Wasn't anything learned from the NFT fiasco?IPO Disaster for Lotus. The opening day's volume says it all. Less than 190k shares traded hands and a 30% decrease in share price on the IPO's opening day. Ooooof! that's not good.
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The problem is that Lotus (Geely) got out over their skis. If they'ed kept quite, set up their supply chain, built out production capacity, and sorted out regulatory/CARB issues BEFORE announcing the brand re-launch, its likely things would have been significantly better from a business standpoint. Sometimes tactical patience pays off with strategic dividends. Whomever is at the helm (Lotus, Geely or both) got impatient and it looks like it cost them. Time will tell if the product is well enough received over time to make up for the lackluster start
Ape together strong. NFTs on the other hand have zero value.Wasn't anything learned from the NFT fiasco?
HODL!
If they'ed kept quite, set up their supply chain, built out production capacity, and sorted out regulatory/CARB issues BEFORE announcing the brand re-launch, its likely things would have been significantly better from a business standpoint.
Absolutely, the Emira was missing from the MarketSite media photos of Lotus cars in Times Square.Emira doesn't even factor in this. Lotus Technology is being spruiked as a luxury EV brand and Lotus Motors isn't part of the initial SPAC (they have an option to acquire it).
I don't think they need hundreds of millions of disappointed buyers awaiting a car.Lotus missed a huge opportunity to make a splash by not advertising during Superbowl few weeks ago. It is expensive but worth it to the millions who don’t know who Lotus is. Cost per impression would have been very low.
BAYC to the moonApe together strong. NFTs on the other hand have zero value.
Yes, if you got in early, you are at 10-1,000x.Wasn't anything learned from the NFT fiasco?
Yes, it has been inadequate. We’re all suffering from happy ending denial.The issue is marketing, massaging, and delivering the product. These…
Q - which suspension did you order?I don't think they need hundreds of millions of disappointed buyers awaiting a car.
I believe they call that a pump and dump. There's a reason why it's illegal.Yes, if you got in early, you are at 10-1,000x.
If you get in late, you hold the bags.
The common factor in all of these failures, from my perspective, is a failure to cater to (or even meaningfully recognize) Western consumer preferences. It's like mainland China managed companies just can't bring themselves to see Western consumers as worthy of service in the same way as their domestic market.The issue is marketing, massaging, and delivering the product. These have typically been the weaknesses of all large scale industrial/tech Chinese companies that have tried to expand outside of China: BYD, Alibaba, Huawei, Etc. They have some success abroad but it pales in comparison to the scale of these companies in China.