NEW Lucid Partnership w Four Seasons🔥 Did Faisal Sultan Say in Error - Gravity Launch 2025 NOT 20
Overall Thesis
A new Four Seasons partnership is nice marketing but not a buy catalyst; Faisal Sultan may have misspoken saying the Gravity is coming 'later next year,' creating gravity delay uncertainty that dropped the stock, and the Elliott Wave target puts Lucid between $2.60-$2.79 if below the $3.75 pivot.
Narratives
Lucid announced a Four Seasons hotel partnership (complimentary driving experiences) which the speaker views as good marketing but not meaningful. The bigger concern is Faisal Sultan's statement in a CNBC Arabia interview that the Gravity SUV is 'coming out later next year' — directly contradicting Peter Rawlinson's assertions of a late 2024 production start. This ambiguity caused an early dip. The speaker is waiting for Q3 earnings to hear clear Gravity guidance before buying more.
Key Arguments
- Four Seasons partnership is good marketing — word of mouth — but not a buy signal, similar to past Saks partnership
- Faisal Sultan said Gravity 'coming out later next year' — contradicts Peter's late 2024 production start claims
- Faisal also disclosed AMP2 Saudi facility will be done by 2026-2027 (not just 2026 as previously stated)
- Young Saudi buyers (under 36-37) driving strong demand in Middle East — positive demand signal
- Elliott Wave pivot at $3.75 — below this, stock expected in $2.60-$2.79 range