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Northpointe said:
Short term strategy is to convert inventory to cash. Discounts accomplish that objective. Hopefully that cash is then put into customer service. For all the money that has poured into Lucid, it appears to me that cap ex has been the priority over op ex. We've seen factories built and new technologies pursued but at the expense of day to day operations.

As far as improving the brand strategy, that's going to take more time and consistency. There's a lot to overcome there across two poorly executed model launches. The good news is that Napoli has fully acknowledged the challenges there and vowed not to make the same mistakes going forward.
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As I recall the Air got off to quite a slow start due to the same things, random build quality issues and buggy software, so its not and unsolvable problem.
 
likegadgets said:
According to a google search, Saudi Ownership now is Approximately 56.8% to 58.4% of Lucid Group (LCID) that is owned by Saudi Arabia, primarily through its sovereign wealth fund, the Public Investment Fund (PIF) via its affiliate Ayar Third Investment Company.
The Public Market Float: Approximately 41.9% of Lucid's total outstanding shares are available in the public market float.

Market cap now is about 1.6 Billion so public Float Value: ~$670M – $690M USD - I wonder if the Saudis are contemplating taking this privateer or increasing their ownership. I know there are regulations, perceptions, pros and cons.
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Downsides of going private:

1. Becomes Saudi company, which may affect sales in Western countries
2. Loss of access to US capital markets
3. Saudi have to fund another 2-3 billion at least in addition to the billion to go private
4. Security implications for Saudi company running Robotaxis in US
5. Loss of stock incentives needed to hire and retain the best talent

They won’t go private.
 
FWIW, I did not see a single Gravity in NYC / Long Island’s South Shore before the summer, and now they are everywhere. Absolutely exploded here over the past few months, and almost all women driving them (I feel like the only dude driving this thing!).

This area is not an early-adopter market by any means (I was the only guy in my town with a Tesla in 2013), so I’m pleasantly shocked to see soccer moms buying Gravities. Personally, I wouldn’t be surprised if the Q3 sales numbers surprise folks.

That said, I’d guess this region is 80–90% leased, and they definitely snagged a lot of those crazy lease deals.

Also randomly saw a Gravity with Nuro tonight driving around my suburban area! No idea how many testers they have out now, but I’ve now seen tons of Cybercab testers (with steering wheels and drivers, of course) and now a Nuro Gravity. NY isn’t allowing fully driverless operation anytime soon, so I have no idea why they’re all here now.
 
LucidNYGuy said:
FWIW, I did not see a single Gravity in NYC / Long Island’s South Shore before the summer, and now they are everywhere.
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I was gonna make the exact same comment. I have even seen a few parked in driveways in my village here on LI.
 
gaskiller said:
I absolutely hate it when anyone gives me investment advice.
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"Anyone" is a really, really large group of people!

Advice is information clothed in opinion - feel free to take off the opinion, but we can often learn from the information.

Dream Ahead!
 
prgarg said:
I was gonna make the exact same comment. I have even seen a few parked in driveways in my village here on LI.
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In Westchester and will sometimes have days where I see more Gravity than Rivians. This is obviously anecdotal, but hope this indicates they're starting to get some traction.
 

Bolt in partnership withLucid for 25k robotaxi deployment.

Looks like their Nuro partnership is progressing well.

I bet you, Uber will up its stake and invest more in Lucid. They need robotaxis for Europe. Bolt is more concentrated in central and Eastern Europe, where Uber is banned in some countries.
 
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gaskiller said:

Bolt in partnership withLucid for 25k robotaxi deployment.

Looks like their Nuro partnership is progressing well.

I bet you, Uber will up its stake and invest more in Lucid. They need robotaxis for Europe. Bolt is more concentrated in central and Eastern Europe, where Uber is banned in some countries.
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I'm not a big fan of chasing autonomy vs just working to get the cars right and serviced well, but if this helps Lucid get closer to profitability, fine.

At least robotaxis don't use key fobs, so that removes one Lucid pain point. 🤡
 
LucidNYGuy said:
FWIW, I did not see a single Gravity in NYC / Long Island’s South Shore before the summer, and now they are everywhere. Absolutely exploded here over the past few months, and almost all women driving them (I feel like the only dude driving this thing!).
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Up until last week, I had not seen more than one in the 9 months since I got mine. And even then I wasn't 100% as it was traveling the opposite direction on the interstate with a wide median thru Kansas. Then near the end of a road trip last week I was charging at EA in Rawlins WY, when another Aurora Green Gravity shows up to charge. That was a first! So of course I had to get out and chat them up. They were from Seattle and just spent a few days in Yellowstone, camping in the back of it.

