Behind the video
Is Something BIG Coming for Lucid ⚠️ Lucid in Talks w Several Automakers
Overall Thesis
Lucid is in licensing talks with multiple OEMs and just opened a Michigan engineering office to facilitate powertrain supply agreements, which the speaker views as a potentially major upcoming revenue catalyst that is being underappreciated by the market.
Narratives
LCIDLucid MotorsRecent reporting confirms Lucid VP stated the company is in licensing talks with 'many automakers' - a shift from earlier production partnership speculation to a cleaner licensing model. The Michigan office opening near major OEM HQs (Ford, GM, etc.) and hiring 262 engineers signals active deal-making. The speaker's biggest takeaway from the Tech/Manufacturing Day was that no major OEMs had yet lined up for licensing - now that appears to be changing. The speaker sees this as a potential major 2024/2025 catalyst.
Key Arguments
- VP confirmed licensing talks with 'many automakers' - cleaner revenue model than production partnerships
- Michigan office opening near major OEM headquarters with 262 skilled engineering hires
- Hyundai CEO reportedly visited Lucid HQ this year, fueling partnership speculation
- Tech/Manufacturing Day success likely attracted multiple OEM interest
- Licensing = 'free money' - capital-light revenue stream to supplement vehicle sales
Risks acknowledged
- Shorts increased 3.45M on Friday despite positive news - they may know something
- Licensing deal could still be tail-end 2024 or 2025, not immediate