$LCID Takes Saudi Order For Up To 100,000 Cars

Investment Analysis Clubs Destiny Solutions Corporation
1

I wish Rawlings luck as I love his Lucid Dream, but man, his Arizona factory is not going to make it by spitting out just a few hundred cars every month.

https://www.cnbc.com/2022/04/26/lucid-to-deliver-up-to-10000…

  • Saudi Arabia, a major investor in Lucid, has agreed to buy up to 100,000 Lucid EVs over the next 10 years.

  • The deal is for at least 50,000 vehicles over that time, with Saudi Arabia’s Ministry of Finance having an option to purchase up to 50,000 more.

  • Deliveries will begin next year, the company said.

2

Dang, forgot to hold off for the charting. Yeah, another series of sad charts for an EV name:

https://twitter.com/peregreine/status/1519180518113353728