SUV to replace our Honda Odyssey, thus completing the transition to an all-EV household I've long been awaiting when the right vehicle came along.
It’s good to know you have an open mind about things other than Tesla. I really hope they all make it but know there will be some that won’t. So many great new products coming from all of these startups and most made here in the USA. Regardless of stock ownership or politics, these brands have real factories providing much needed American factory jobs. 🇺🇸🇺🇸🇺🇸
I actually really like what Lucid is making, I just can't afford it. The Lucid Air Touring or Grand Touring are both like the perfect car to me, but they're way out of my budget. Even the Pure is still absurdly expensive vs the average car.
Lucid has mid-size (think Model 3/Y) vehicles in development and testing now. The first one is scheduled to arrive in late 2026. Still not "Toyota cheap," but Lucid is going after the BMW/Mercedes/Audi/Porsche market segment. Target price for the first one (in base trim, I assume) is $48k. If you need still cheaper there are several more affordable EVs in the pipeline from several OEMs.
@@Miata822 The mid-size is actually not in development, that's just heresay at this point. They're focusing so much on the Gravity making it right now, this is the break or make moment for Lucid's future.
Thats why I'm trying to decide between a Lucid Air & a Chrysler 300. Although I like both cars very much, I would put the Air ahead of the 300. Its just that I could buy 2 well equipped 300's for the price of an Air Pure.
@@lupavo1738 They have been working on it for well over a year and a couple reporters have seen it, but sworn to secrecy. Since they have been talking about mid-size models since before going public I see no reason to doubt it.
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I am a Lucid Battery Pack Technician here in Casa Grande AZ , and I love building our cars , we are strong, best job in the world & fastest ev , we gonna win it BIG💸
not sure why 'profitable' is a realistic expectation for such a young company. They're still investing in _massive_ amounts of tooling and infrastructure. Profitability hopefully comes when they're doing at-scale production and aren't constantly expanding. What matters is whether their production capacity is increasing, whether their products are strong, and whether the market will purchase enough units in volume in the long term at a price point that allows the company to survive. Separately, they also have revenue options from producing motors for other companies, several of those deals have already been announced.
I was interested in going back to the early days of Tesla and reading the headlines when everything was pretty dicey for their future. Lots of headlines on the impending doom of the company and Elon admits that those were scary times. That doesn’t mean that Lucid will survive BUT it is a beautiful car. As a present Tesla owner who owned a Model S and now a Y, I’m very interested in the Lucid Air. Thanks for the video.
I am one of these guys too, that saw this trainwreck too. But I like your viewpoint on that. And even though I am not long or short this stock, I would love to see them survive. Let’s see howling the Saudi’s are willing to pay it without buying it out fully, IMO for 1/10 of the actual price. I wish them all the luck they can get.
Thank you for this video man, as a Lucid investor who is waaaaay down on his stock it's encouraging to see this. I very much look forward to the Gravity and Model Y Lucid competitor, I am super hyped about the future of this company. I really hope the PIF doesn't end up buying out the rest of the company, they need to let it all ride out and let us investors rise with the company.
The Saudis have made a concerted effort to diversify their investments to stabilize their economy for a post oil economy. They have been very loud about this. They were long time investors in Tesla and Elon funding secured tweet was about taking Tesla private with Saudi funding. That deal fell through and instead they are betting a fraction of the cost of buying Tesla in funding lucid to becoming a respectable global auto maker long term as part of their post oil economy.
@@TailosiveEV Why the Saudi's would put this kind of money into Lucid when Aptera is sitting with nothing baffles me. Saudi's have more sun than Arizona, maybe literally. I hope the UAE effort speaks something over there.
@@BryanDoesCinema Realistically i think it's because Aptera is too good a product for consumers. It's not a profit generator for the investors. Like gazillionaires who want to invest in an EV company want to see "how do i make money after the vehicle is sold?" They want charging network or they want software packages sold, or they want high repair costs, or they want pay to unlock features, or sell a hyper luxury trim vehicle with 700% margins or whatever. Aptera is the antithesis of all of that and i think that's the real reason why Aptera hasn't been (and won't be any time soon) getting saved by some billionaire or investment firm.
@@TailosiveEV Yikes! I watched it and it is dripping with the patented "Tesla sneer" that you said you are trying to tone down. The slant and misinformation in that video is as obvious as in a political ad. Cringy. Business is too involved to cover in a RU-vid video, let alone in a comment. If you want to learn it takes work. Short simple answers are seldom correct.
For the first time I see someone truly saying good things about Lucid wholeheartedly. Not jsut good but mixing up with what might happen as well. I hope you as well do well n success more in future with warm heart ❤️
If you really want to know, ask them. All you have to do is see their 'Vision 2030' site. At heart it is a domestic jobs program for Saudi. They see which way the wind is blowing and don't want to have no fallback plan when oil demand falls off. They are investing in building domestic manufacturing industries in Saudi.
