Imo, I think Lucid as first year production EV, they exceeded Tesla’s first year 2009 at approximately 6000 units. But Lucid is now having building order reservation issue facing recession.
By the end of 2009, Tesla had sold 937 Roadsters and they didn’t really make it that great. It was mostly done by Lotus Motors. Elon is good business man leveraging others’ resources instead of building using own $. Unlike Tesla’s execution at beginning, Lucid started off burning huge of their own $$ making factory and R&D.
2012, Model S was delivered 3100 production leveraging from GM bankrupted asset Freemont Factory. Tesla was hoping GM will just roll over and play dead to close more factories and let Tesla buy them out to save more cost. Not so fast! Tesla has already best profit margin out of all car makers. But that will be eroded hard with so many EVs coming into market. Market is going to be very competitive 2023 and forward, Tesla cannot keep raising price anymore with lesser materials but piggybacking on driver-assist techs and supercharging network to demand that kind of margin forever.
When Lucid Air Pure comes to production, people will realize $87,400 of most basic Air Pure is more attractive than the most basic Model-S at $104,990 not even come with basic charging cable. Even the most basic $69,900 Model-Y Performance doesn’t look attractive price next to Air Pure. Elon has leveraged Tesla forward earning valuation stock price to start his personal Twitter endeavor. Maybe he hopes to sell Twitter to back to Tesla one day when Twitter is reorganized to have more attractive valuation. But meanwhile, Elon will be facing multiple margin calls very soon and more liquidation to keep afloat.
I personally think Tesla make good cars, but it is a bit on overpriced side compare to all the new products out there. Elon has to lower his ego to adjust Tesla products to new market condition. Personally, I like to see both Lucid and Tesla succeed long term.