 Boom What's up money geeks mr. V here welcome to another video guys so into this video We are going to talk about lucid ticket symbol LC ID So lucid has their earnings coming out today after hours and there's a lot of anticipation because this is the first time They're reporting their earnings after going public last June. So it's gonna be crazy There's a lot of people watching this particular stock. So when I talk about it, I'll give you guys my predictions of what I would Expect and then what the future plans are and then we'll talk about the the price moving forward After this earning. So if you're new here, we'll talk about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content. So when it comes to lucid, this is a stock that we've covered here on the channel a lot Again, I give you guys update as to The progress that the company has been making when price is gonna go down I know this is gonna go down I'll let you guys know so you can either wait to buy and buy the dip and likewise when I see Catalysts that would push the price up. I always make sure that I share that with you guys So you guys are in form again, like I said, this is the first time that the company is actually reporting their earnings After going public through a spark. So again a lot of anticipation. So when I go through here I'm gonna show you guys some stuff in if you can look at a beautiful lucid air I mean what a piece of art that has been created. I do love these vehicles. They're just the best So we'll talk about again, these are some of the things that I see right now So we'll go through this and I just want you guys Give you guys some background and Stuff to expect in the future. So lucid only started their production in late September again We did videos here that we covered those and it said shipping them towards the end of October. So Right now, we don't anticipate to see any revenue reported if any would be really minimal revenue The net loss and again, this is from lucid will come in at around three hundred and fifty million But one thing that you guys need to be aware of is that they talked about After the merger with the spark, they have about four point six billion dollars cash That can run them all the way through 2022. So I don't think three hundred and fifty million loss It's gonna be an issue after the study doing delivery. So I think they're still sitting on the good side So the primary focus would be on how production has fled since the first air went out So they started delivery end of October. So how is production holding up? I did meeting Demand so again, the other thing that they had talked about was the fact that they want to deliver at least 520 Lucid air dream editions before they can switch gears and start doing the cheaper models. So I did on track I want to hear that during this particular ending call And then one thing that you know to give lucid being up at hand is the fact that they have 520 miles on a single charge Right now beating Tesla in that process. So Tesla. Sorry Lucid is coming in hot again We they mentioned back in September which I did a video here on the channel that they have over 13,000 reservations So if we take that 13,000 reservations at the price that they're selling the lucid air that dream edition We're looking at somewhere over a billion dollars in revenue And then they will say that if looking at probably putting out about 20,000 lucid air by 2022 So if we use those numbers and the price so that would probably generate about 2.2 billion dollars in revenue which is kind of crazy and right now. They're looking at maybe a full capacity At the current plan. They're looking at 34,000 vehicles a year out of their the plan in Arizona So in there's still massive construction going on there right now to expand that so they can actually Produce even more vehicles. So that's something that you need to keep an eye on so Lucid has been doing a wonderful job opening up showrooms across the country This is something that they want to actually have people come in there sit in these vehicles Maybe test drive them and get a feel of what these vehicles have to offer And then the plan is not only to expand in North America, but they want to expand In Europe and in the Middle East. We already know that they would expand in the Middle East because The Prince of Saudi Arabia is a key investor in Lucid So I anticipate that they want to be out there because there's a lot of money and in the Gulf that they can actually make from this So they will see the expansion there pretty soon. So that's something that's seen in Lucid It's also expanding into other business areas other ventures I would expect them to talk about is in this particular earnings call because it's very important So they took about their energy storage systems, which is which is huge So if Tesla is boasting that Lucy want to do the same thing and then They also want to expand Their battery pack to all their manufacturers, which I think it's a smart idea sell to other manufacturers So they don't have to do the work that they've done already So again, we can see here look at compared to Tesla revian that just went public You can look at their quarterly revenue right now, which is kind of crazy. Look at the market cap So Lucy is right there number three at seventy three billion dollars beating out Neo which again There's a lot of questions about that for compared to the work that near has done and how much stuff they've put out already So that's something that we need to be aware of so again One of the things I want to bring up here is the fact that they are getting rewards from In our different places. I told you guys about a review that they had in the last video that I did about Lucy Crazy reviews like people love these vehicles like they enjoy them and you can see Lucid and named 2022 model trend car of the year a first instance in which initial product from a new automotive brand has been awarded Again, this is massive. So Lucid is breaking grounds and setting The trend and setting the standards moving forward. So I'm super excited about about it So where do we go from here? We know that their current a mp1? Manufacturing facility was completed back in December. That's what they're doing their current production And the goal is to be able to make 30,000 Lucid a Annually they're also working in construction right now to expand that plan so they can get about 500,000 cars annually around 2030. That's the