I have lost alot of money on LCID but still a proud diamond hand shareholder and keep adding. I don't know when will Lucid be profitable but the shorts spreading FUD is gonna pay up first. You got a Lucid fan subscriber and many more to come.
It's not a startup anymore. Hasn't been since it created a mission statement, filled all necessary positions, established it's brand, developed a product and finally started selling it, taking in revenue. It is an enterprise. Same with Canoo, Rivian, Fisker...
The trick to becoming a profitable EV manufacturer is to actual produce and sell EV's. Until that happens, it is just another pump and dump (that goes for Aptera, Canoo, etc.). Who is willing to buy a bespoke vehicle (like an Ocean) that immediately loses support and spare parts as soon as the CEO flies away to a non-extradition country.
Bought a Lucid Air Grand Tour about 16 months ago, but at $155K it was not worth the price due to so many bugs so it went back. At a much lower price and close to bug free, I’ll give them a second look. Lucid has some excellent technology. But, another factor is distance from service center. If too far, consider another brand.
I am a Middle Easterner and the reason that Saudi Arabia is doing this is to build an infrastructure for the electric car industry since it has the raw materials to build electric cars but does not have the supply chain. Saudi Arabia’s goal is to build factories for batteries, engines and cars in Saudi Arabia, which will make Saudi Arabia an investment area for other companies to open their factories in Saudi Arabia in particular. Saudi Arabia is located in the middle of three continents, and this will not happen until the Lucid factory is built in Saudi Arabia
It is worth noting that Aston Martin has partnered with Lucid to make their EV's. Lucid has incredibly strong engineering and intellectual property. They really have to find a way to get costs down and they may be trying to do that through econemies of scale. They have to get demand up. Gravity and this new smaller SUV might do it for them. The Saudi's pay soccer players 2 billion they will keep pumping money into Lucid. The only thing they are missing is Self Driving feature and just so happens that Tesla is looking for someone the license theirs. The Prince can give Elon a call and make it happen then Lucid will not be missing anything. The Gravity looks like a winner honestly. We will see what happens but that one might our next SUV.
The problem isn’t that they lose money on every car. The problem is that any consumer that isn’t willing to risk not having a warranty won’t buy their products. Cars are too expensive for the average person to risk losing out on a warranty.
Saudi Arabia is trying to build a domestic car manufacturing industry from scratch. Since no car company is willing to go where there’s no parts suppliers, Saudi Arabia brought Lucid there. Lucid may never be profitable, but the hope is that it kick starts a car manufacturing industry in Saudi Arabia.
I'm all in on LCID. Great car, best tech in the world, money from Saudis, experience brought over from Tesla... But that's not enough. WHAT I LIKE is that on top of that, they made two "company friendly", long-term deals, one for high quality raw materials, and one for all the space they need to build manufacturing sites. That tells me they are built to survive EV Armageddon.
great video. Lucid is spending a lot more cash because they aren't getting grants form the government to build their factories (two Amp-1 and Amp-2). Lucid is a piece of the puzzle for Saudi future vision.
Daniel Craig would be a great long term spokesperson in full James Bond mode. Aston Martin is now licensing Lucid's technology for their electric sports cars. Also Elon Musk, once the major factor in making Tesla a success, now seems to be doing everything he can to screw it up, just like he screwed up the value of Twitter. He just fired the entire Tesla Supercharger team, because someone dared to stand up to him. Once people see there is a viable alternative, they might buy the cars. I think there is another factor, the government is now looking into all the deaths from self-driving Teslas. When Elon was touting "Auto-Pilot", I knew he was opening himself up to major lawsuits. That was years ago, but now it's catching up to him. I just bought Lucid shares today.
The market for high-end luxury EVs is not large enough to provide the scale needed to produce them profitably. It worked for Tesla because they were first. For Lucid to succeed they need to introduce something more affordable. If the Saudis keep them afloat until then, they'll survive.
I feel like a majority of people don't care about a companies stock, or what they are doing behind the scenes....they just care about the Product that that Company produces. almost everything else doesn't matter. And I actually think that is a much more healthier way of actually looking at Products that Companies sell, not through the lens of : what will that do to the stock? but : is this Product from this company the best it can actually be!
@@lachlanB323 but in most cases why should you care if the company makes money? With cars, ok, maybe you want the company to be around to service the car and provide parts. But with most other things where you DON‘T need Service, technically you couldn‘t care LESS if the Company makes money. You just want to buy something that is good!
@@lolfreakwaca4328 Depends on the product. If it is a computer... is the computer self repairable? If something fails e.g the CPU, fan, GPU, RAM, Motherboard etc can I just buy a new one? If I buy a rubber ducky all I care about this the quality of the rubber ducky but not everything is a rubber ducky... at least I hope that's not the case!
