Stock Momentum

[The_Don]

Lucid released Q3 production and deliveries today. Not the strongest performance, but better than estimates and they've indicated Gravity demand continues to regain momentum. As of writing, LCID is down 0.75% in after hours trading. Hopefully they can keep this momentum!

Production: 2,954
Deliveries: 3,806

Also posting this thread so we can stop using the "Target $0" as our go-to stock thread.

 

[Need4Sleep]

Here's the link in case anyone wants to read it: https://ir.lucidmotors.com/news-rel...-q3-production-and-deliveries-sets-date-third

 

[Need4Sleep]

The silver lining that I see is that Gravity is still regaining momentum. I'm taking it as a good sign given how well SUVs sell. More owners mean it'll build more brand awareness via word-of-mouth

 

[gaskiller]

Lucid released Q3 production and deliveries today. Not the strongest performance, but better than estimates and they've indicated Gravity demand continues to regain momentum. As of writing, LCID is down 0.75% in after hours trading. Hopefully they can keep this momentum!

Production: 2,954
Deliveries: 3,806

Also posting this thread so we can stop using the "Target $0" as our go-to stock thread.

Primary goal should be reducing cash burn. Looks like they are making progress. Produced 800 less than delivered.

Hopefully Gravity deliveries will increase into Q4.

 

[Leftlane]

Lucid released Q3 production and deliveries today. Not the strongest performance, but better than estimates and they've indicated Gravity demand continues to regain momentum. As of writing, LCID is down 0.75% in after hours trading. Hopefully they can keep this momentum!

Production: 2,954
Deliveries: 3,806

Also posting this thread so we can stop using the "Target $0" as our go-to stock thread.

Stock is heading down and you want to keep that momentum? Seems like target $0 might be accurate then.

 

[illopp00]

Lucid released Q3 production and deliveries today. Not the strongest performance, but better than estimates and they've indicated Gravity demand continues to regain momentum. As of writing, LCID is down 0.75% in after hours trading. Hopefully they can keep this momentum!

Production: 2,954
Deliveries: 3,806

Also posting this thread so we can stop using the "Target $0" as our go-to stock thread.

Hooray to eating down inventory!!, Production costs being redirected to service is a good balance.

 

[BS8899]

Hooray to eating down inventory!!, Production costs being redirected to service is a good balance.

Reduced production, selling inventory, steps in the right direction.

They are hiring at the SCs. I met a new service advisor last week when I went to the Scottsdale SC. That said, they need to revisit some of their SC appointment booking/servicing algorithm. It hurst Lucid and the customers when you take months to schedule a service appointment and then 2-4 weeks to actually complete service of the vehicle. Meanwhile, Lucid pays for a loaner!

I'd love to hear Silvio's articulation of his action plan at his November conference call.

Still a long way to go!

 

[gaskiller]

Reduced production, selling inventory, steps in the right direction.

They are hiring at the SCs. I met a new service advisor last week when I went to the Scottsdale SC. That said, they need to revisit some of their SC appointment booking/servicing algorithm. It hurst Lucid and the customers when you take months to schedule a service appointment and then 2-4 weeks to actually complete service of the vehicle. Meanwhile, Lucid pays for a loaner!

I'd love to hear Silvio's articulation of his action plan at his November conference call.

Still a long way to go!

They should get 5k deliveries in q4 easily. Hopefully more with word of mouth, now that software is fixed.

Per AI, but this doesn’t include vanity projects and jobs that were cut. Still long way to go to get to 1.4 billion by the end of the year. I’m sure Napoli is on top of it.

Direct Financial Savings Breakdown



1. Avoided Variable Manufacturing Costs

• Production reduction: Built 1,820 fewer vehicles compared to Q2. [1]
• Upfront cash protected: Avoided ordering parts for lower factory shifts. [1]
• Estimated cost avoidance: $109.2 Million to $182.0 Million.
  • Assumes variable component/labor costs of $60K–$100K per car.

2. Cash Conversion of "Trapped" Inventory Asset

• Inventory drawdown: Deliveries exceeded production by 852 units. [1]
• Average Selling Price (ASP): Hovered around $102,530 in Q2.
• Liquidity unlocked: Roughly $87.4 Million in pure cash.
  • Monetized existing vehicles without incurring new factory spending.

Total Calculated Near-Term Cash Benefit: $196.6M to $269.4M saved or generated inside the quarter.

 

[donfenn]

They have a long way to go, but this is a step in the right direction. I think the Gravity momentum is good, and Air with much improved operating system, should kindle a bit more postive Air press...

 

[BS8899]

They have a long way to go, but this is a step in the right direction. I think the Gravity momentum is good, and Air with much improved operating system, should kindle a bit more postive Air press...

I agree!

That said, I believe (the economic impact of) Cosmos is much farther out than it seems. I am not talking about a cameo appearance or a "fake intro", I am talking about consequential Cosmos volume (say, more than 3k-4k+ per Q) is more than 1 year away, perhaps 18-24mo or more.

Meanwhile, with the mid-term election and a likely stalemate (vis-a-vis, high inflation, continued un-ending wars, Legislative vs Executive Branch), the US economy will just sputter along.

Lucid needs to have a strategy to ride out these transitions (which they don't control) and still emerges from the chaos with a viable entity.