It’s been a long time coming with Lucid. I was in it back when it was CCIV spac. Same I’m hoping for with GGPI.
Well, considering the car is WAYYYY better put together than a Tesla, and there isn't a significant difference in price, I don't see why it won't keep climbing as it becomes more available and marketed. Just needs that cult following to get to $1k/sh LOL They also have a 933hp version with EPA 500+ mile range which Tesla isn't even close to at the moment. https://www.caranddriver.com/news/a37613322/2022-lucid-air-epa-range-details/
I'm not saying that Lucid isn't a good buy, but in regard to build quality they really haven't made that many. It's relatively easy to sandbag quality when you can afford to pay extra attention in the initial low/slow volume environment. Let's see how the build quality looks with much higher volume and faster production pace.
i'm still waiting for fanboys to actually start shitting on Elon, cause he's had 10 years now, what's his excuse? fuckin idiots will put up with anything to be part of the cult. Tesla right now is like pre-mid-2000's Hyundai or whenever it was before that lawyer dude took over, except without the stigma. its insane.
As I understand it, for the ultra rich when the loan comes due the bank evaluates whether it’s still worth the risk (yes) and they roll it over. It then becomes a liability against the estate. Capital gains is then assessed on the market value at the time the asset owner died vs when they acquired it. Beautiful stuff. So now the brain trust @ .gov are making noises about taxing unrealized capital gains. Which the people with armies of lawyers and accountants would never pay, but the people with a pitiful few million will.
Dangerous waters here, but let's just say that I don't think this will happen. If it does, though, I'll be an expatriate SOB toot sweet.
taxing unrealized capital gains. How can that even be possible? If its unrealized, how can it be a gain, or a loss?
It's the Schrodinger's cat theory of taxation... makes as much sense as the whole pistol brace vs. stock thing
This is somewhat of a moot point as even if the loan wasn't rolled over, people would be tripping over themselves to loan that money. Also not isolated to the ultra rich as I'm pretty sure any lender looking for a super safe loan would trip over themselves to loan against most conservative portfolios. I think you're talking about the step up in basis; long story short, when rich people die and bequeath assets to their heirs, the heirs receive the gift at the current market value (i.e., the basis is stepped up) and pay no capital gains. They should, IMO; the assets ownership is changing because technically Richie Rich's dad "sold" the asset to him on his death.
In estate matters, yeah, that situation I can see doing away with step up. (I ain't inheriting shit anyway ) But as I understand it, there's rumblings of changing the rules so that investment holders would be taxed every year on the paper gains they have made on holdings they haven't yet sold. That's straight bullshit right there.