As you say, Lucid's stock price was once $180. Now Lucid's stock price is $15. Lucid is hemorrhaging money and yet their CEO, Peter Rawlinson, received a $379 million compensation package in 2022, including a $575,000 base salary, $5.5 million of stock options, and an incredible $373 million in stock awards. Lucid has only built 8,000 cars. CEOs are supposed be paid when their company succeeds, not when it tanks. You can call it what you want. I call it "greed" and "corruption." The engineers and automotive designers who work their asses off every day to build Lucid deserve to succeed but the fish rots from head.
Also, why not talking about their EPS ? Just have a look at any of the 10k ... RIVIAN Automotive is a company and product I love, but the next model, the affordable(ish) SUV will be the make it or break it. Their trucks are great, love the design. The infrastructure is a different story, but they will implement the TESLA plug, so that is kinda fixed. However, they are still losing money on every single vehicle they make. LCID is far from being able to post any profits anytime soon. And with the current EV downturn, or just temporary slump, it is crystal clear that a few will go down - I mean file Bankruptcy. We all know that doesn't necessarily mean that they will go out of business forever, but ... the chances are high. I have had an allocation for a Cybertruck, no thank you. Why? Because I do not want to drive around a 100k truck. Same with Vivian, I just don't want to spend 80k on anything right now. It is a patience game for me and for many of us, average people. Ale is playing in a different league. I have successfully traded Rivian and Tesla in the past, but right know even Tesla doesn't feel like a safe investment.
I've always appreciated when you've talked about finance-related stuff in a language that I understand, I still do now. I know some of your english-speaking audience has been against it in the past but I hope that you keep it up regardless!
Please switch it up , I'd love to see you in a 599 gto or a 550 barchetta, might not or will make you money but you definitely won't lose any . You'd be surprised how much joy they'll bring
Agree. Yes, everyone rightfully talks about the engineering marvel that's the T.50 but, for me, my money would be on the T.33. The T.33 is the only automotive design in the last decade that could hold its own next to a Porsche by Singer. There will always be cars that are faster but there will never be cars more beautiful. Stop with the clown cars, Alejandro!
@@Make-Asylums-Great-Again Alejandro, like all us, is flawed. For the most part, I love the guy. I've heard stories where Alejandro was denied cars because he was Mexican. Those stories rang true to me. We all know what scoundrels McLaren can be but somehow it seems that Alejandro is in their good graces. I've never heard that Gordon Murray denied Alejandro an allocation on a T.50 or T.33. If they did, I doubt it's because he's Mexican. More likely, it's because they don't want their cars to be paraded on RUclips and then flipped for a profit. Alejandro keeps saying how gets bored with cars and then moves on to the next shiniest thing. I would say no too. Fine, he can do this with his clown cars but you can't do this with a masterpiece. When only 100 cars are made, this is a legitimate reason to deny someone a hypercar. Perhaps too, Gordon wanted a buyer with a more storied automotive pedigree. Gordon Murray would deny me a T.33 because I'm not qualified. It's not racism. Now if Gordon Murray allowed Shmee to buy a car but not Alejandro, then I'd have a problem. What gets me upset is that Alejandro knows what it's like to be on the receiving end of prejudice and then he jokes about running over homeless people in his Lamborghini. A good friend would slap him upside the head and tell him he's wrong. Belen's got her hands full, that's for sure.
F*** man been following you since the fargani days in the old old drive way. Now my mom and pops follow your Spanish channel more than me. Is because of the way you move financially 🔥 goddam Alejandro looking out for many trust me !
Salomondrin Great Video I think it's awesome how the market is going down by so much and I can't wait to what EV you'll get next and I don't think you made any mistakes
Have you ever thought about going to a Barrett Jackson or Mecum auction ? I think it would be cool to buy a car at one and make a video about it ? Think about it ? Take care
Just because those stocks are currently "down big", it doesn't automatically mean it's an opportunity to buy. There really isn't a guarantee they'll recover. It could be that the market has begun to give them the true valuation they should have had previously. If EV sales had continued their rate of growth, then perhaps those companies could have earned their way into the P/E they had, but as usual, investors got too excited and drove the prices too high. It was the internet bubble all over again. Could they go back up again? Sure. You could get a pop and do nicely from it. It's just not a sure thing by any means. I certainly wouldn't invest any double-digit percentage of your portfolio into them. If you had $100k portfolio then they might be worth a $1k punt. If Alejandro does put a decent amount to work (like 10k in each of them) he may well do very nicely from it, but he could equally find that money halves with some more negative EV news. Especially if there are more solid-state battery revolutions coming soon. That would kill sales of current EVs as people switch to waiting for one with 50% more range and charging times of half.
