Target $0

And as far as the decision to build the midsize at AMP-2, when that's the preference of your largest investor you have no choice. Because if it wasn't for the PIF there would be no midsize vehicle to talk about.
I did not say that Lucid should not build midsize in AMP-2, I only said the Lucid should not do the initial production ramp in AMP-2. Lucid's current plan is to build midsize in both AMP-1 and AMP-2 anyway.
 
Semi-kockdowns are not anything like general assembly. I see no problem in building Cosmos in AMP-2, I only see a problem with doing the initial production ramp in AMP-2. It is not a good idea to do the initial ramp of a new platform in a new factory that has almost zero experience. One or the other is OK but not both together.
I think the Cosmos is AMP-1 right? There were spy shots of it last month in Arizona with a model Y
 
Hopefully, but it's still a big leap to go from knock-downs to full production from scratch. So many more things can go wrong. Like securing far bigger parts supply lines in a location that doesn't have a lot of established auto industry.
They will probably sell the initial builds to the Saudi Gov, and to the public once quality is assured.
 
Semi-kockdowns are not anything like general assembly. I see no problem in building Cosmos in AMP-2, I only see a problem with doing the initial production ramp in AMP-2. It is not a good idea to do the initial ramp of a new platform in a new factory that has almost zero experience. One or the other is OK but not both together.
The only saving grace is they hired a guy from Ford with decades of manufacturing experience to head up AMP-2 operations. But still, it's an extremely risky move for the reasons you point out. Lucid can't afford to mess this one up, three strikes and you're out.
 
I think the Cosmos is AMP-1 right? There were spy shots of it last month in Arizona with a model Y
Lucid is planning to do initial Cosmos production in AMP-2 followed by production in AMP-1. Supposedly there are Cosmos prototypes in Lucid's Coolidge site but I have not seen anything except the photo of the model Y and Cosmos near the Coolidge site.
 
I did not say that Lucid should not build midsize in AMP-2, I only said the Lucid should not do the initial production ramp in AMP-2. Lucid's current plan is to build midsize in both AMP-1 and AMP-2 anyway.
I read it as adding Cosmos production to AMP-1 "six-to-twelve months" after AMP-2. But I immediately took that timeline with a grain of salt. In fact I wouldn't be surprised if that becomes "start with AMP-2 production and see how it goes" before fully committing anything to AMP-1.
 
They were never gonna generate truly sizable demand for a $100k vehicle. That's what $50k Cosmos & Earth are for (if they make it that far and if they get the costs low enough to sell them for that and make a profit... all big IFs).
Gravity is the second-best-selling three-row EV in America. It beats the Cadillac Escalade IQ and Cadillac Vistiq, and loses only to the Rivian R1S. For a nameplate in its first real year, in a segment where Cadillac has spent a century building the default, that is not a failure.
 
The only saving grace is they hired a guy from Ford with decades of manufacturing experience to head up AMP-2 operations. But still, it's an extremely risky move for the reasons you point out. Lucid can't afford to mess this one up, three strikes and you're out.
I'd also like to add Cory Steuben, Director of Cost Engineering, to that as well, since his work back in his Munro & Associates days was focused on cost and manufacturing improvement. I recall during an interview where he mentioned that he challenged the team to shave a few cents (I think?) worth of material cost off a part, and the resulting end lead them to removing some joining guns from the line altogether.

If my memory is correct, I think it's been mentioned that the software backbone of midsize is built off of Gravity. Judging by the general rollout of the newest version of Gravity's software (barring a few issues here and there), I'm cautiously optimistic midsize's manufacturing and software rollout will be smoother
 
I read it as adding Cosmos production to AMP-1 "six-to-twelve months" after AMP-2. But I immediately took that timeline with a grain of salt. In fact I wouldn't be surprised if that becomes "start with AMP-2 production and see how it goes" before fully committing anything to AMP-1.
I recall Witnerhoff mentioned somewhere the same team setting up AMP-2's midsize line is also working on AMP-1's midsize line, so I'm hopeful the lessons learned in Saudi Arabia translate to faster rollout once US manufacturing gets the ball rolling
 
Gravity is the second-best-selling three-row EV in America. It beats the Cadillac Escalade IQ and Cadillac Vistiq, and loses only to the Rivian R1S. For a nameplate in its first real year, in a segment where Cadillac has spent a century building the default, that is not a failure.
Didn't say it was a failure, just that it was never gonna be a big volume seller. It's a small segment. EVs are like 7% market share in the US, and $100k vehicles are similar. The combo is a tiny share of the US auto market (although might do better in Saudi Arabia).

The $50k Cosmos is targeting the big volume segment. Although probably still the upper end of it for a while, as I suspect most will be spec'd $60k+ (as is usually the case for new models).
 
I was only able to buy 1,160 shares at $4.30.
Today was a great opportunity to DCA down.
It's likely that my other order at $3.21 cannot be fulfilled.
Famous last words until the next drop. I think I averaged down on every major drop, and this strategy hasn’t worked very well. Good luck 🤞
 
One thing is for sure, Ntwork should have put that rumor to rest BEFORE the stock tanked……..

Now it’s all over the internet Wonder how many sales they lost today……

Lucid executives own goals

1. UX 1.0 sucked
2. UX 2.0- KEYS
3. Lease return debacle
4. Sales being unresponsive
5. Service delays
6. Poor communication
8. Gravity delay- nice token delivery in Dec 2024….probably got Rawlinson fired
7. UX 3.0 in Gravity sucked
8. YouTubers given defective cars
9. Gravity production halt - lack of quality control
10. Bankruptcy rumor quashed after the fact……

There were many external factors, but you shouldn’t be scoring own goals when the going gets tougher…..sigh…..
 
One thing is for sure, Ntwork should have put that rumor to rest BEFORE the stock tanked…
He had to wait for vetted language from legal. This isn't something you just wing.
 
One thing is for sure, Ntwork should have put that rumor to rest BEFORE the stock tanked……..

Now it’s all over the internet Wonder how many sales they lost today……

Lucid executives own goals

1. UX 1.0 sucked
2. UX 2.0- KEYS
3. Lease return debacle
4. Sales being unresponsive
5. Service delays
6. Poor communication
8. Gravity delay- nice token delivery in Dec 2024….probably got Rawlinson fired
7. UX 3.0 in Gravity sucked
8. YouTubers given defective cars
9. Gravity production halt - lack of quality control
10. Bankruptcy rumor quashed after the fact……

There were many external factors, but you shouldn’t be scoring own goals when the going gets tougher…..sigh…..
I still can't figure out if you love or hate Lucid.
 
One thing is for sure, Ntwork should have put that rumor to rest BEFORE the stock tanked……..
Please don’t post things “for sure” that are not for sure.

Sometimes, it’s better to let a story die than to respond to it. This one didn’t die. Most do.

And especially in order to respond in a blackout period (which is what they’re in right now as I understand it) it must be vetted by Legal so as not to run afoul of the SEC. Lucid is very careful about their corporate communications, and unsubstantiated rumors usually die.

So one thing is for sure - you have not been in a position to know whether this should have (or even could have) been done earlier or not. :)
 
He had to wait for vetted language from legal. This isn't something you just wing.
Such vetting shouldn’t take 7 hours….chop chop….

Once it got out that they hired Alix partners, they should have announced why they were hired. That came out a week ago in CarBuzz
 
Such vetting shouldn’t take 7 hours….chop chop….

Once it got out that they hired Alix partners, they should have announced why they were hired. That came out a week ago in CarBuzz
You'd be surprised how long processes can take. Even with the best teams in the world.
 
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