Who wants a used electric vehicle? Answer: Nobody!
Electric vehicles are not the answer... Plain and simple.
EV makers are going up, up, up....
that is...
in the number of layoffs.
Lucid is plenty visible here in Phoenix. They are decent looking cars. However, even before the EV slowdown, Lucid was in trouble. Their niche (high-end EV luxury sedans) is not very large, and many of the fears associated with smaller, expensive EV companies affect Lucid in a way that Tesla is not.
Locally, Tesla is laying off 693 this week. That’ll have impact on the area.
Lucid should give away remaining inventory to deserving white families as reparations.
Here they are building double decker highways all over town. Toll roads. I’ve said since I got here decades ago they need a light rail train. Two or three arteries and two loops.
No. They are now putting in structures to accommodate twice as many autos.
Which are flooding in from California
They’re not serious about reducing auto emissions.
The electric car itself, you’d have to tell me exactly how it reduces pollution
What’s the deal with cobalt. Who’s mining for tgat crap? Lithium?
You’d have to explain how if I plug my heavy asses auto into a power station that that power is less polluting to the environment over the life of tge car than my little lightweight Japanese auto
Then I’d have to see an effort at making this town accessible by train, bike, bus, pedestrian.
Everyone who wants one has one.
Resale value effectively $0.
Nothing wrong with them IF they fit your needs - but as a growth thing it’s basically over.
A slowdown in the market? I can believe that. There have been enough EV’s out there to demonstrate to the public what a joke they are. The rich that buy them anyway already have one, and one is likely more than enough to clutter their garages.
This could be wishful thinking, but I’d say EV’s are in their death throes.
So ‘high end’ EVs are falling by the wayside due to costs.
Rivian’s POS vehicles are $100k. They’re delaying construction on the debacle in Ga. Illinois just dropped over $800mil for them to expand up there.
When companies make cars in China, they have to share their technology. Now the Chinese can copy it and make that crap themselves. Soon they’ll be pumping them out in China, evading Bidens clownish tariffs.
The industry could soon be nuked.
The EV fad has just about run it’s course.
Again.
Why can’t the government mandate that all federal employees buy EVs?
More like slow down in subsidies. Never has been a real market.
More like slow down in subsidies. Never has been a real market.
Lucid sold 6000 cars last year. Less than 1 car for every employee. They are Saudi backed so their pride will win out over common sense and they will continue to lose millions for infinity.
Oh the irony of an EV maker called Lucid.
This was a scam to begin with
A scam
I had bought the stock at about 21$ and sold close to 30$ after the stock tumbled from about 60$. I should have sold at the high but lucky I got out making some money
Stock is below 3$
Scam