Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[Artful Dodger]

It seems Lucid Motors was raising $2.4B in equity in private deals (including the Saudi's) at $10/share while they were offering shares in a cap raise to the general market at around $57/share. Not a good look, not well received by retail investors either.

"CCIV Tanking, Wall Street Using SPACs To Screw The Little Guy" | Wall Street Millennial

These SPACs just seem so sketchy...

 

[asburgers]

It is from Jessie Livermore’s book, I think.

Jesse Lauriston Livermore - Wikipedia

The only money I have is in IRAs, so yes.

Highly recommend Reminiscences of a Stock Operator.

 

[henchman24]

No, it's not. Not on the planet I come from. Every delay pushes the transition to EV's further into the future.

Tesla was not given a free pass on their production delays and Lucid will not be given one either, especially considering that Tesla is just starting to hit their stride and they're running, not walking, into the EV future. Every delay puts Lucid into an even more challenging position.



Anyone can make a plan, the market wants to see them do it.

https://www.bizjournals.com/sanjose...-says-first-deliveries-have-been-delayed.html

Agree and the delays at Tesla, by Musk's own admission had them on the edge.

I keep coming back to the idea that Lucid came out last fall and claimed they'd have the longest range EV and how it was so much better than the Model S.... and it was coming out soon! This is the Model S beater that we've been waiting for! Now the Model S has been re-freshed and the Plaid+ is likely to be out at the same time. So they will have similar range, be slower, have less of a charging network, etc. They missed a pretty significant window.

 

[StealthP3D]

Tesla began production in mid June 2012 and delivered ~2452

Tesla delivered ~22,300 Model S in 2013.

Here is my prediction: Lucid will beat both first year and second year Tesla deliveries.

Oh really?

So a decade after Tesla showed people how to design and make a modern, desirable EV that appeals to the mainstream, Lucid is going to ramp more quickly in 2022?

Profound insight there.
/s

 

[Pezpunk]

Agree and the delays at Tesla, by Musk's own admission had them on the edge.

I keep coming back to the idea that Lucid came out last fall and claimed they'd have the longest range EV and how it was so much better than the Model S.... and it was coming out soon! This is the Model S beater that we've been waiting for! Now the Model S has been re-freshed and the Plaid+ is likely to be out at the same time. So they will have similar range, be slower, have less of a charging network, etc. They missed a pretty significant window.

Last fall? The Lucid Air was unveiled in 2016, and Lucid claimed it would go into production by 2018.

Lucid Motors unveils the Air, a new luxe electric car with a 400-mile range – TechCrunch

 

[lklundin]

Don’t be surprised if that’s before Berlin.

Now that's the kind of Tesla competition I like.

 

[asburgers]

It seems Lucid Motors was raising $2.4B in equity in private deals (including the Saudi's) at $10/share while they were offering shares in a cap raise to the general market at around $57/share. Not a good look, not well received by retail investors either.

"CCIV Tanking, Wall Street Using SPACs To Screw The Little Guy" | Wall Street Millennial

These SPACs just seem so sketchy...

I'm not a SPAC-expert, but it appears that PIPE has always been a component. The insiders always get better price, probably because they bring in so much capital. With SPACs, retail gets to be involved (so long as you get in early). With IPOs, retail doesn't get involved until after IBs. Lesser of two evils?

 

[henchman24]

Last fall? The Lucid Air was unveiled in 2016, and Lucid claimed it would go into production by 2018.

Lucid Motors unveils the Air, a new luxe electric car with a 400-mile range – TechCrunch

More referencing their PR campaign last fall on how they were the new best EV and had the best tech.

 

[S3XY]

Alan Mulally, former CEO of both Boeing and Ford ( and "Savior of Ford") is working with Churchill.

Mulally visited Lucid factory and determined they are not ready for a Spring release. Told Rawlinson there is no need to meet an artificial deadline.

Rawlinson agreed and moved release date from "Spring 21 to 2nd half of 2021."

This is almost a nothing burger.

Edit Plan still calls for 6k units delivered for 2021 and 20k units delivered in 2022.

https://www.bizjournals.com/sanjose...-says-first-deliveries-have-been-delayed.html

Apparently the release is on Rawlinson time.

 

[GOVA]

Apple supplier Foxconn teams up with Fisker to make electric vehicles
BY Reuters
— 8:13 AM ET 02/24/2021
(Reuters) - Electric-car maker Fisker Inc ( FSR) said it will work with Apple supplier Foxconn to produce more than 250,000 vehicles a year from late 2023, jumpstarting its shares on Wednesday.

Interesting...

Every time I see the name F I S K E R it reminds me of a parasite one can't get rid of.

 

[lklundin]

Appreciate some guidance if anyone has experience: is there a way to execute SELL A, buy B right one after the other or in a multi-step single transaction? Is this even possible

my laptop crashed at the worst possible time this morning - right after selling some AMZN that I wanted to convert into TSLA. I did manage to get in finally at 640, but surely could have done better.
View attachment 639365

It sounds like you would like your combo order to be a 'fill or kill'.
I believe IBKR has this order type, but I have never tried it.

 

[Johan]

Oh really?

So a decade after Tesla showed people how to design and make a modern, desirable EV that appeals to the mainstream, Lucid is going to ramp more quickly in 2022?

Profound insight there.
/s

One CEO who has hands on experience from scaling production of electric cars is quoted as saying: "Production is hell".

 

[StealthP3D]

It is from Jessie Livermore’s book, I think.

Jesse Lauriston Livermore - Wikipedia

I'm not sure about the wisdom of emulating an investor who committed suicide after going from being one of the wealthiest people in the world to being in debt with a negative net worth.

It is important to invest in individual stocks with conviction. If you let stuff ride one can get sloppy on conviction.

I agree it's important to remain vigilant as an investor, but that shouldn't require the liquidation of good investments to realize that goal. If it does, it's probably a good idea to let someone else manage your investments.

 

[woodisgood]

Market liked something I guess.

 

[Nocturnal]

Hello greeness my old friend, I've come to F5 with you again

 

[asburgers]

I'm not sure about the wisdom of emulating an investor who committed suicide after going from being one of the wealthiest people in the world to being in debt with a negative net worth.

I wouldn't emulate the entire guy, but there are probably some learnings from the book. Even if you takeawayfrom the book, the history itself is fascinating to me.

 

[elasalle]

Max Pain - 750

 

[Joe F]

[snip]
Lucid has ZERO excuses for missing deadlines, for being over budget, for getting anything wrong. They’ve consciously presented themselves as better than including that lovely little luxury chart you posted for us, have all sorts of Tesla employees who’ve done this before, bags full of money, EV supply chains, PR, etc...

No sir, they don’t get an almost nothing burger pass.

Well, just wait until their first investor meeting, and the dreaded PETA lady shows up. Leather covered shifter knob? Have you seen their beautifully crafted, enveloping, hand stitched Napa leather seats?

 

[mejojo]

Market liked something I guess.

I suspect this is just the natural result of a massive pocket-picking yesterday. Shameful.

 

[Johan]

Hello greeness my old friend, I've come to F5 with you again

... Because the price is slowly creeping,
Upwards even as I was sleeping
And the target that was planted in my brain
Still remains
On track with guidance