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Lucid Reports Sales In Q3 Earnings Call - Leadership Updates - Playing to Win

Hopefully it's a good sign that leadership for software engineering and quality have both changed. I haven't had time to listen to the call. Did they reaffirm the 18-20k full year guidance? Or back away from it?
 
Tâm said:
Critics thought Lucid would run out of cash this year or next year.

Now, it has enough liquidity through the first half of 2027.
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Hell the fanbois told me they'd be bankrupt last year!! 🤣🤣🤣🤣
 
HC_79 said:
ADAS team is completely separate from UX/UI team. We can thank our lucky stars for that, if the UX/UI team was also doing ADAS, our cars would probably be ramming into walls 😂


I ask questions in the Say platform but it seems every idiot under the sun keeps voting for questions that are easily searchable on the internet. Baby steps, we at least didn’t hear a question about “partnerships, when?” 😂
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I submit questions every time, but it never cracked the top 10. The same idiotic questions are asked and picked up by everyone, as some folks with a large number of shares are voting it up. Some YouTubers even went to the extent of claiming Lucid insiders propping up these questions, but I don’t give any credence to such speculation.
 
I've had 2 questions asked. One in q4 2024 and today. No I didn't ask about an apple partnership, when the midsize would be available, or an issue with my lease. Both times I don't think they did a good job addressing the questions and today they didn't even read the entire question. They didn't mention anything about a plan to fight shorts or reduce the need for dilution. I agree they should stop the retail portion of the call because there is zero value.
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Pwmac said:
I've had 2 questions asked. One in q4 2024 and today. No I didn't ask about an apple partnership, when the midsize would be available, or an issue with my lease. Both times I don't think they did a good job addressing the questions and today they didn't even read the entire question. They didn't mention anything about a plan to fight shorts or reduce the need for dilution. I agree they should stop the retail portion of the call because there is zero value.
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I hate to say it, but I don't think this is a terribly useful question, because the answer seems likely to be obvious and not terribly informative. The most you're likely to get is platitudes about execution, seeing results from the increased marketing spend, continuing to ramp production, and the 3rd vehicle.
 
Tâm said:
Critics thought Lucid would run out of cash this year or next year.

Now, it has enough liquidity through the first half of 2027.
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Only because PIF Daddy keeps propping them up 😂 . Thankfully, otherwise they would’ve been done long ago with all the stumbles they’ve had.

Need4Sleep said:
I was surprised to see Eric Bach leave
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Yes, that was surprising for sure. We’ll never know if it was forced or he left on his own accord.
 
Need4Sleep said:
I was surprised to see Eric Bach leave

On the other, I'm glad to see that Lucid expects the bulk of the remaining orders to be Gravities, plus they now have enough funding for midsize start of production
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That didn't register when I was reading the details. Eric Bach is a true gentleman and an expert in his craft. Seems like it was good I got my photo with him at the LA Event for Gravity. Maybe he will pop up elsewhere to meet again.

I very much hope the move is because the vehicles he likely enjoys designing have been designed for the foreseeable future. Hard for me to believe tuning the driving dynamics and associated engineering challenges of the future mid-size vehicles are equivalent to that of the Air or Gravity as a driver's cars.
 
californiaboy935 said:
It is great to hear on today’s earnings call that Uber’s Nuro integration and other strategic initiatives are moving full steam ahead. The NVIDIA collaboration is especially exciting—big things ahead for intelligent automation and next-gen mobility. Hands-free free which is fully developed in-house versus partnerships, will be something I have my eye on.

"We are playing to win" - Marc Winterhoff

Congratulations also to Emad Dlala, who has been appointed Senior Vice President, Engineering and Digital. In addition to leading the powertrain organization, he will now oversee all product development functions, including vehicle engineering, digital systems, and software. In his expanded role, he will continue to drive Lucid's technology leadership, lead vehicle development, improve cost efficiency and manufacturability, and advance Lucid's software-defined vehicle architectures. With this end-to-end responsibility, I think he will be able to implement many new ideas to help push Lucid forward.

Congratulations also to Erwin Raphael has been elevated to Senior Vice President, Revenue, with expanded global responsibilities. He will now lead global sales and service operations, driving accountability for revenue and customer experience as Lucid expands further into new consumer markets worldwide.



