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Lucid new CEO: Silvio Napoli

illopp00 said:
Let's see how they respond to the announcement of the new 800V EQS having a longer range, I do think getting the Air RWS, chromatic roof and Gravity charging will be enough to keep it on top. They could also make a RWD one since you don't need 800hp or AWD to do long range.
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It doesn’t have longer range, that’s European cycle
 
gaskiller said:
Stock actually went up until they announced dilution!
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I mean it was positive in answering as to how the company had a roadmap for product up to 2029 and no credible path to fund it way there. Napoli has likely been involved for much longer than the current month's announcement, so they packaged it all together getting things worked out.
 
TahoeMichael said:
The counter point is that it's hard to understand how they could still be failing to get the key fob working 100% of the time.
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Because its hardware and code doesn’t fix shitty hardware. You can mask it which is what I think we’re seeing but mark my words, this is not a software problem.

My background is IT infrastructure working with software developers and we love to play this game of “Your software is buggy, it’s not the hardware” and we get “Your hardware is set up wrong, it’s not the software”. Being on team hardware I’ll always blame the software team first because 9 times out of 10 they’re just sloppy, but even I would concede on this key fob issue that it’s definitely hardware. It pains me to say those words…… 😂

Happy to be proven wrong so I can blame Team Software again though 😛
 
nashvillelucid said:
It’s not like Lucid sits on a huge amount of inventory. They basically sell what they are able to make. Of course they need more sales but they need more inventory in order to sell more. And they need those sales not to come back for servicing 2 or 3 times. Operations and supply chain are the big needed skill sets.
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They are still throttled by DTC limitations in certain US states, and possibly else where in EU. You can't tell me about a guy with a global elevator company that sells them everywhere in the world hasn't cracked the code on how to build out sales and services.
 
socktucker said:
They have roughly 3,000 unsold Gravity by last count
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I don’t that’s fair way to look at the recent quarters inventory numbers. When there is a recall you can’t just sell your inventory that’s affected. So that freezes your inventory number. And the “quality issue” with the supplier also means a number of cars were built up until the that affected part was installed. So increased inventory. Plus Lucid does that weird thing of sending unfinished vehicles to Saudi Arabia meaning there was around 1000 cars in transit to be finished over there.

They haven’t had issues selling their cars. Now they make an incredibly small number of cars so it’s not really being stress tested. But it’s not like they haven’t found a market for the finished cars they have produced.
 
PIF is also averaging down……rightfully so. Otherwise they could have just given a $billion credit line with low or no interest. Once the rubber band is let go…….thats why I’m diamond handing my stock. Averaging down baby!
 
HC_79 said:
Because its hardware and code doesn’t fix shitty hardware. You can mask it which is what I think we’re seeing but mark my words, this is not a software problem.
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Since 3.5.1 I (and some other posters) have seen new symptoms of key fob malfunctions I had never seen before. Three examples are the three passenger doors unlocking but not the driver door; the car now often failing to lock even long after the fob is well away from the car; and the car finally unlocking in the presence of the fob, but only when I'm standing right at the driver door for 20-30 seconds before anything happens.

Also, this is happening only with the newer Gravity, not with the older one.

That leads me to suspect software problems but, frankly, I don't have the expertise to know.
 
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I don't think the dilution is what dropped the stock. It went up initially this morning. I think the announced revenue miss caused the drop. Yes it was due to the Gravity stop sales order, but I don't think the Wall St folks thought last week's sales numbers causing a $150m revenue miss. Sure its obvious but I think the revenue miss was an abstract until announced today.
 
Need4Sleep said:
Don't let his age or retirement fool you. Dr. John B. Goodenough, the godfather of the lithium-Ion Battery, died at the age 100. Even during his 90s, he was still active and received the Nobel Prize at 97.
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But he invented the lithium-ion battery when he was in his thirties, not in his 90s. And his Nobel Prize wasn't given for what he did in his 90s, but in his 30s.
 
socktucker said:
They didn’t even get the new CEO a suit that fit, and he was very dodgy and full of non answers. It wasn’t a good look. He was retired, hand picked by PIF (a bit cagey when asked about it), I’m telling you this guy is here to launch the Atlas and close the company down.
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This is beneath you. Please refrain from ad hominem attacks. If you didn't like his answers, respond to his answers, not his suit.

socktucker said:
That seemed surprised he got the job.
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Or, perhaps, it was his first day on the job.

socktucker said:
Besides, they said sudden stop in sales was planned to launch the 2027, which was a total lie. Only later did we learn the truth, and the stock dropped another 25%. After promising transparency and communication, they just came out and bullshitted everybody.
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Again: citation required. They did not say this. They said the stop in sales was until they released the 2027 models, which was true.

Moreover, there may have been a reason they couldn't disclose the recall sooner, like a recall timeline established by the NHTSA; for all you know, they were still buttoning that up.

Two things can be true at the same time.
 
tarator said:
But he invented the lithium-ion battery when he was in his thirties, not in his 90s. And his Nobel Prize wasn't given for what he did in his 90s, but in his 30s.
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Decades often elapse before a Nobel is awarded, especially in the sciences, as the Committee wants to be sure the breakthrough stands the test of time.
 
borski said:
This is beneath you. Please refrain from ad hominem attacks. If you didn't like his answers, respond to his answers, not his suit.


Or, perhaps, it was his first day on the job.


Again: citation required. They did not say this. They said the stop in sales was until they released the 2027 models, which was true.

Moreover, there may have been a reason they couldn't disclose the recall sooner, like a recall timeline established by the NHTSA; for all you know, they were still buttoning that up.

Two things can be true at the same time.
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You should look professional when presenting for your company.
 
socktucker said:
You should look professional when presenting for your company.
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Since I've retired all my press conferences have been in sweatpants. Or they would have been if anyone asked me to do one. As it is, it just limits my choice of restaurants and cruise ships.

Fortunately, I live in a state where people throw 4-foot alligators through the drive-thru windows at Dairy Queens, so the sweatpants are a go pretty much anywhere.
 
illopp00 said:
Yes the new facelift did not fix that problem unfortunately. It still looks like the goofy brother of the normal S-Class.
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I’ve always been a Mercedes fan boy but man that S class has disappointed me twice over. I excitedly read the article to see the new front end and it’s not any different. Looks cheap and tacky.

Meanwhile my i7 is an absolutely incredible car, and I think it looks great too. I think BMW traditionalists don’t like it, but the public sure does. The interior is stunning.

…boy it handles like a land yacht tho. No amount of 4 wheels steering can disguise this behemoth.
 
hmp10 said:
Since I've retired all my press conferences have been in sweat pants. Or they would have been if anyone asked me to do one. As it is, it just limits my choice of restaurants and cruise ships.
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Maybe I’m old fashioned but if you’re brought on Bloomberg for your introduction to the business world, as the CEO chosen to the save the company, you should be dressed at least as good as your host.
 
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