goal And then they have phase two which is Introducing project gravity and project gravity involves their SUV. So they want to build this wonderful SUV I think it's gonna be dope Just like the other the other cars that they have And so that's coming in 2023 again They'll talk about this in those in the earnings call expect them to really go in-depth as to where this currently sits And you know again, they talk about the two models expected, you know down the road I don't know what those models are gonna be but they'll probably stop putting those out And so I anticipate all these things to be mentioned In in your car again for those of us that are currently on the stock you probably looking at the price point and like what what do you go from here? Here this is where we currently sit right now. So Lucy currency where somewhere about $43 and some change. So we got up to about 49 and then pull back and sitting about 43 So again, this is this is still trading during regular hours. So for me There is different numbers here. I'm looking at if this thing break up to the upside and get to 50 We might see Lucy go all the way to 60 that if it breaks to the upside The flip side of this is if it breaks to the downside, it can get to 40 I would expect some kind of support at 40 and if so if that support at 40 fails It can drop down at 35 and if 35 fails We we see somewhere around 30 and again, that would be a really crucial point So again, all of these depends on the numbers that they put out there that they've delivered so far as far as The Lucy dream a addition So if they put to give out a good forecast as to where to go in how many they've delivered How many are in the pipeline if they're gonna meet that demand if they're gonna meet their deadlines of being able to produce 520 Lucy dream air those things would motivate investors don't feel good about the company So that's something that I've been looking at again I'm looking at the numbers here if you break that 45 and into the downside. This is potentially Kind of it's gonna pull back and you look at somewhere around 30 And for people that are looking to get in if we get to 30 Since that buying because that would be that would be a good idea So if it breaks and get down to that 30 price point That's where I'll say stat start buying up in the position for the most part any tip below 35 if you don't currently have a position start smoke Average your weight into the stock because there's no way for you to time it and know exactly when this thing's gonna pull back Again open a small position and then buy more as the price keep dipping if it keeps dipping But I don't anticipate that's gonna pull back is didn't like remember back in September when we went to as low as $18 unless something magically happens. I don't see us Getting back to those numbers again from now 30 would be to me a support that I like if it breaks 30 And then that's really not good, but again, I'm a long-term investor in the stock So this is for people that are swinging so Right now if you were just swinging and you are in the money, I would say put a stop loss So that if this thing stops pulling back you can sell and then buy if it goes cheaper So that would be a smart way to approach it because you don't want to see all that profit disappear Why you have it so secure some of that profit by using some sort of a stop loss and then remember This is gonna happen after hours and it's gonna come up after hours So if you have a trailing stop, that's not gonna work because it's after hours So make sure that you have a stop loss and you can trade extended hours because if you can If it pulls back, you're just gonna sit there and watch it and then when the market opens the next day You're gonna see yourself being in the right. So that's how I would definitely approach this one again Key levels here. I'm looking at is 44 and some change if we break up to the upside and get to 50 I this is possibly that we can run all the way to 60 because if you look at that It's been the high of the stock But if we break to the downside and break even 40 we can go down to as low as 30 To find some sort of support around there. So that those are some of the key levels that I'm actually looking at but Overall again, I'm looking at management to come out and and paint a positive picture How soon did they plan on meeting demand for the 13,000 vehicles that were pre-ordered? How soon the point on opening showrooms across the country? How soon they're gonna expand the factory so that they can they can continue to to put out a ton of vehicles And then they talked about being profitable Maybe somewhere around 2024 2025. So I want them to paint that positive picture like hey, we are on track We've got this Lucid gravity is coming out in 2023 and we are on top of it So I want those positive if they can nail all those things and show a positive Outlook, I think the stock would be just fine in my even go to the upside So again, that is what I'm looking at. So let me know in the comment section. What do you think about it? Are you positive? Do you think they're gonna again? When I think it's bit their earnings because in this case, they just started production So we don't anticipate that sales is going to be high where revenue is going to come in high So right now they're reporting a net loss, but again for a company that is new Does that net loss meet the direction that the company is going or does it exceed? What the company was expecting. So those are some of the things that you want to put at the back of your mind again Let me know in the comment section what you guys think about Lucid moving forward after earnings again, if you are new here, we talk about how to earn money How to save money how to invest and build wealth. So there's something that interests you Go ahead and hit that subscribe button and a notification bell So you don't miss out on new content. Also, if you were looking to get started with investing Moo Moo has this Promotion where if you sign up and deposit whatever one dollar two dollars, you have five free stocks in somewhere between nine dollars and three thousand five hundred dollars So I'll put the links in the description below. Definitely go check them out You can sign up get the free stocks and take your money and go somewhere else. It's free money So take advantage of that links in the description and as always guys Do your due diligence. Don't be a greedy savage. Stay motivated You