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Share Picks 2021 - Thread banned users post #1
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Ridiculous let's come back in two years and see if they are a 'crap car company' they haven't even started.
Ridiculous? Have you seen the absolute nonsense they're putting forward on a daily basis?
I'd love to say we'll come back in 6-9 months, but they've already botched their production schedule in line with announcement of their SPAC DA. I'll be shorting the ticker before they go for NCAPS ratings if its still viable.
They're running at 900v - 100v more than the Porsche Taycan - while using low-volume Formula E battery technology. Hint: they're running that much voltage due to heat/efficiency concerns and are cutting corners almost everywhere to make up the weight differential as per their own admission. Oh, and their LIDAR system is unknown, and their marketing material literally posts about an ethernet network as some sort of advancement? I'm sorry, this is not how a good car company or even a company aspiring to be a good car company behaves.0 -
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pioneerpro wrote: »Ridiculous? Have you seen the absolute nonsense they're putting forward on a daily basis?
I'd love to say we'll come back in 6-9 months, but they've already botched their production schedule in line with announcement of their SPAC DA. I'll be shorting the ticker before they go for NCAPS ratings if its still viable.
They're running at 900v - 100v more than the Porsche Taycan - while using low-volume Formula E battery technology. Hint: they're running that much voltage due to heat/efficiency concerns and are cutting corners almost everywhere to make up the weight differential as per their own admission. Oh, and their LIDAR system is unknown, and their marketing material literally posts about an ethernet network as some sort of advancement? I'm sorry, this is not how a good car company or even a company aspiring to be a good car company behaves.
Good analysis. You pointed out the EPA bit. Are you suggesting they are basically pulling a VW with the 'clean' diesel cars?0 -
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Good analysis. You pointed out the EPA bit. Are you suggesting they are basically pulling a VW with the 'clean' diesel cars?
No, more that all their facts and figures regarding the performance/efficiency of their cars is based on their own internal test data - that no one has looked at - and yet they're making ridiculously extravagant claims about the performance, range and pricepoint of not just their halo offering, but their whole range.
I'll be frank, I think there's a very real chance of them being put under investigation for securities fraud.
Oh and finally, the SPAC - which is secondary to the Saudi PIF which owns controlling shares - literally had to back them off their wildly ambitious roadmap prior to DA due to eh... 'quality concerns' .
In short, expect a lot more bloomberg terminal snaps like this in the future
For anyone who wants to go red-flag hunting, here's their post-DA investor deck
https://www.lucidmotors.com/files/lucid-investor-deck-february-2021.pdf0 -
pioneerpro wrote: »No, more that all their facts and figures regarding the performance/efficiency of their cars is based on their own internal test data - that no one has looked at - and yet they're making ridiculously extravagant claims about the performance, range and pricepoint of not just their halo offering, but their whole range.
I'll be frank, I think there's a very real chance of them being put under investigation for securities fraud.
Oh and finally, the SPAC - which is secondary to the Saudi PIF which owns controlling shares - literally had to back them off their wildly ambitious roadmap prior to DA due to eh... 'quality concerns' .
In short, expect a lot more bloomberg terminal snaps like this in the future
For anyone who wants to go red-flag hunting, here's their post-DA investor deck
https://www.lucidmotors.com/files/lucid-investor-deck-february-2021.pdf
That's odd as I was on the conference call today and the CEO specifically called out independent third party testing. Can't remember specifically what he was referring to as I was working in the background at the time. I wonder would a video of that conference call be on the net somewhere. I just checked and could not find it.0 -
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