Alejandro hermano , no pierdas en EV yo no tengo ni puta idea pero lo que se es que solo van a perder y me encanta plaid mamador es lo mejor que se ha visto por menos de 200k como decia Parker , un abrazo tipo
Rivian is not really down 91%. The price decreased shortly after the IPO and the peak was never an indicator of true market value. I think it will go up though and as an investor I hope it will too.
I think we need to really pay close attention to what is going on outside of just the North America Domestic Market. BYD and Hyundai are not only producing excellent cars, but have exceptional global presence. RIVIAN? Not so much.
I agree. China is where the EV tech is. Also, don't forget the "you will own nothing..." when cars drive themselves the masses will lose the emotional attachment.
If anything Tesla is the riskiest stock to buy because their frontman is a goofball. Rivian seems good if I was ballin I would probably invest only hear good things about them.
As an owner of two EV’s and a car enthusiast, I agree with you. I went EV because they killed all the cars with stick shift (all my cars have been manual and I hate automatics of all types), and yeah, EV’s are not for everyone at the moment but in 10 years time, they will be good enough for 80% of the population. Tesla will go up a lot next year as all of the other EVs will tap into NACS
The world will use a alternative fuel and make it much cheaper and people will be able to use it in any vehicle, electric cars are no good in the cold or winter. Im 1000% sure that they will use hydrogen in a fuel of some sort and electric cars will die out but i love the lucids they are so beautiful i think ill buy one anyways even though electric will not maybe die all the way but they will be 3rd after regular engines
Tesla market cap is about 10x bmw - surely thats not justified regardless of whatever magic Elon could pull off, and he is now a PR problem for them. Rivian interesting but they have a lot of debt, that worried me.
Tbh im kind of feeling that the older car companies are coming back. Kia's got some good products. Also Chinese elec cars could go mainstream (see quite a few MG branded ones in the UK)
No one cares about BMWs anymore like they used to. Elon is definitely a walking PR nightmare but the Y is the best selling car in the world. Rivian has huge fleet contracts with Amazon and other companies and is backed by investors like Ford so I’m not worried about them.
Do you genuinely think things will go down before going back up? It seems for sure things will go up. I mean for example Trump did massive tax cuts and breaks in 2017 and he spent a lot. Everyone should know at some point it must be paid back. Those tax break/cuts expire at the end of this year. That coupled with the buying you're talking about, I don't what it means exactly but it has to result in something, right?
It’s not an “attack” on EVs. It’s stating the fact, that they are (in current form) not an alternative in any way, but simply a minute option. Even Toyota’s CEO recently said he expects EV to have 30% of market in total. Not more. He could be off, but fact is EV are basically throw-away after X year consumables, like smartphones, and have the character of battery powered washing machines. They are one-trick ponies (acceleration), but totally overweight. Not to mention barely repairable anymore, and critical for firefighters etc., who need special equipment. I’ve seen police get stranded with their EV, because range was off. I’ve witnessed E-busses having to be charged by diesel generators roadside in wintery alps, because they couldn’t complete their route. I know 2-3 people having driving schools, who switched back to ICE vehicles, because EV wasn’t feasible in daily 12hr use. You can take an old 1988 Porsche, or even Peugeot, put in fresh fuel, a $75.- battery…and it runs. IMPOSSIBLE with EV, who’s battery blocks deteriorate simply standing there. Replacement costing as much as the car. Longterm testing in 4-season environment, with 10k miles p.a. showed an average total battery capacity loss of 38-40% after 4 years. The test included 8 major manufacturers. We could also go into the catastrophic environmental footprint EVs actually have. The production of the 1 Tesla S battery block causes as much CO2, as the complete manufacturing of 1 Audi A4 2.0TDI Avant AND using that car for 4 years with 15k miles p.a. Etc. etc. That’s a long one, but I’m actually an engineer, who worked with Porsche, Audi etc., so I wanted to point out a couple things. We’ll see what the future brings. Best wishes! P.S.: I wouldn’t invest in (those) car manufacturers, because you can push them out of the market too easily. They are not diversified enough. If EV related, I would rather invest in battery manufacturers, or more spread out corporations.
