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The car is still under warranty and presumably has a clear title. So whether you bought it new or used is irrelevant. Lucid is obligated to cover the warranty issues you’ve experienced and the service you’ve received is abysmal. Dismissing this fact or shifting the blame to you because you...

Didn’t you go through arbitration? What was the outcome of that? Something doesn’t quite add up.

Proving damages may not be cut and dry. Yes there was a precipitous drop in the stock price following the claims and trading was halted as result. But the recovery was swift following the 8-K filing and press release from the company. Lucid will likely need to establish clear financial harm...

Well I would hope so. Toyota has an 85 year head start and sells over 60 models globally. Not exactly apples and oranges.

Good to know. My teen currently has his learner's permit in AZ. He's on track to have his license next month. Given Progressive's stance I'm going to be looking at other insurers. Of course I'll have to look at my homeowners and umbrella as well as it's all bundled.

I suspect it's going to depend largely on the insurer. I have a teen driver and I'm currently insured with Progressive. They have an "excluded operator" provision that can be used but it excludes the teen on ALL vehicles. That's likely not going to be an option for you and it wasn't for me...

For this to make sense you would have to believe that there's a path to profitability for the Air after sinking all of these development and engineering costs into it. Given the current economics I don't see it. The best the company can do is minimize losses on a per unit basis until they can...

A lot of people conflate the EPA rating with how far they can travel on a road trip. They are obviously not the same. The EPA rating uses a mix of city and highway driving and doesn’t necessarily have to account for things like altitude, temperature, cabin climate, etc. It also benefits from...

This all tracks with what was said on the investor call. Less complexity, focus on cost and cash. The days of ordering a Lucid in any available color with an endless array of option choices are over. It also makes it much easier to manage inventory when there's little distinction between an...

There’s little if any upside in drawing attention to the company by showcasing a product that won’t be available for another year. Anyone looking at Lucid at the moment is going to read stories around bankruptcy, software, and service problems. It’s far more advantageous to focus in the short...

I'll be interested to see who the buyer is for this. It seems to target a very specific and quite limited market. Reminds me a bit of the Volkswagen Phaeton back in the day. It could however be a very intriguing buy on the used market in a few years when depreciation has knocked it down to $50K.

The Saudis own nearly 60% of the outstanding shares and are building the Cosmos factory in their country. If anything they would be bailing themselves out. That's not to say that they won't be putting more capital in, but to clarify their motivation.

It’s not a flex. It’s merely a required disclosure around liquidity. It’s intended to alert current and potential investors of their precarious financial picture absent a capital infusion.

The company has gross margins of -105. They lose money on every car they sell and are prioritizing cash and cost. The current path was not sustainable. As a result there are going to be some tough decisions that won’t be popular.

It’s not going to happen overnight and will require more service centers and more trained technicians. Short term the best thing the company can do is not add production problems to the ecosystem.

I wouldn’t read too much into Tesla’s decision to drop the S and X. These are two different companies with different goals and objectives. And even if Lucid were to drop the Air and/or Gravity, those decisions will likely happen several years after the launch of Cosmos and Earth while...

I would not leave this until you turn the car in. By doing so you’ll have no control over the cost assigned to the damage. It could very well be considerably more than the cost to repair it now as Open Lane would have no reason to be conservative in their estimate. You might also forgo the...

The marketing materials being circulated by Lucid refer to these as "limited-edition finishes" which suggests that they will be available at some point in the future. Although if they are 1 of 1 that would be very limited.

I think they are. They can add the GT-S with little disruption to production while continuing to address the company’s short term priorities. The GT-S will likely get some media attention which is helpful provided that the company can produce problem free examples. Anything beyond this launch...

The delayed launch of the Cosmos suggests that’s probably unlikely. While Napoli teased a “sportier” Gravity being unveiled this week, he was more measured in discussing the Cosmos while specifically saying prior vehicles were rolled out before they were ready. An unveil at this time would...