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Its definitely an AND. IRS is using prior definitions of "written binding contract" which requires 5% non-refundable to be seen as not limiting damages. This was for construction though, and doesn't make sense in the context of buying a car. IRS will need to either redefine "written binding...

I noticed this. Looks like on 20 inch wheels, the Pure andTouring have the same range. https://www.fueleconomy.gov/feg/Find.do?action=sbs&id=46307&id=46308&id=46309&id=46310

No

Lucid doesn't have an opinion on the binding contract. They don't know, just like Fisker and Rivian don't know. Nobody knows. I believe the intent of the law was to grandfather people in who made deposits on cars, so hopefully the IRS will be lenient. Almost no one puts down 5%+ non-refundable...

I'm in the 30 day window to confirm, just talked to DA. Since I'm unsure of whether I'll actually get the tax credit, they pushed me to the end of the line, to provide more time for IRS clarification. This could be an option for others, who want more details and confirmation that the tax credit...

Have Pure reservation at old price. I did the written binding order in August, and have 3 weeks to confirm my order. I have decided I don't want the car if the tax credit won't work. I've done lots of research, and believe its 50:50. Options: 1. Ask for refund of $300- don't get car. 2. Order...

Here are my questions on the Pure. Do I spin the wheel and hope for the best? Are the headlights the same as other trims? Is there a heat pump? Are the wipers rain sensing? Is the steering wheel power tilt and telescope? Will 360 camera be available OTA later? Will other dreamdrive features...

Here's the thing, I have 29 days to confirm by already binding order. Now that I know that Lucid is willing to take features away after the written binding order is complete, how can I expect them not to take other features away? Features not related to dreamdrive for instance. I don't have a...

I get it. I want Lucid to succeed. But, In your scenario, it was not the developers going to management that said, "We can't deliver Highway Assist without LiDAR" . It was finance.

What makes me angry is that I believe they're weaseling out of what was previously stated because they needed to show a greater delineation between DreamDrive and DreamDrivePro to support the incremental $10,000 price. You don't need Lidar for lane centering. Literally no one uses lidar for...

Very interesting. I was unaware that the non-refundable deposit could actually be refundable. That does change things. Regarding the press release, I've bought lots of cars and never had an issue like this. If you cannot trust information in the press releases (and henceforth information...

Understand. For people buying today, Lucid can change what they're offering. However, Lucid changed this policy about a week ago. Anyone with written binding contracts done in August 2022 should reasonably expect the car they ordered to include the features promised at the time of the order...

Glad you brought that up. Not vague here.

Lucid cannot expect me as a customer to dive into heaps of information to verify that features they said were included when I locked my order (during IRA) are still included. That's ridiculous. I locked my order with a written binding agreement prior to updates mentioned earlier in this thread...

If you look at the press release currently on the Lucid website, Dreamdrive (non-pro) clearly includes highway assist. See first bullet and 3rd bullet. I placed my order for my Pure without Dreamdrive PRO. Since any potential removal of highway assist was not made clear, I will expect Highway...

"a written contract is binding if it is a) enforceable under State law and b) does not limit damages to a specified amount (for example, by use of a liquidated damages provision or the forfeiture of a deposit)" -IRS Also - its important to note that the second provision here makes no sense for...

If the IRS tries to argue that all the binding orders that Lucid, Rivian, Fisker, etc. did are not binding orders, there will be an uproar. This obviously is not what was intended by congress when passing the IRA. Warnock already has a bill that might address this, but I bet it would be fixed...

Pure is "up to 480 HP" The RWD motor may be power restricted. right?

The Pure comes standard with the 19 inch wheels, and Touring and Grand Touring have the option for 19 inch, but come standard with either 20 or 21 inch wheels. Wouldn't it make sense for anyone getting a Touring or Grand Touring who actually wants the 19 inch wheels to get the best standard...

This is a pretty funny video. They used to lose $4 for each dollar in revenue, now they only lose $2 for each dollar of revenue, which is fantastic!!!!