For at least Rivian and Lucid to survive…all banks have to lower interest rates dramatically…or Rivian and Lucid will die …no change …no gain for 3$ Lucid shares…if nothing happens in the markets 2024-2028…only Tesla and Rolls-Royce Spectre will survive these 4 years and you can decide only between 200000$ Tesla or 800000$ Rolls-Royce EV in 2028 in Europe only Mercedes will survive in Korea Kia and Hyundai will survive in Japan Toyota in China BYD and Great Wall will buy up every EV Brand out of Europe …used Gas Cars will go up in Value to 100000$ in 2030 and 300000$ in 2035 for an Acura SUV…
The intro!! 🎉👏👏👏
Even if it's just me and one other person, I miss the finance talks too!!!
Noooooooooooooo plz no more NFTs
You aren’t alone brother
Buy more crypto bro
I got goosebumps from the into lol
Wait what happened to Avi from the used car dealership. Where you used to get the giveaway cars??
As you say, Lucid's stock price was once $180. Now Lucid's stock price is $15. Lucid is hemorrhaging money and yet their CEO, Peter Rawlinson, received a $379 million compensation package in 2022, including a $575,000 base salary, $5.5 million of stock options, and an incredible $373 million in stock awards. Lucid has only built 8,000 cars. CEOs are supposed be paid when their company succeeds, not when it tanks. You can call it what you want. I call it "greed" and "corruption." The engineers and automotive designers who work their asses off every day to build Lucid deserve to succeed but the fish rots from head.
Also, why not talking about their EPS ? Just have a look at any of the 10k ... RIVIAN Automotive is a company and product I love, but the next model, the affordable(ish) SUV will be the make it or break it. Their trucks are great, love the design. The infrastructure is a different story, but they will implement the TESLA plug, so that is kinda fixed. However, they are still losing money on every single vehicle they make. LCID is far from being able to post any profits anytime soon. And with the current EV downturn, or just temporary slump, it is crystal clear that a few will go down - I mean file Bankruptcy. We all know that doesn't necessarily mean that they will go out of business forever, but ... the chances are high. I have had an allocation for a Cybertruck, no thank you. Why? Because I do not want to drive around a 100k truck. Same with Vivian, I just don't want to spend 80k on anything right now. It is a patience game for me and for many of us, average people. Ale is playing in a different league. I have successfully traded Rivian and Tesla in the past, but right know even Tesla doesn't feel like a safe investment.
I still remember when Salmondrin used to push NFT's LOLOLOL still love the brotha
I've always appreciated when you've talked about finance-related stuff in a language that I understand, I still do now. I know some of your english-speaking audience has been against it in the past but I hope that you keep it up regardless!
LTACY in Cali .. Scarlett Fire intro. What year is this?!
I remember a mistake where you called a box full of gorilla watches a “Watch Collection.” 😂
Please switch it up , I'd love to see you in a 599 gto or a 550 barchetta, might not or will make you money but you definitely won't lose any . You'd be surprised how much joy they'll bring
The moneys in financing cars.
Been holding Lucid for a while. I really believe in what they're building.
Give your thoughts on Hamilton x Ferrari Alejandro! Really interested what do you think
Why u have never talked about Gordon Murray T50 or T33? :)
Agree. Yes, everyone rightfully talks about the engineering marvel that's the T.50 but, for me, my money would be on the T.33. The T.33 is the only automotive design in the last decade that could hold its own next to a Porsche by Singer. There will always be cars that are faster but there will never be cars more beautiful. Stop with the clown cars, Alejandro!
He's a hater because they denied his allocation. He blamed it on him being Mexican.
@@Make-Asylums-Great-Again Alejandro, like all us, is flawed. For the most part, I love the guy. I've heard stories where Alejandro was denied cars because he was Mexican. Those stories rang true to me. We all know what scoundrels McLaren can be but somehow it seems that Alejandro is in their good graces. I've never heard that Gordon Murray denied Alejandro an allocation on a T.50 or T.33. If they did, I doubt it's because he's Mexican. More likely, it's because they don't want their cars to be paraded on RUclips and then flipped for a profit. Alejandro keeps saying how gets bored with cars and then moves on to the next shiniest thing. I would say no too. Fine, he can do this with his clown cars but you can't do this with a masterpiece. When only 100 cars are made, this is a legitimate reason to deny someone a hypercar. Perhaps too, Gordon wanted a buyer with a more storied automotive pedigree. Gordon Murray would deny me a T.33 because I'm not qualified. It's not racism. Now if Gordon Murray allowed Shmee to buy a car but not Alejandro, then I'd have a problem. What gets me upset is that Alejandro knows what it's like to be on the receiving end of prejudice and then he jokes about running over homeless people in his Lamborghini. A good friend would slap him upside the head and tell him he's wrong. Belen's got her hands full, that's for sure.
