Lucid went public via SPAC merger in July 2021, carrying a valuation that assumed it would become a luxury EV powerhouse. The company has since posted annual free cash flow of −$3.80 billion in 2025, with cost of revenue in Q4 2025 reaching $944.64 million against revenue of just $522.73 million.
This guy clapped at me. I clapped back. We then spoke. I also think he was very mature in how he internalized our conversation. Onwards! I funded his two daughters' college accounts.
Berkshire Hathaway reported a significant profit drop due to investment value changes and insurance losses, while Buffett announces his retirement, handing over reins to Greg Abel.