Future Fund Managing Partner Gary Black does not see advertising helping luxury EV maker Lucid Group (NASDAQ:LCID) overcome its bad pricing strategy.
What Happened: “Advertising can't overcome a bad product/pricing strategy,” Black said in a post on X. He was responding to an X user who noted that Lucid shares have been slumping despite advertisements.
“We've been short all the way down,” Black added.
The quoted post showed a sponsored tweet about Lucid winning “2023 World Luxury Car Of The Year” juxtaposed with its struggling stock, with a user sarcastically saying, “As you can see advertising is working great for Lucid!”
Advertising can't ...