Typical Lucid story though... they recently bought a GGT that they planned this trip for but it had issues and was in the shop. This was the loaner they gave them. Only a Touring so they struggled with enough range for Yellowstone.
 
dbsb3233 said:
I'm not a big fan of chasing autonomy vs just working to get the cars right and serviced well, but if this helps Lucid get closer to profitability, fine.

At least robotaxis don't use key fobs, so that removes one Lucid pain point. 🤡
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You need autonomy development now, or you will get left behind. Look ahead 10-20 years.

And you need electric cars for robotaxis. ICE cars not suitable.

And like you said, it may be the saving grace for this company.

I’m now more convinced that is why Rawlinson was told to step down- he wanted an “ intel inside “ type picture. Lucid powertrain in other manufacturers cars and was against robotaxi deployment. As soon as he stepped down, Lucid/Nuro deal was announced. And of course, those dozen token Gravities that he sold in Dec.
 
dbsb3233 said:
Up until last week, I had not seen more than one in the 9 months since I got mine. And even then I wasn't 100% as it was traveling the opposite direction on the interstate with a wide median thru Kansas. Then near the end of a road trip last week I was charging at EA in Rawlins WY, when another Aurora Green Gravity shows up to charge. That was a first! So of course I had to get out and chat them up. They were from Seattle and just spent a few days in Yellowstone, camping in the back of it.

Typical Lucid story though... they recently bought a GGT that they planned this trip for but it had issues and was in the shop. This was the loaner they gave them. Only a Touring so they struggled with enough range for Yellowstone.
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On the bright side, they were putting miles on the loaner 😁
 
gaskiller said:
You need autonomy development now, or you will get left behind. Look ahead 10-20 years.

And you need electric cars for robotaxis. ICE cars not suitable.

And like you said, it may be the saving grace for this company.

I’m now more convinced that is why Rawlinson was told to step down- he wanted an “ intel inside “ type picture. Lucid powertrain in other manufacturers cars and was against robotaxi deployment. As soon as he stepped down, Lucid/Nuro deal was announced.
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10-20 years away, yes. But I don't think that requires starting on it now. By then the tech will likely have matured and there will probably be a few best-in-practice that emerge that will become off-the-shelf tech. I don't think we need 20 different automakers all trying to invent their own proprietary robo systems. Especially the fledgling ones like Lucid that are struggling mightily just to survive at all without diverting precious resources to that.

I also don't really agree with the "left behind" part. Not all automakers have to offer the exact same thing to thrive for decades. For instance when automatic transmissions came around, did manual transmissions just cease to exist within a few years? No, it took many decades before consumer demand for manual transmissions finally faded to almost nothing. (And that's just the US. In other markets they're still somewhat common.)

Same with EV adoption. People said that legacy would get "left behind!" if they didn't switch to EVs ASAP. Well here we are now 10 years after the first mass market EV (Model 3) and ICE/hybrid are still over 90% US market share. That will gradually shift, of course, but it'll take decades. It's already been one decade.

I just don't think Lucid would die because they didn't develop their own FSD. They may very well die for other reasons, but I think there is, and will continue to, a huge consumer market for good cars that don't drive themselves for at least 20 more years.
 
gaskiller said:
I’m now more convinced that is why Rawlinson was told to step down- he wanted an “ intel inside “ type picture. Lucid powertrain in other manufacturers cars and was against robotaxi deployment.
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Do you have any evidence to support that Peter Rawlinson was against robotaxi or are you just assuming this. I have been following Lucid since 2019 and have met Peter multiple times and I have not seen that he was against robotaxi. If you have evidence, please share. Otherwise please stop spreading misinformation.
 
dbsb3233 said:
I'm not a big fan of chasing autonomy vs just working to get the cars right and serviced well, but if this helps Lucid get closer to profitability, fine.

At least robotaxis don't use key fobs, so that removes one Lucid pain point. 🤡
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Near as I can tell, Lucid isn’t really working on autonomy. They're focused on building the vehicle platform, and hoping someone else can get the software side working. Personally,
I think that's very sensible. They're need to get the basics right before they tackle something like in-house autonomy.
 
TahoeMichael said:
Near as I can tell, Lucid isn’t really working on autonomy. They're focused on building the vehicle platform, and hoping someone else can get the software side working. Personally,
I think that's very sensible. They're need to get the basics right before they tackle something like in-house autonomy.
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If that's the case and Lucid isn't throwing a lot of money or resources at it, that's positive. I really haven't followed their partnership deals much. I'd rather they just spend their money and resources on getting the cars and service right.
 
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