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Q2 Earnings Call

DeaneG said:
I think it would be very odd if Lucid spent some millions on the Gravity X prototype displayed at Pebble Beach last year, which was very well received, then forgot about it and decided to try to sell another $250K tri-motor.
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But also, wouldn't surprise me at all if this is exactly what they did. It is like an entire company with ADHD.
 
If you consider the fact that the Air Sapphire, like all Halo cars, was built in-part to develop new technologies, then I think it makes sense that this new Gravity model would be more off-road focused. They seem to already know what it takes to develop incredible driver's cars, but they still have a lot to learn on the off-road front.
 
Right there still isn't a 'trail' mode on the Gravity yet from a software tuning perspective....

Although I am still in disagreement with most of the crowd on here around this adventure thing.... Audi, BMW and Cadillac who they listed as Lucid competitors have no 6 figure 3 row off-road vehicles and doing just fine (well Audi isn't and this is despite them have some rally heritage). It is however a thing that EVs are clearly superior to ICE vehicles at which is car camping...Mercedes has a G-Wagen which sells less than Air sedans...
 
illopp00 said:
Right there still isn't a 'trail' mode on the Gravity yet from a software tuning perspective....

Although I am still in disagreement with most of the crowd on here around this adventure thing.... Audi, BMW and Cadillac who they listed as Lucid competitors have no 6 figure 3 row off-road vehicles and doing just fine (well Audi isn't and this is despite them have some rally heritage). It is however a thing that EVs are clearly superior to ICE vehicles at which is car camping...Mercedes has a G-Wagen which sells less than Air sedans...
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Personally I think if you’re aiming for the rugged outdoor market you have to embrace it from the ground up through your initial design. Otherwise you might end up with something akin to the Lincoln Blackwood.
 
fadooly said:
From the way I see it, the target is to have no less than 80% run by Saudis regardless of job position labor , technician or managerial levels with skilled experienced expats helping
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Fascinating, and thanks for sharing the link. This seems like a huge shift over the past decade.
 
Northpointe said:
Personally I think if you’re aiming for the rugged outdoor market you have to embrace it from the ground up through your initial design. Otherwise you might end up with something akin to the Lincoln Blackwood.
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Agree, and Lucid's DNA is very much real engineering, they aren't going to do a marketing based trim like 90% of all the SUVs out there that have no real capabilities....

Monterey is very much a luxury high-end performance and rich elitist car show, they may have some classic off-roaders but the reason Wrangler, 4Runner and Bronco are so popular is they are the ultimate expression of freedom to go anywhere and affordable. A software-defined, cloud connected iphone on wheels that can be bricked and is unrepairable is the opposite of that...
 
Silvio mentioned in a recent interview that “Lucids next capital raise will be very good news for investors and shareholders…” I’m guessing that means limiting dilution or perhaps a new large investor taking a share in the company?
 
DeaneG said:
I think it would be very odd if Lucid spent some millions on the Gravity X prototype displayed at Pebble Beach last year, which was very well received, then forgot about it and decided to try to sell another $250K tri-motor.
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there's also the downstream learnings of a Gravity X production run. The knowledge gain from balancing off-road capability with good on-road ride handling and comfort would have a lot of application in their third to-be-announced midsize model (which I'm assuming will be the most off-road focused variants).

Even if it won't be extreme enough to take on the craziest difficult off-roading like the Dakar Rally, having sufficient off-road capability to go up a trail and reach a camp ground or generally non-paved areas could be good enough for Lucid to capture that kind of customer
 
Need4Sleep said:
there's also the downstream learnings of a Gravity X production run. The knowledge gain from balancing off-road capability with good on-road ride handling and comfort would have a lot of application in their third to-be-announced midsize model (which I'm assuming will be the most off-road focused variants).

Even if it won't be extreme enough to take on the craziest difficult off-roading like the Dakar Rally, having sufficient off-road capability to go up a trail and reach a camp ground or generally non-paved areas could be good enough for Lucid to capture that kind of customer
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The Gravity on it's highest suspension and some all-terrains can already do that today.
 
illopp00 said:
The Gravity on it's highest suspension and some all-terrains can already do that today.
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That is true, yes, but the Gravity X concept has even better off-roading approach/departure angles, even higher lifted ride height, all-terrain tyres, and protective skid plates. Putting this in production would give the Lucid team that extra reason to learn and then apply lessons to the third midsize model. (Again, assuming the third midsize model is the most off-road focused variant)
 
illopp00 said:
Yes or they could just start developing that third model with that money...
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Agreed. Any short term experimentation has to be done on the cheap. Improving cash flow by $1.4B doesn’t leave a lot of money for playing in the sandbox. If they can stabilize current production and service, scale the robotaxi pilot and launch a problem free Cosmos those will be huge wins. What I’m looking for from this leadership team is discipline and execution. Get the blocking and tackling done and follow through on your commitments.
 
LucidfanAZ said:
Silvio mentioned in a recent interview that “Lucids next capital raise will be very good news for investors and shareholders…” I’m guessing that means limiting dilution or perhaps a new large investor taking a share in the company?
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Yep that is a big deal IMO, but seems to be getting largely overlooked.
 
I see a surprising number of Rivians around these parts, usually driven by well off younger dudes. I don't see the current Gravity appealing to that segment, but a Gravity X certainly could.
 
illopp00 said:
Yes or they could just start developing that third model with that money...
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what would stop them from doing both? By the time you'd have the third model midsize prototypes on the road you have the prior knowledge from Gravity X ready to be applied. And from there you've already got a set of benchmarks to use
 
Need4Sleep said:
what would stop them from doing both? By the time you'd have the third model midsize prototypes on the road you have the prior knowledge from Gravity X ready to be applied. And from there you've already got a set of benchmarks to use
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I wouldn't be surprised if Lucid is waiting for feedback on the new "sportier" Gravity to inform the introduction of the "sportier" midsized.
 
DeaneG said:
I wouldn't be surprised if Lucid is waiting for feedback on the new "sportier" Gravity to inform the introduction of the "sportier" midsized.
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I've been thinking that as well. My personal speculation was that even if Gravity X was only a design study to gauge public reception of sportier off-road styling, it gave the design teams the feedback they were looking for to feed into the third midsize.
 
Need4Sleep said:
what would stop them from doing both? By the time you'd have the third model midsize prototypes on the road you have the prior knowledge from Gravity X ready to be applied. And from there you've already got a set of benchmarks to use
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I’ll tell you what would stop them and it’s the cash that they don’t have.

The companies current priority is to stop hemorrhaging cash. They need to preserve every dollar they can to bring Cosmos to market and fund the robotaxi initiative.
 
Northpointe said:
I’ll tell you what would stop them and it’s the cash that they don’t have.

The companies current priority is to stop hemorrhaging cash. They need to preserve every dollar they can to bring Cosmos to market and fund the robotaxi initiative.
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and it's also very much possible that the cash runway they've projected and calculated would include the R&D expenses of putting the sportier Gravity into production and developing midsize. There doesn't have to be a black-or-white / all-or-nothing approach.

You'd be surprised how much flexibility R&D / engineering teams can still get even with a cost reduction mandate
 
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