His statement actually embodies why there are delays in deliveries. No manufacturer does everything in house. You HAVE to rely on third parties to produce parts for your car, but what you can control is whether or not those parts make it into your car. They got parts, decided it wasn't up to their quality control and had to wait. That sounds EXACTLY like controlling the quality of their product.
Yes, I've read that and it is good to share. Thank you. But that press release says, "we’re increasing total production of the fully-reserved Dream Edition to 520 vehicles." It does not say they are limiting production to 520 vehicles. There is no implied guarantee in that statement and if they increased it once, as they say in this statement, do you think they would not increase it again?Lucid's own press release states that the "limited run" is 520 vehicles, so it would be pretty bold for them to change that.
Announcing final details of the limited production Lucid Air Dream Edition.
There were luxury cars, then EVs, and now there’s Lucid — the new generation of luxury electric.www.lucidmotors.com
Besides @Jon_Rettinger there's at least 3-4 more of us on this forum that have said they upgraded from AGT reservations, so there were a decent number of cancellations.
They can, but shouldn't. We will see.
Yea, why sell more Dream, when you can sell the Tri-Motor limited run at 250k each instead? Like I said in another post, Lucid would do well to get a tri-motor roadster into production before the Tesla Roadster
Not a lawyer, but this is really a cause of action? And what $ number would the damages possibly be, and is the expected recovery enough to justify hiring a law firm? And if you are in the market for a $170k car, isn't your time too valuable to spend dealing with something like this?
At a minimum? The price difference between a GT and a Dream. I would absolutely be pursuing action if that happened. I bought 1 of 520, not 1 of 600 or 1 of 1,040.
Yea, maybe not the full price difference, but I would be requesting a "refund" of sorts. Wonder if this could be considered false advertising?
Hum, I understand limited production. If you look at most limited edition high-end cars, they are limited to around 100 units and they sell for insanely high prices...$250,000 and up. The Dream Edition is not really a limited edition car in that sense of the word. Yes, there is the tri-motor version talked about sometime down the road, but what they're making now are the Dream Editions. While the assembly line is running with those, pumping out a few hunderd more is easy, just keep the line going, and still keeps it limited under 1,000. When they're done making them they won't make any more. That is what limited edition really means.
Lose confidence? Hardly. I'm sure that if Lucid announces on their quarterly call that demand for their $169,000 Dream Edition was high so they decided to make a few hundred more, the market is going to react very positive to that. Especially if they confirm that they'll still make 20,000 cars in 2022. I can read the news already...."This just in, Lucid is making more of their $169,000 Dream Edition because of high demand and Lucid stock is responding postive to the demand for their car"....people will look for the nearest Lucid Studio to see what all the buzz is about. I doubt any company has ever taken a hit for high demand of their top-of-the line product, and no one will cancel their AGT order because they might have to wait three more months. What else are the going to buy? Dealer lots are almost empty.
I think you may have misunderstood what Peter Rawlinson said, they do all the engineering in-house like Tesla, then they contract out to manufactures to build components to their specs. This is different than buying an "off the shelf" part that a manufacturer makes for any car company who wants to buy it. Since Lucid designs the entire car, everything made for it is under their control meaning that part can't be made for anyone else unless Lucid licenses it. Only Tesla does it the same way. Lucid is clear they get materials and parts from several places. Their battery is from LG. This is nothing new.
Companies don't take a hit for the demand, they take the hit when they don't follow through on what they say. It would be stupid for them to announce they are making more Dream editions for sale.
