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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...

It’s not exactly a bold or courageous statement. They’ll run out of money long before they’re profitable. Not acknowledging this would destroy Napoli’s credibility.

What’s in the best interest of the company may not be in the best interest of the KSA. Every decision needs to be evaluated through that lens.

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.

Agreed. Particularly since the current strategy is not to increase production on the Air and Gravity, but minimize the cash burn on each one sold. It's important to recognize that Lucid believes that it has enough cash to get it into 2027. But that plan is predicated on generating $1.4B in...

I was a bit shocked that other than a passing reference there was no discussion of marketing on the investor call particularly given how much unsold inventory the company is sitting on. But having reflected on it a bit I get it. The last thing that the leadership wants to do right now is...

I think either option could be in the cards and Napoli’s choice of words was a bit nebulous. And that was likely by design to keep us guessing. But they need to be careful in not contradicting their messaging around production goals and reducing manufacturing complexity. The biggest short term...

I agree with every point you've made. A Gravity Sapphire, if that's what's in the works, doesn't really move the needle. It does however bring some needed attention to the brand so it might be viewed as more of a marketing expense. And the R&D that went into it would largely be a sunk cost...

it’s possible that the Air may be approaching the end of its lifecycle. It remains to be seen if either the Gravity or Air can be produced profitably at scale. The Gravity may benefit from robotaxi possibilities but it’s hard to see a path to profitability for the Air even with parts sharing...

Success is defined by the owner's Vision 2030 plan. There doesn't seem to be a significant investment occurring in European countries at the moment. Any sales that are happening are likely incremental and not a significant source of capital or operating cost.

Maybe. But the Sapphire is built to order and doesn't exacerbate the company's cash burn problems. They've got a lot of current inventory that they aren't moving. I suspect the Sapphire is also a lot closer to a profitable sale given it's price point. Part of the problem facing the company...

Infuriating? The KSA owns over 50% of the company's shares and it's representative has been the Board Chairman since 2023. The company is looking to position itself as a major automaker abroad because that's what it's owners and leaders require. Perhaps it's not the company you thought it was?

The path to profitability is murky at best. It will take years of continued funding to launch and scale Cosmos and there's no guarantee that it will be successful. The short term objective of reducing the cash burn might extend the runway a bit but there are significant headwinds. Investors...

You could very well be right. But it’s also possible that these decisions were undertaken at the behest of the board and/or major shareholder. It would not be the first time that a board established management targets that were unrealistic and unattainable. And when a single investor holds...

I'm guessing not many. But that's not always the objective with a "halo" car. While the Sapphire Air doesn't sell in large numbers it's far easier to align production with demand as each one is built to order. I suspect that this would be the same approach taken with Gravity. But an...

Lucid doesn't have a production problem per se, they have a demand problem. That's the sobering reality confronting the new leadership team. It's good to see the exercise of discipline around production commitments. The prior leadership team was seemingly more focused on how many Gravity's...

Agreed. The engineering advantage that Lucid had over legacy automakers when they launched the Air is shrinking. Couple that with the service center issues and uncertain financial outlook and you have some significant headwinds. As a new car maker one of the first questions prospective buyers...

Jeep buyers come to mind. And Rivian seems to be leaning heavily into being a lifestyle brand like Jeep. And similar to Jeep buyers quite a few will never take the vehicle off road. But they like the vibe.

That’s a bit of a double edge sword. Because right now perspective buyers that might consider future vehicles, and are familiarizing themselves with the company, would see press releases like “we have enough cash to last us into next year.” They would also discover software and service issues...

The exciting colors you see Teslas’ in are likely wraps. The complexity in painting cars in multiple colors shouldn’t be underestimated. Heck just painting a car in a factory can be challenging. It’s the reason the Cybertruck is stainless steel. And while you’re marveling at what Porsche...