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Topic: In other news ...

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Cincydawg

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Re: In other news ...
« Reply #10332 on: November 17, 2021, 01:25:18 PM »
Quote from: FearlessF on November 17, 2021, 01:13:45 PM
folks had held Rivian stock sold and bought Lucid??
I have no idea how many may have done this, there is no way to know.  


LCID: 52.47 -3.05 (-5.49%) (cnbc.com)

Something called Public Investment Fund apparently holds 62% of outstanding stock.  


The Public Investment Fund is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of at least $500 billion. It was created in 1971 for the purpose of investing fund…



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Mdot21

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Re: In other news ...
« Reply #10333 on: November 17, 2021, 03:56:50 PM »
Quote from: Cincydawg on November 17, 2021, 01:25:18 PM
I have no idea how many may have done this, there is no way to know. 


LCID: 52.47 -3.05 (-5.49%) (cnbc.com)

Something called Public Investment Fund apparently holds 62% of outstanding stock. 


The Public Investment Fund is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of at least $500 billion. It was created in 1971 for the purpose of investing fund…


Ruler of Saudi Arabia is a trillionaire.

Kinda funny when they say Musk or Bezos is richest man in the world. MBS has wealth those guys could only dream of. This is a guy who spent $310 million on a house in France and another $353 million on a painting that may or may not have been a Da Vinci.

So long as this world runs on crude oil and they are the worlds low cost producer high volume provider of crude - whoever rules that country will be the richest mfer in the entire world. 
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Cincydawg

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Re: In other news ...
« Reply #10334 on: November 17, 2021, 04:30:32 PM »
One thing common in startups is compensation to employees in the form of options, which may be only actionable in 3-5 years.  I don't think those options are included in the accounting of shares outstanding.  I'd guess a fair number of employees just became millionaires, on paper.  And then some.

I was just reminded that Fisker is also in the pool doing something with EVs.
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betarhoalphadelta

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Re: In other news ...
« Reply #10335 on: November 17, 2021, 04:47:32 PM »
Quote from: Cincydawg on November 17, 2021, 04:30:32 PM
One thing common in startups is compensation to employees in the form of options, which may be only actionable in 3-5 years.  I don't think those options are included in the accounting of shares outstanding.  I'd guess a fair number of employees just became millionaires, on paper.  And then some.

I was just reminded that Fisker is also in the pool doing something with EVs.
FYI they're no longer Fisker... They were acquired and now operate under the brand name Karma Automotive. 

Their HQ is <4 miles from my house. 

I didn't even realize this, but apparently they're PHEV, not pure BEV...

https://www.caranddriver.com/reviews/a36164817/2021-karma-gs-6-drive/
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Cincydawg

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Re: In other news ...
« Reply #10336 on: November 17, 2021, 04:55:30 PM »
Fisker.【2021 and 2022 Fisker Car Models】Discover The Price Of All the New Fisker Vehicles In The USA | CarBuzz

Fisker Launches 2023 Ocean Electric Crossover, 25,000 Headed To U.S. Next Year (chron.com)

The current iteration of Fisker Inc. was born in 2016, several years after the collapse of Fisker Automotive and the plug-in hybrid Karma grand touring sedan, a project that lives on as the Chinese-owned Karma Automotive. Fisker Inc. made a splash with at the 2018 Consumer Electronics Show with the Emotion electric sedan—an overly ambitious effort that may or may not materialize. In 2020, Fisker returned to CES with the Ocean.

Unlike the high-dollar Emotion, the five-passenger Ocean is targeted at the mass market with an attainable price point. As Henrik Fisker and every entrepreneur in the last 130 years that has ever tried to launch a car company knows, the design concept is the easy part. Turning it into a real product is something else entirely.

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betarhoalphadelta

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Re: In other news ...
« Reply #10337 on: November 17, 2021, 05:02:22 PM »
Interesting, thanks. I didn't know that Fisker had actually remained alive after divesting all the Karma stuff. 

I guess he found some investors to give him a second chance lol...
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MrNubbz

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Re: In other news ...
« Reply #10338 on: November 17, 2021, 05:15:43 PM »
Quote from: Mdot21 on November 17, 2021, 03:56:50 PM
$353 million on a painting that may or may not have been a Da Vinci.
I should start shooting paint balls against canvas
« Last Edit: November 17, 2021, 06:32:33 PM by MrNubbz »
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Suburbia:Where they tear out the trees & then name streets after them.

FearlessF

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Re: In other news ...
« Reply #10339 on: November 17, 2021, 05:22:33 PM »
you should do something constructive
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"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

MrNubbz

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Re: In other news ...
« Reply #10340 on: November 17, 2021, 05:24:59 PM »
Like Golf?
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Suburbia:Where they tear out the trees & then name streets after them.

FearlessF

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Re: In other news ...
« Reply #10341 on: November 17, 2021, 05:34:10 PM »
sure, speaking of golf..... (glad you brought it up)

went out yesterday, high of around 68 degrees, windy.  Played a tough course and shot 40-39 to break 80.  one birdie, one double

a few Bud heavies, a couple shots of fireball and a nice cigar

forecast doesn't look good, pulled the battery on the golf cart
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"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

MrNubbz

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Re: In other news ...
« Reply #10342 on: November 17, 2021, 05:35:38 PM »
Hope you have an electric start on the Blower
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Suburbia:Where they tear out the trees & then name streets after them.

FearlessF

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Re: In other news ...
« Reply #10343 on: November 17, 2021, 05:36:38 PM »
speaking of Budweiser

I'm off to the local small town pub for a few brews and a few broasted chicken wings

May be an image of food
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FearlessF

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Re: In other news ...
« Reply #10344 on: November 17, 2021, 05:37:41 PM »
Quote from: MrNubbz on November 17, 2021, 05:35:38 PM
Hope you have an electric start on the Blower
I do.


Craftsman


has handled every snow drift in the driveway for 5 or 6 seasons
no fear
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"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

Cincydawg

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Re: In other news ...
« Reply #10345 on: November 17, 2021, 06:09:03 PM »
Quote from: betarhoalphadelta on November 17, 2021, 05:02:22 PM
Interesting, thanks. I didn't know that Fisker had actually remained alive after divesting all the Karma stuff.

I guess he found some investors to give him a second chance lol...
I think they just call it Fisker, it's really Chinese something.
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