F*** man been following you since the fargani days in the old old drive way. Now my mom and pops follow your Spanish channel more than me. Is because of the way you move financially 🔥 goddam Alejandro looking out for many trust me !
Big fan of the finance talks
Welcome back brother
I’m definitely going to buy some lucid stock, I really think it’s going to go up
How have I not heard of you before. Awesome channel.
This channel used to be pure aviation fuel 🔥🔥🔥🔥
Market crashes after rate cuts. That shouldn't be soon either. Economy is great holding itself (or they're cooking numbers), maybe by Q4.
Let’s goooo! To the moon with our boy 🌙🚀
🙅
I’m with you on Lucid.
Salomondrin Great Video I think it's awesome how the market is going down by so much and I can't wait to what EV you'll get next and I don't think you made any mistakes
I 100% agree. One of the reasons I haven’t jumped in to a Tesla yet is because I’m waiting on interest rates to drop.
Dayum, the good old intro! 🥲🥲🥲🥳🥳🥳
Thanks to your financial advise I just dropped some money into Rivian.🤞🤞😂
Dude, you messed up selling the Lambo, that will go down as an all time classic.
Thank you
72k plus taxes to sell for 77k sounds like it would be a loss in California
They won’t cut rates until the second half of the year
Lime green uris in the other lane
Th intro!!!!
I’ve been looking at Tesla stock. Might be a good time. 🤔
Have you ever thought about going to a Barrett Jackson or Mecum auction ? I think it would be cool to buy a car at one and make a video about it ? Think about it ? Take care
🎉🎉🎉🎉🎉
Thank you for making English videos again
I want my 5- min back
PSNY🚀🚀
Just because those stocks are currently "down big", it doesn't automatically mean it's an opportunity to buy. There really isn't a guarantee they'll recover. It could be that the market has begun to give them the true valuation they should have had previously. If EV sales had continued their rate of growth, then perhaps those companies could have earned their way into the P/E they had, but as usual, investors got too excited and drove the prices too high. It was the internet bubble all over again. Could they go back up again? Sure. You could get a pop and do nicely from it. It's just not a sure thing by any means. I certainly wouldn't invest any double-digit percentage of your portfolio into them. If you had $100k portfolio then they might be worth a $1k punt. If Alejandro does put a decent amount to work (like 10k in each of them) he may well do very nicely from it, but he could equally find that money halves with some more negative EV news. Especially if there are more solid-state battery revolutions coming soon. That would kill sales of current EVs as people switch to waiting for one with 50% more range and charging times of half.
Let's talk finance salooo!
Alejandro hermano , no pierdas en EV yo no tengo ni puta idea pero lo que se es que solo van a perder y me encanta plaid mamador es lo mejor que se ha visto por menos de 200k como decia Parker , un abrazo tipo
Rivian is not really down 91%. The price decreased shortly after the IPO and the peak was never an indicator of true market value. I think it will go up though and as an investor I hope it will too.
It's a nightmare.
Rate cuts will move the money back to the markets, and to the BTC and ETH ETF even if you like it or not.
I think we need to really pay close attention to what is going on outside of just the North America Domestic Market. BYD and Hyundai are not only producing excellent cars, but have exceptional global presence. RIVIAN? Not so much.
I agree. China is where the EV tech is. Also, don't forget the "you will own nothing..." when cars drive themselves the masses will lose the emotional attachment.
Always
All my money is in Tesla and I can’t be more confident in that decision…. Please stay away from those other stocks
How do you feel about Lewis Hamilton moving to Ferrari?
I remember the mistake where you created and promoted an nft scam
Fuck, i swear to God, i bought lucid and rivian stocks... Yesterday.
Let’s talk about cars yoooo!
Riv all the way
And rivian is tanking and lucid is right behind them oof
If anything Tesla is the riskiest stock to buy because their frontman is a goofball. Rivian seems good if I was ballin I would probably invest only hear good things about them.
Tesla will be a good buy as soon as Elon announces he’s bankrupt hoooooly moly that will be good.
I’ll hold my stock for Tesla, gonna invest more soon.
As an owner of two EV’s and a car enthusiast, I agree with you. I went EV because they killed all the cars with stick shift (all my cars have been manual and I hate automatics of all types), and yeah, EV’s are not for everyone at the moment but in 10 years time, they will be good enough for 80% of the population. Tesla will go up a lot next year as all of the other EVs will tap into NACS
The world will use a alternative fuel and make it much cheaper and people will be able to use it in any vehicle, electric cars are no good in the cold or winter. Im 1000% sure that they will use hydrogen in a fuel of some sort and electric cars will die out but i love the lucids they are so beautiful i think ill buy one anyways even though electric will not maybe die all the way but they will be 3rd after regular engines
Tesla market cap is about 10x bmw - surely thats not justified regardless of whatever magic Elon could pull off, and he is now a PR problem for them. Rivian interesting but they have a lot of debt, that worried me.
