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Q1 deliveries much worse than expected

Ampere said:
Since this has veered off to discuss the competition, the Mercedes CLA 250+ EV sedan (the 350+ is the same car with AWD), just arriving in the U.S. is turning a lot of heads in Europe and especially the U.K. The reviews in the U.K. have been very favorable. The base model is only $48K and fully loaded 55K. It's about the size of a Tesla 3, but with every creature comfort available a Lucid Air (massage seats are an option). It even matches or exceeds the range of an Air Touring. This is the price range Lucid should have aimed for with a downsized version of the Air.

Both Mercedes and BMW have totally new EV platforms on which to base an entire range of vehicles. While Lucid contemplates the Cosmos the factories in Germany are busy.
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Is this officially listed, i think Merc normal fully loaded is double their base price.
 
sri said:
Is this officially listed, i think Merc normal fully loaded is double their base price.
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Specs aren’t that great. Down on power.this is the base model. Go with AMG line, you get more power but much less range.

Power
268bhp
Torque
247lb ft
0-62mph
6.7sec

No one can beat Lucid in EV tech.
 
gaskiller said:
Specs aren’t that great. Down on power.this is the base model. Go with AMG line, you get more power but much less range.

Power
268bhp
Torque
247lb ft
0-62mph
6.7sec

No one can beat Lucid in EV tech.
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I think price is also not correct, at least fully loaded.
 
tmichael said:
It may seem like an old horse, but don't count GM out. They are not shelving development - completely the opposite. They will be ready when the larger buying public is ready...
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They have the fullest model lineup, pickups, SUVs, luxury, affordable and mid and small. And that Celestiq thing...
 
gaskiller said:
Specs aren’t that great. Down on power.this is the base model. Go with AMG line, you get more power but much less range.

Power
268bhp
Torque
247lb ft
0-62mph
6.7sec

No one can beat Lucid in EV tech.
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Yes all the real world testing does not show it has more range than the Air. I am sure the base Rear drive CLA with the small wheels is as efficient but its also a smaller vehicle with a lot less power and space.
 
illopp00 said:
Air sales were down big in Q1. But you could also be Audi, and plenty of the other middling players down -20%+.
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Absolutely brutal report, but not surprising. A lot of these aren't even in the game anymore. Ford pulls the plug on the Lightning way too early IMO and has done nothing to keep the Mach-E competitive. While I want to attribute these to companies not trying, it does paint an ugly picture short term, though I do think this will look a lot different in Q2 with current gas prices and upcoming EVs as well as the EV Tax Credit comfortably in the rearview mirror.
 
Seems there is a little recovery, hope it holds till end of the day.
 
The_Don said:
I'm hoping they're holding out on the Cosmos reveal until they can get a largely functional car in press hands (think reveal of Porsche Cayenne EV). I'd imagine they don't want a reveal with non-existent software given their history.
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They have done a great job hiding them in that way, was hoping one of those factory flyovers would catch a mule driving around or something close to pre-prod sitting out....
 
I'm taking a wild guess where I think they're waiting for Silvio to be settled in before they put their Cosmos release into action. At least then he'll be relatively up to speed in his new role and the company has his input / endorsement of their rollout strategy.

That, or their thinking of having a tight timeline between public unveiling and press reviews to keep the momentum and hype going. Go full-steam ahead the moment the Cosmos is revealed.
 
If someone gave you a prospectus of a company with Lucid's performance characteristics, there is no way any of you would invest in it. I still can't believe people are still buying additional stock. I get dollar cost averaging, but that is still money you can potentially lose, and there are far better and more certain investments you can make with those funds.
 
L-Dude said:
If someone gave you a prospectus of a company with Lucid's performance characteristics, there is no way any of you would invest in it. I still can't believe people are still buying additional stock. I get dollar cost averaging, but that is still money you can potentially lose, and there are far better and more certain investments you can make with those funds.
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I'm still regularly buying Lucid stock with money I can afford to lose. And Lucid stock is the tiniest fraction of my portfolio. If someone went out of their way to re-mortgage their home to buy Lucid stock or put the entirety of their pension into it, they've got bigger problems than the price of the Lucid stock.
 
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L-Dude said:
If someone gave you a prospectus of a company with Lucid's performance characteristics, there is no way any of you would invest in it. I still can't believe people are still buying additional stock. I get dollar cost averaging, but that is still money you can potentially lose, and there are far better and more certain investments you can make with those funds.
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It's currently hovering around $7 a share with, honestly, a lot of upside and potential. A lot of people believe in the product and the specs on their vehicles are incredible.

Are there concerns? Sure. But a $7 investment (or let's $70 if you want to buy 10 shares to hold) don't think it would break anyone. I see it more of a long term minor investment (or gamble, at worst) that could either pay off huge or lose me a few hundred dollars worst case scenario. And if ends flopping, well, I can just use that to offset gains elsewhere. All that to say, I don't see it as a fool's errand to invest in it now in smaller quantities. If someone is buying thousands of shares though, then I would be a little worried.
 