From another video, they said that is because the Saudis want to have a auto industry and no other company wanted to move there because there is not auto industry(chicken and the egg problem). That makes sense.
I wonder if the tables were turned and Lucid had started up when there was little to no EV competition vs 2024, if they'd be in TSLA's place now and TSLA where Lucid is now. TSLA was lucky that there was very little competition so many years ago when they started up.
Do not underestimate the Saudis commitment to bringing an EV and manufacturing economy to thier region. A bilion or two is peanuts to them. They are playing a very different game. I bet they could be pumping billions for the next 10 years.
I got 15k in Lucid stocks and I honestly feel like it’s going to hit and once it does it will be more then Tesla stocks and it’s because Lucid is not just an Ev car it’s a luxury and EV something that hasn’t been done yet . Yes there is alternatives but nothing like this.
I hope lucid makes it. The industry needs new player not GM/Ford being rescued by the government. Lucid engineering is amazing and while they definitely have flaws it is a good player in the evolving market. Fingers crossed for Aptera, Cannoo, Rivian, Telo and others as they all should have a great place.
The moment Rivian got that Amazon contract for 100k vans and Saudi invested in Lucid is when everyone should’ve realized those two ev startups are here to stay.
I don't think they're interested. They've already thrown 10 billion dollars in the trash over the last decade on their car program, which they've recently cancelled and pulled the plug on. If they wanted to still do it they'd have just kept going with theirs. I think at most they might form a partnership or do licensing deals with EV manufacturers to have the upcoming CarPlay OS be the main OS of cars. But i don't think they want Lucid or Rivian or whoever else as a subsidiary.
I've owned LUCID since the day of IPO I'm down 55%, but seriously nows an amazing time to buy...Massive discounted stock price, heavily backed by SAUDI GOV and built all these factories. If you want to make money now is the time. Please look back on this comment and comment in a few years when I made you invest and you made bank ;)
LUCID IS APART OF THE PIF 2030 VISION AND BEYOND. PARTNERSHIPS AND Manufacturing are being laid out first and building up as we speak on both sides, arizona and saudi arabia. Things take time when they're being built from the ground up, but the future is bright for lucid, and it's here to stay. Check out the gravity dream edition. That's a beautiful suv.
Lucid is head and shoulders above Tesla but hardly ever get the credit they deserve I would hope they would hire A P R company to inform the public about the quality of their product
Lucid technology is fantastic "IF" the competition is doing absolutely *NOTHING* For the mass market, I am 100% confident on Toyota and Honda. Now, I will pass the mic over to the naysayers.
You should really watch a few thunderf00t videos if you actually think SpaceX is going to Mars or actually think robo taxis will exist in the near future.
The Saudis aren't foolish. They KNOW that their oil is going to run out. Whether it's in 50 years or 500 years, it WILL run out. They're a monarchy and saw what happened to France's royalty when the French people were starving. Saying "Let them eat cake!" doesn’t fly when the people don't have bread.
Lucid is going to be the Apple of Ev companies. Advanced, world leading tech, exceptional attention to detail, efficiency and design. The stock price has absolutely nothing to how well Lucid are building the foundations for a huge world leading company
I will take a Lucid EV over a Tesla any day. Lucid is a far better product (Better Quality / Better Range). My wife's Tesla has been in the shop 3 times in the last two months. When we get it back, we are selling it.
This is funny because Lucid as an automotive company has so many cars in service centers, I can't even count. The vehicles are over engineered to fail, they have so many ECUs in them, I'd rather have the simplicity of a Tesla over a Lucid any day. Hence why many employees at any Lucid location are driving a Tesla, not a Lucid.
To their credit, Saudi Royals aren't as short sited as typical billionare investors or companies in the US. They have deep pockets and are not worried about running out of money or losing power anytime soon so they can afford to burn cash for 10+ years if they think it will lead to something much better 20+years down the road. It's unquestionable that Lucid has put far more effort into maximixing the efficiency of their power trains than other OEMs and is deliverying more luxurious cars than Tesla. The Saudis know electric vehicles are the future and they want to be well invested in the company delivery the EVs with the best technology and long term strategy. It's unfortunate that Lucid has made bad decisions in the short term and have ruined their successs with bad quality control of their initial production vehicles which tanked interest from buyers with the cash to buy their most expensive EVs. I think they can be profitable eventually, but inly if thet do a much better job with their Gravity SUV than they did with their sedan and the Saudis don't lose faith in this money pit.
If Lucid or Rivian dies Elon will take the opportunity to raise prices, and he will also make it harder to repair your Tesla so that you end up buying a new one. Not only that, he will also remove important components from newer Tesla's to raise profitability. Competition is important to keep everything in check. Subscribed !
