Lotus shares are down 90% from IPO

[Nick in Sydney]

I'd love to be a fly on the wall in the Geely or L Catterton board room! Lotus Technology shares closed yesterday at a new 52-week low of $1.48. Over the past year, the share price is down -82%.

On the day of the Nasdaq SPAC, the shares closed at $13.80, so Lotus has lost about 90% of its $9.3B market cap since listing.

Brutal.

 

[Six Speed Stephen]

Big yikes

 

[chirowolf]

Last 3 weeks have been brutal for the whole market

 

[Emira Fan]

Yes, not going in a good direction. Hopefully they are producing a lot of spare proprietary parts in case they go under I'm planning to keep this car for a while.

 

[MTV]

I think we should plan an Emira Forum group buyout

 

[cyanmauve]

Lotus won’t go under. You think this is the worst it’s ever been for this company? Not by a long shot.

 

[Ryder]

The Chinese economy is slowlng drastically. Very unlikely those expensive electric SUV's can resurrect the Lotus brand. Only time will tell.

 

[HydroJim]

The bright side is it can only go up from here...

 

[Rupes]

SPACs are generally a bad investment and only benefit a few at the top. Lotus had no right to be a publicly traded company.

 

[MTV]

I wonder how Volvo is going being another brand who said they are now all electric. Sales here are close to nil for those cars.

 

[cyanmauve]

I think the time is ripe for a Saudi prince with a passion for the brand’s heritage to purchase it outright for pennies on the dollar and re-re-re-introduce Lotus to the world!

Or maybe, in an odd twist of fate, Mazda buys Lotus, as both companies share a passion for driving enthusiasm but from very different perspectives.

Lotus helps Mazda develop a new RX-7, and Mazda supplies Lotus with multiple proven Skyactiv ICE options.

 

[HydroJim]

I think the time is ripe for a Saudi prince with a passion for the brand’s heritage to purchase it outright for pennies on the dollar and re-re-re-introduce Lotus to the world!

Or maybe, in an odd twist of fate, Mazda buys Lotus, as both companies share a passion for driving enthusiasm but from very different perspectives.

Lotus helps Mazda develop a new RX-7, and Mazda supplies Lotus with multiple proven Skyactiv ICE options.

It's fun to dream...

 

[MTV]

To be honest Im surprised Geely doesnt commit Lotus to F1 and put the money into that. Would be a great way to re-release the brand and secure sales of almost any model.

 

[MattG]

Someone correct me if I'm wrong, but the publicly traded Lotus is only the Lotus Technology side of the company - the China-based portion focusing on EVs and EV technology. The fun cars made in the UK are under Lotus Cars, not Lotus Technology, right?

 

[Lotustoronto]

Geely won't sell Lotus - Did they make a mistake on the EV only thing? Yes, especially considering the US tariffs on Chinese EV's. They paid around $100M for Lotus back in 2017. Most of the major investment was into production facilities in China, Marketing and growing the brand worldwide. I don't even know how much was truly spent developing Eletre and Emeya given so much EV sharing between them and Zeekr (other Geely EV companies) - The biggest issue was pushing EV only and then being shut out of the US market. Oh and the Eletre is a good EV, but could be much better. Emira is a great car, but Lotus UK does need some help still in quality control and customer service.

All in all, I think Lotus will continue forward with Geely, and I do think there is a good chance they will try to re-enter F1, now that they will be executing super hybrid technology going forward. Everyone thinks it's impossible, but the Chinese will look to get one team entered onto the grid eventually and who would be better than Lotus? Even if it is a Chinese Lotus.

 

[Six Speed Stephen]

All in all, I think Lotus will continue forward with Geely, and I do think there is a good chance they will try to re-enter F1, now that they will be executing super hybrid technology going forward

Just as the FIA mull going NA V10... LOL. Lotus can't catch a break.

 

[EspritGuy]

View attachment 61078
I'd love to be a fly on the wall in the Geely or L Catterton board room! Lotus Technology shares closed yesterday at a new 52-week low of $1.48. Over the past year, the share price is down -82%.

On the day of the Nasdaq SPAC, the shares closed at $13.80, so Lotus has lost about 90% of its $9.3B market cap since listing.

Brutal.

All the chat about ground clearance has been heeded.