The investing statistic on winning investments and making money I find interesting has parallels to tennis vis-a-vis winning matches and winning points.
Rodger Federer over his career won almost 80% of his matches yet only won 54% of his points. In the S&P 500, 50% of the stocks decrease in value each year, yet the average year the market goes up. Since I don't have the ability to cut my loses and get out, nor the stomach to watch half my stocks go down, 80-90% of my investments are in broad based funds. The rest is used for entertainment by investing in individual stocks, where my deficiencies in investing won't make or break my portfolio.
 
Pragmatic said:
The investing statistic on winning investments and making money I find interesting has parallels to tennis vis-a-vis winning matches and winning points.
Rodger Federer over his career won almost 80% of his matches yet only won 54% of his points. In the S&P 500, 50% of the stocks decrease in value each year, yet the average year the market goes up. Since I don't have the ability to cut my loses and get out, nor the stomach to watch half my stocks go down, 80-90% of my investments are in broad based funds. The rest is used for entertainment by investing in individual stocks, where my deficiencies in investing won't make or break my portfolio.
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Even then, the S&P 500 is heavily skewed towards American tech companies. Which is why the ETFs I invest in are more spread out across different industries and across different countries altogether.

Anyways, straying too far from the topic of the thread.

Overall, I'm not surprised Q1 deliveries are down, given that Gravity had to be put on hold. I'm hoping that the new model years for Air and Gravity introduce manufacturing efficiencies and cost improvements. I've been particularly focusing on the improved manufacturing because of Cory Steuben's Director of Cost Engineering role, and his expertise back in Munro & Associates will definitely help steer Lucid in the right direction on cost reduction and manufacturing improvements.
 
Need4Sleep said:
I'm still regularly buying Lucid stock with money I can afford to lose. And Lucid stock is the tiniest fraction of my portfolio. If someone went out of their way to re-mortgage their home to buy Lucid stock or put the entirety of their pension into it, they've got bigger problems than the price of the Lucid stock.
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Someone keeps going after Nick Twork on X about how abysmal the stock price is and name calling him and the rest of management. More fool him for putting $8.5 million into the stock and believing what Lucid said on their SPAC presentation. If anyone did their due diligence they would have known that there was no way Lucid was going to sell that volume of high end vehicles in a limited market. You just needed to do comparisons of sales from Audi, BMW & Mercedes to know Lucid was smoking something when they created that presentation. I just love how when people take a huge bet and they win it's a celebration for them but when they lose on that bet its everyone else's fault bar themselves for being so stupid to bet the entire house on the company. I really have no sympathy for people who have lost big on Lucid stock because from day 1 it's always been a high risk stock and should've only invested what you're prepared to lose.

I stopped buying the stock long ago because I got sick of the overpromising all the time and never delivering. When Lucid actually starts to deliver then I will start investing again. Getting it at $10, $15 etc. would still be a bargain if the price goes to $50 or beyond in the coming years.
 
illopp00 said:
They have done a great job hiding them in that way, was hoping one of those factory flyovers would catch a mule driving around or something close to pre-prod sitting out....
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So much chassis/platform development is done in a lab today. Platform is attached at wheel mounting points and bounced around, jostled and "miles" are put on 24/7. Pretty wild stuff. One of the reasons GM sold Mesa proving grounds - much less need to actually drive a mule around nowadays. Hot weather testing - heat the test cell. Cold weather testing - freeze test cell lab. Not that it isn't done, but nowhere near the primary means of obtaining data. Pretty cool!
 
HC_79 said:
Someone keeps going after Nick Twork on X about how abysmal the stock price is and name calling him and the rest of management. More fool him for putting $8.5 million into the stock and believing what Lucid said on their SPAC presentation. If anyone did their due diligence they would have known that there was no way Lucid was going to sell that volume of high end vehicles in a limited market. You just needed to do comparisons of sales from Audi, BMW & Mercedes to know Lucid was smoking something when they created that presentation. I just love how when people take a huge bet and they win it's a celebration for them but when they lose on that bet its everyone else's fault bar themselves for being so stupid to bet the entire house on the company. I really have no sympathy for people who have lost big on Lucid stock because from day 1 it's always been a high risk stock and should've only invested what you're prepared to lose.

I stopped buying the stock long ago because I got sick of the overpromising all the time and never delivering. When Lucid actually starts to deliver then I will start investing again. Getting it at $10, $15 etc. would still be a bargain if the price goes to $50 or beyond in the coming years.
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and also this obsession with stock prices as a whole is getting absurd. Shareholders expecting constant growth non-stop is just not sustainable and only encourages short-term thinking, when engineering anything to scale needs several years and even decades worth of planning. I'm a shareholder and I find other shareholders unbearable.
 
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