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The Cosmos is the car size I really prefer. If production is expected to begin 2H-2027, then it looks like late next year or early 2028 is my likely timeline for that car. That aligns with a short-term holdover...

Want a fun and educational way to loop this back to a financials discussion in another thread... In Lucid's recent quarterly earnings, they report $1.379B in inventory. If an average car is around $100,000, then that could equate to around 13,790 cars in inventory. If Lucid has 64 showrooms...

Correct. GAAP seeks to align revenue and cost and transactions. For example, if they produce 2,000 cars, but sell 1,500 this quarter and then the remaining 500 the next quarter, the first quarter will have Cost of Revenue of the 1,500 cars. Then, the next quarter will have the remaining Cost of...

Delivered is the correct number, because it aligns in the costs in Cost of Revenue. Produced is a different number and accounted for separately until the produced units are either sold or disposed. (I think a built vehicle that is disposed would hit impairment, but not sure there.) Read the...

Agree, and thanks for the link. Reading it now. I like their three-pronged reset: Cash and Cost; Customer and Quality; and Culture and Team. Not to drive it further, but I was surprised to see their Cost of Revenue to increase relative to deliveries in Q2 to $210,498. I figured it would have...

Generally yes to all the above. But it does not materially move the needle. Their cost per vehicle is somewhere close to $192,111, but not precisely $192,111. Lucid is a lot different from Rivian, which has material revenue and costs separate from vehicle sales, so they break those out with more...

Not even remotely. I'm not sure how you could possibly have read that. I have loved the Air since I first saw it, and the Gravity has been high on my list since I learned my current car is discontinued and I will need to buy something else this year. However, I will not make a transaction...

I will start by saying that I am not finance or accounting guy. But I have spent a lot of time consulting in that space and I have led a few P&Ls. So I will do my best to answer, but I may mess things up because it has been a minute. Cost of Revenue is the total of all direct costs involved in...

The relevancy for me is it informs whether I would consider buying one... I had the Fisker Ocean high on my list a few years ago and happily dodged that bullet altogether. Now I am a bit more interested in a company's long-term prospects before I would consider a straight purchase. I would buy a...

It is from their 1st quarter earnings release. It is simple, standard math, illustrated a couple posts above. They reported 3,093 vehicles delivered in the Financial Highlights on page 3. They reported $285.5M revenue and $594.2M Cost of Revenue in their statement of operations on page 15. Cost...

Yep, but so does everybody else's COGS. Maybe Lucid made some horrible decisions and it is costing them $100,000 more, per car, than their competitors in depreciation and service. But probably not. Rivian is in a similar stage of life as Lucid, yet their COGS per vehicle produced is only $97K.

No, Lucid is nowhere close to making any money per vehicle sold. Gross loss is very different from net loss. You are probably thinking about net loss, which is much more negative because they are building out infrastructure. Gross loss is in a different place in the financial statement and...

These two posts kind of sum up what I think is the state of things... Expensive cars do have trouble finding buyers when they do not deliver the essentials in their category or primary purpose. That is what I am personally feeling, and I wonder if more buyers are like that. When the Gravity...

Not necessarily as much in gross costs. Volume definitely smooths out net costs. In Lucid's case it is too much labor per unit and too much materials per unit. Volume will help some, but they are just spending too much to build a single car. They recently shut down a third shift to reduce labor...

Fun with math... Lucid is currently losing about $100K per car gross. That is not SG&A, just materials, labor, and the costs to just build a car. So, if they sold 50,000 cars, that would be a $5B loss for Lucid. On the serious side, a 50K car order would be twice the number of cars Lucid has...

I never said that. Like I never said Gravity tech was outdated. But to the point of that post… why do you think is holding Gravity sales back? You overlooked the point about the Vistiq at the end of the post. Those two are selling at volume without discounts off MSRP. Gravity could be...

The forum won't let me edit the above post... It looks like Good Car Bad Car may have missing or erroneous data in Lucid's monthly sales numbers. So, here is a quarterly view based on Cox Automotive's Electric Vehicle Sales Report data. More fun with tables and charts... This is a...

It is not double-standard or bias. It is just simple data and observation. @zoomzoom's post above and its observation are spot on. We all wholly agree on this. "The Vistiq loses HANDILY in every single category other than price. Driving, comfort, luxury, passenger space, and OMG storage. They...

There are several external sites that gather and report sales by model. According to Electric Vehicles, Lucid sold about 3,400 Gravitys in 1H 2026. This reconciles with other sites, like Good Car Bad Car and Cox Automotive. Point being, Gravity sales fall in between Cadillac's two 3-row...

Ditto, and this totally surprised me. The Lyriq V is another car I am following as a possible next car. I was recently surprised to learn that Cadillac is selling the Lyriq V and Vistiq at volume with little to no discount off MSRP. That is a major home run. This is another massive home run...