Some of Lucid's Financial Highlights

Produced 3,891 vehicles in Q3, up 116% compared to Q3 2024, with more than 1,000 additional vehicles built for Saudi Arabia for final assembly
Delivered 4,078 vehicles in Q3; up 47% compared to Q3 2024
Q3 revenue of $336.6 million; up 68% compared to Q3 2024
Subsequent to quarter end, the Public Investment Fund ("PIF") and Lucid agreed to increase the delayed draw term loan credit facility (the "DDTL") from $750 million to approximately $2.0 billion. Lucid's total liquidity at quarter end would have been approximately $5.5 billion, giving effect to this DDTL increase, up from actual total liquidity of $4.2 billion. The DDTL facility remains undrawn.
Operational Highlights

Announced a strategic collaboration with NVIDIA to co-develop next-generation Level 4 autonomous driving technology, positioning Lucid at the forefront of intelligent, software-defined vehicle development and one of the first to offer Level 4 autonomous driving capabilities to consumers.
Delivered the first Lucid vehicles into the robotaxi engineering fleet for further development by Nuro, marking a key milestone in the Uber robotaxi partnership; announced initial rollout in San Francisco in 2026.
Completed Uber's $300 million strategic investment in Lucid, strengthening alignment around shared goals in premium electric and autonomous transportation.
Announced key organizational changes designed to accelerate growth, streamline decision-making, enhance accountability, and strengthen global expansion.
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Their Chief Engineer, VP of Engineering and VP of Quality all got sacked today. I assume it’s because the Gravity is a lemon. My was towed in for service on Halloween, I took delivery a week earlier. It will take “at least two weeks” for service. https://finance.yahoo.com/news/lucid-motors-chief-engineer-leaves-212115660.html
 
Pwmac said:
I've had 2 questions asked. One in q4 2024 and today. No I didn't ask about an apple partnership, when the midsize would be available, or an issue with my lease. Both times I don't think they did a good job addressing the questions and today they didn't even read the entire question. They didn't mention anything about a plan to fight shorts or reduce the need for dilution. I agree they should stop the retail portion of the call because there is zero value.
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They’re not gonna touch that one come on.
 
Shadow said:
Their Chief Engineer, VP of Engineering and VP of Quality all got sacked today. I assume it’s because the Gravity is a lemon. My was towed in for service on Halloween, I took delivery a week earlier. It will take “at least two weeks” for service. https://finance.yahoo.com/news/lucid-motors-chief-engineer-leaves-212115660.html
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They’re definitely having problems. You’ve all seen mine. The techs were great guys but they are working in a fast changing company that seems to have uncertain direction at times and I think it trickles down in the processes. Fortunately they had a part on the van because their checklist system they were sent with was missing a whole repair. The techs were good guys but they also got sent 12 hours round trip to replace a few things that should have been caught at delivery, and they didn’t even get their parts on time. they took it in stride but eventually they’re going to ask their own leadership why this happens over and over.
 
tonybot said:
I submit questions every time, but it never cracked the top 10. The same idiotic questions are asked and picked up by everyone, as some folks with a large number of shares are voting it up. Some YouTubers even went to the extent of claiming Lucid insiders propping up these questions, but I don’t give any credence to such speculation.
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but did you ask when they're going to finally make a yellow one?
 
borski said:
but did you ask when they're going to finally make a yellow one?
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I doubt they would make a yellow one... they would have to call it "Lemon Gravity" 🍋 😂
 
Rogue said:
That didn't register when I was reading the details. Eric Bach is a true gentleman and an expert in his craft. Seems like it was good I got my photo with him at the LA Event for Gravity. Maybe he will pop up elsewhere to meet again.

I very much hope the move is because the vehicles he likely enjoys designing have been designed for the foreseeable future. Hard for me to believe tuning the driving dynamics and associated engineering challenges of the future mid-size vehicles are equivalent to that of the Air or Gravity as a driver's cars.
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Agreed. I’m going to miss seeing Eric and James Hawkins at events. They were both class acts who brought much to the vehicle in all aspects of drivetrain technology.

Emad continuing to advance in his role gives me absolute confidence that they’ll continue to innovate and create amazing vehicles. Emad is super diligent in both getting BOM down and making the best technological leaps towards the efficiency needed (with the associated battery cost) to make midsize profitable.

Gravity and Air both have had an amazing team, and I think although this is a leadership shakeup it’s not a leadership gutting. I have faith that Lucid will continue advancing and building amazing vehicles.
 
HC_79 said:
ADAS team is completely separate from UX/UI team. We can thank our lucky stars for that, if the UX/UI team was also doing ADAS, our cars would probably be ramming into walls 😂


I ask questions in the Say platform but it seems every idiot under the sun keeps voting for questions that are easily searchable on the internet. Baby steps, we at least didn’t hear a question about “partnerships, when?” 😂
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Speaking of running into walls... this happened Tuesday at my nearby grocery store...
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