Tbh im kind of feeling that the older car companies are coming back. Kia's got some good products. Also Chinese elec cars could go mainstream (see quite a few MG branded ones in the UK)
No one cares about BMWs anymore like they used to. Elon is definitely a walking PR nightmare but the Y is the best selling car in the world. Rivian has huge fleet contracts with Amazon and other companies and is backed by investors like Ford so I’m not worried about them.
Do you genuinely think things will go down before going back up? It seems for sure things will go up. I mean for example Trump did massive tax cuts and breaks in 2017 and he spent a lot. Everyone should know at some point it must be paid back. Those tax break/cuts expire at the end of this year. That coupled with the buying you're talking about, I don't what it means exactly but it has to result in something, right?
Why don’t you talk about BYD?
It’s not an “attack” on EVs.
It’s stating the fact, that they are (in current form) not an alternative in any way, but simply a minute option.
Even Toyota’s CEO recently said he expects EV to have 30% of market in total. Not more.
He could be off, but fact is EV are basically throw-away after X year consumables, like smartphones, and have the character of battery powered washing machines.
They are one-trick ponies (acceleration), but totally overweight.
Not to mention barely repairable anymore, and critical for firefighters etc., who need special equipment.
I’ve seen police get stranded with their EV, because range was off. I’ve witnessed E-busses having to be charged by diesel generators roadside in wintery alps, because they couldn’t complete their route.
I know 2-3 people having driving schools, who switched back to ICE vehicles, because EV wasn’t feasible in daily 12hr use.
You can take an old 1988 Porsche, or even Peugeot, put in fresh fuel, a $75.- battery…and it runs.
IMPOSSIBLE with EV, who’s battery blocks deteriorate simply standing there. Replacement costing as much as the car.
Longterm testing in 4-season environment, with 10k miles p.a. showed an average total battery capacity loss of 38-40% after 4 years. The test included 8 major manufacturers.
We could also go into the catastrophic environmental footprint EVs actually have. The production of the 1 Tesla S battery block causes as much CO2, as the complete manufacturing of 1 Audi A4 2.0TDI Avant AND using that car for 4 years with 15k miles p.a.
Etc. etc.
That’s a long one, but I’m actually an engineer, who worked with Porsche, Audi etc., so I wanted to point out a couple things.
We’ll see what the future brings.
Best wishes!
P.S.:
I wouldn’t invest in (those) car manufacturers, because you can push them out of the market too easily. They are not diversified enough.
If EV related, I would rather invest in battery manufacturers, or more spread out corporations.
😂 rivian down 30%
Parker honestly doesn’t know fuck all about cars. Calling flat sixes the same as inline 6 etc.
Watch out with Lucid, check their fundamentals and production stats… 🤦♂️
They're pretty slow, but if you remember tesla was slow at the beginning as well.
There isn't a campaign against electric cars. The public isn't buying them. Plain and simple.
Tesla will make it, Rivian is a huge maybe, and Lucid will be bankrupt. Besides Tesla BYD is the 2nd best option rn on EVs.
Lucids are to niche of a market
For at least Rivian and Lucid to survive…all banks have to lower interest rates dramatically…or Rivian and Lucid will die …no change …no gain for 3$ Lucid shares…if nothing happens in the markets 2024-2028…only Tesla and Rolls-Royce Spectre will survive these 4 years and you can decide only between 200000$ Tesla or 800000$ Rolls-Royce EV in 2028 in Europe only Mercedes will survive in Korea Kia and Hyundai will survive in Japan Toyota in China BYD and Great Wall will buy up every EV Brand out of Europe …used Gas Cars will go up in Value to 100000$ in 2030 and 300000$ in 2035 for an Acura SUV…
You sed Lewis Hamilton not go to Ferrari team
appriecate stock talk.. im watching rivian..
🫶🏻🫶🏻🫶🏻
Day 1 of begging to bring back Avi!
By supporting Elon Musk yes yes you are 😂
Autofocus like thumbnail
Teslas are horrible they are only an expensive gimmick
I am still waiting for the podcast on the cars you were offered to buy, but decided not to ... and regret it today. @Salomondrin
Thanks Sal.mgonba check them out for my kids