What's new
By:

CFO out

Can’t everyone generally agree the status quo was not working and unsustainable? I for one am completely okay with this. There is no point to bringing in a new CEO if all he is going to do is be a new figurehead and collect a paycheck. Here is his post on LinkedIn.
 

Attachments

  • IMG_5531.webp
    IMG_5531.webp
    207.5 KB · Views: 153
Miami_Lucid_Man said:
Can’t everyone generally agree the status quo was not working and unsustainable? I for one am completely okay with this. There is no point to bringing in a new CEO if all he is going to do is be a new figurehead and collect a paycheck. Here is his post on LinkedIn.
Click to expand...
Yep. I see this as a great move forwards. Out with the old!

Tech is mostly sorted out. They need better financial and service execution. The old guard was too concerned about “ production numbers “ than actually providing a solid product or customer experience that increases sales.
 
BS8899 said:
LCID lost ground today. In spite of the Q1 production pause blamed on the (seat-belt buckle) supplier, the Q2 numbers are anemic. It is what it is!

Napoli might as well clean up the closet of skeletons and start anew!
Click to expand...
Ehhh it’s like a dollar. Not a new low or anything.
 
The hiring overall look interesting because of the significant auto experience coming in which people dinged Silvio for (he’s just an elevator guy). So looks to me like: I can run a business but I’m gonna get help tailored to the space from people who know it. Although Nissan and Stellantis aren’t exactly bell ringers to me. Overall, this gives me more confidence especially with the looming investors suits.
 
psulightning said:
The hiring overall look interesting because of the significant auto experience coming in which people dinged Silvio for (he’s just an elevator guy). So looks to me like: I can run a business but I’m gonna get help tailored to the space from people who know it. Although Nissan and Stellantis aren’t exactly bell ringers to me. Overall, this gives me more confidence especially with the looming investors suits.
Click to expand...
Its not going to be a worse situation that's for sure. There might be more pain coming too, restructure as well. But they are doing something which was better than doing nothing.
 
I don’t know the rest, but Kai is a good choice.
 
The good news is they are able to build from here off what are indisputably two of the top overall cars on the road today. It's an amazing product that gives me immense joy every time I drive, whether on a road trip or around the block. They just need to seriously get their house in order. It would be a real shame if they can't make this work.
 
My personal take (this is all opinion and "reading tea leaves"):

Lucid needed a big restructure. It is a company built by engineers that delivered what they are good at - leading class engines and automotive handling. However, the need to shore up the non-engineering aspects of the company.

I have a new GGT and love it. It's probably the best car I've ever owned in terms of performance and handling. It's also my first EV, and has convinced me that I will probably never go back to gas. However, they have their software issues, and I definitely think that have sales, marketing and service issues.

When I drive around I generally get two comments on the car - "what is that?", which indicates a marketing problem - or a comment along the lines of amazement and "wow! How cool is it to be one of the first people to have one of those!" (Said by a hotel valet in Atlanta that thought I had the first Gravity in Atlanta. I told him I had just driven it down from NYC and they were amazed at the range and how "cool" the car was.)

What I take from this is that they have built a great car - but they need to iron out all of the production problems, software issues - and they really need to publicize the car more. When people see it and experience it, they love it. I just don't think people are seeing it enough.

Service also definitely needs an upgrade - both in terms of customer and mechanical. When I picked up the car, the experience was "fine". Not amazing, just fine. I didn't feel like I was getting the newest, coolest thing out there - and I actually think it can lay a reasonable claim to being one of the newest and coolest things out there. That experience needs to be improved.

All in all - I think they have a great product, but they need a team that can really smooth out the "rough" edges and get their great, solid product more into the mainstream. We'll find out soon if this is the group to do that. I'm hopeful, but time will tell...
 
I have never paid much attention to earnings calls before, but I've watched several of Lucid's recently and I am happy to see the CFO go. He seemed to not be able to answer any of the questions related to financial topics. Seemed like he was unaware of what was going on around him. Of course, that might be normal for these types of calls.
 
Not sure if they were demoted or given the boot but looks like Erwin & AK are missing from the leadership page now

lucidmotors.com

Leadership | Lucid Motors

Meet Lucid’s leadership team driving innovation in electric mobility. Explore the executives shaping engineering, design, operations, and the global strategy behind Lucid’s next generation of EV technology.
lucidmotors.com lucidmotors.com
 
HC_79 said:
Not sure if they were demoted or given the boot but looks like Erwin & AK are missing from the leadership page now

lucidmotors.com

Leadership | Lucid Motors

Meet Lucid’s leadership team driving innovation in electric mobility. Explore the executives shaping engineering, design, operations, and the global strategy behind Lucid’s next generation of EV technology.
lucidmotors.com lucidmotors.com
Click to expand...
AK?
 
psulightning said:
The hiring overall look interesting because of the significant auto experience coming in which people dinged Silvio for (he’s just an elevator guy). So looks to me like: I can run a business but I’m gonna get help tailored to the space from people who know it. Although Nissan and Stellantis aren’t exactly bell ringers to me. Overall, this gives me more confidence especially with the looming investors suits.
Click to expand...
Yeah, I've looked more into each of their profiles and they're damn impressive. I'd also like to point out that each of them either came from very sizeable names or worked in considerable international roles as a whole. Looks like they're really pushing towards a more global lens
 
For those doomsday predictors, these do not seem to be the type of hires prepping to part out the company and prepare for bankruptcy. To me, the earliest sign of things improving will be with service. If we see repair times here in Houston drop to less than a week from the current 3+ weeks, I might have faith that Lucid is on its way to solvency. Yes, I know that Lucid needs to sell more cars, but word of mouth on poor service experience can drag down sales.
 
Bdr100 said:
For those doomsday predictors, these do not seem to be the type of hires prepping to part out the company and prepare for bankruptcy. To me, the earliest sign of things improving will be with service. If we see repair times here in Houston drop to less than a week from the current 3+ weeks, I might have faith that Lucid is on its way to solvency. Yes, I know that Lucid needs to sell more cars, but word of mouth on poor service experience can drag down sales.
Click to expand...
Exactly. None of these hires have any evidence or history of prepping for bankruptcy
 
Last edited:
Bdr100 said:
For those doomsday predictors, these do not seem to be the type of hires prepping to part out the company and prepare for bankruptcy. To me, the earliest sign of things improving will be with service. If we see repair times here in Houston drop to less than a week from the current 3+ weeks, I might have faith that Lucid is on its way to solvency. Yes, I know that Lucid needs to sell more cars, but word of mouth on poor service experience can drag down sales.
Click to expand...
At this point, I'd settle for someone at Houston answering the phone or at least returning messages.
 
You must log in or register to reply here.
Back
Top