Dad, G. Pa, 30+ yrs exec. in car business. Factory Certified CRC. Old Timer sharing EV & ICE stuff. America 🇺🇸 FIRST!! God, Family, Country 🇺🇸. DO UR own DD
Aug 11, 2022 • 5 tweets • 2 min read
$LCID. @LucidMotors 1/5 🧵 LCID needs approximately 200 studios & service centers across the U.S , Canada, S. Am., Europe, China & M.E. in Next 2 years. With average cost of $3-$4 MM / S.C & $1 MM / studio, the CAPX could top $1 B for this. Once this footprint is in
2/5 Place, the cash burn on CAPX will 🛑. Also, the construction spending on the AZ plants will stop 🛑 as well. The Production & deliveries are bound to increase due to the market footprint expansion & consumer awareness. #Lucid will easily raise additional capital if needed
