"Announced CEO transition..." Rawlinson out as CEO

[Batteryman]

Lucid has strong leadership skills and can build and sell cars as Toyota and GM do. However, they have now lost their visionary genius engineer who will help them innovate and stay ahead of Toyota and GM in the EV technology industry. Who is going to take the future Lucid vehicles to the holy grail of over 5 miles/kWh without Peter? Who is going to take them beyond that?

Plenty of good talent at Lucid, what other vision do you want? Please explain? Peter’s philosophy will carry on. It’s not like they have a lot of sales to keep Peter. Saudi got fed up sales and Gravity ramp wasn’t faster

 

[borski]

Peter is the opposite of 'eccentric'

Met him once and he is extremely passionate about the products and a reason why passionate drivers love his cars.

I love Peter, but he is absolutely eccentric. He would agree.

Eccentric isn’t bad. I’m eccentric to some, I’ve been told.

 

[borski]

Yes, that is great. Thank you for pointing this out. I looked at his bio on the Lucid website. They promoted him to SVP of Powertrain on 2/13/25. Just a guess, but it probably coincides with when the Board was deciding about Peter's exit.

Emad is incredible.

 

[Batteryman]

Lucid without Peter is not Lucid. Lucid only has a chance by having superior technology with key man Peter driving that technology. I agree with BoA. Peter is a "key man" to Lucid. Just like Steve Jobs was a "key man" to Apple in the 1990's when the Board fired him. How did that work out for Apple? The subsequent CEO John Scully nearly drove Apple out of business after a 10 year term. Then Jobs returned and the rest is history. The EV business is different and my hope is that Peter will play a larger role in the near future or Lucid may not survive.

You cannot compare Jobbs to Peter. Sorry, Jobbs in on another level. Lucid needs another direction, problem is sales and marketing. Not EV tech. Time to change leadership and a good call.

 

[Batteryman]

Please note, stock did fine until that BofA analyst came out with an unproven theoretical narrative to justify his $1 price. That’s why it tanked. It did well yesterday despite Peter leaving CEO position. Pure manipulation, exactly what analysts do….guess why they are wrong more than half the time, they are clueless like anyone of us….Lucid will double sales in 2025, I’m expecting another double to 40k for 2026. The demand for the midsize will push them to 100k by 2028, coinciding with Trump finishing his term. These short term hiccups are a buying opportunity. I’m doubling my position with further drops.

 

[Batteryman]

What else do you expect PIF to do, chug along at this slow pace? It was the right call. Peter has served his purpose. Going forwards, we need sales/marketing CEO, not tech CEO

 

[Blue Lectroid]

Should be more than 50% returns on the lease. I intend to return my lease two months before its expiration in Mid October. Good riddance!

But you are so consistently and overtly negative (given your experience, which I understand) that perhaps the way you experience Lucid is not representative of most owners? I know 10 folks well now who have Airs. Nine feel it’s literally the best car they’ve ever driven, one cannot wait for their lease to end. Of course Forums like this tend to hear more from the one than the nine…

 

[Blue Lectroid]

I wonder how low it will have to go and how long until it is delisted… I hope it continues; and goes up. Also I hope the saudis don’t pull the plug;

View attachment 26863

I just happily bought more shares at $2.25. I still believe that Lucid will survive and thrive. I love Peter. He’s an incredible success story. As he himself said (even if he said it because he had to), it’s time to pass the baton to the very capable team he put in place.

 

[AZLucidGuy]

Please note, stock did fine until that BofA analyst came out with an unproven theoretical narrative to justify his $1 price. That’s why it tanked. It did well yesterday despite Peter leaving CEO position. Pure manipulation, exactly what analysts do….guess why they are wrong more than half the time, they are clueless like anyone of us….Lucid will double sales in 2025, I’m expecting another double to 40k for 2026. The demand for the midsize will push them to 100k by 2028, coinciding with Trump finishing his term. These short term hiccups are a buying opportunity. I’m doubling my position with further drops.

We could debate the Jobs and Peter comparison. But let us just agree to disagree. I think that Peter is a "key man" to Lucid. I am very bullish on Lucid, but why is the target for 2025 only 20,000 vehicles? Yes, that's double 2024. However, if Air sales are flat at 10K (not good...), that leaves only 10K for Gravity (also not so good). I would rather have seen guidance for 15K Air and 20K Gravity because of the much larger TAM that Lucid is always referencing.

 

[FA14]

But you are so consistently and overtly negative that perhaps the way you experience Lucid is not representative of most owners? I know 10 folks well now who have Airs. Nine feel it’s literally the best car they’ve ever driven, one cannot wait for their lease to end. Of course Forums like this tend to hear more from the one than the nine…

I’m not trying to be negative, but I’m being honest about my experience and the experiences of three other current lucid lease owners (two of them are friends) who are also planning to return the car once the lease ends later this year. I haven’t denied the fact that it’s one of the best cars to drive, but the cons definitely outweigh the pros of the driving experience. Honesty can be tough, and unfortunately, not everyone is open about it these days, especially on this forum. So good luck to you and others!

 

[msaunders9430]

I talk about this forum being therapy for some. Jokingly, but seriously.
Today I need it.

Moderator, this post is not getting off-topic even though I mention another ev model below.
It's about that freaking call yesterday!

That freaking earnings call is still trying to drive me nuts with the lack of details.
After hearing about the production capacity constraints during the earnings call, my impatience has me considering a backup purchase in case, come end of this year and for whatever reason Tourings are not open for ordering. If I was a drinking man, I'd be in bad shape.

I think I just need to finalize what a backup model might be, reluctantly.
R1S (those freaking headlights), Polestar 3 (closest service center is 125 miles away in DC and I hate driving up there), EX90 (Volvo just isn't me, stupid stationwagons growing up live in my head forever).

After much consternation, it's a Macan 4 EV as the backup purchase.
The build configuration comes out to $2k less than a Gravity Touring.
I would be nuts to buy that much less car in terms of interior space, small frunk, etc. for $2k less.
I hate impatience and my heart say "be patient".

I showed pics below to wife, she still likes the Lucid.
Maybe what's getting to me is I drive by a Porsche dealer every other day. It's less than 5 miles from my house, on the way to the gym! Arrrgggh!
And they're working on a new building. The pics of the showroom look great!

Just saying ... come November/December, I'm gonna need help here.

 

[Adnillien]

We could debate the Jobs and Peter comparison. But let us just agree to disagree. I think that Peter is a "key man" to Lucid. I am very bullish on Lucid, but why is the target for 2025 only 20,000 vehicles? Yes, that's double 2024. However, if Air sales are flat at 10K (not good...), that leaves only 10K for Gravity (also not so good). I would rather have seen guidance for 15K Air and 20K Gravity because of the much larger TAM that Lucid is always referencing.

In Q4, Lucid delivered 3099 Airs, that is already a run rate over 12k Airs per year. It seems that the ability to ramp Gravity is limiting 2025 production to 20k

 

[segbrk]

I am very bullish on Lucid, but why is the target for 2025 only 20,000 vehicles? Yes, that's double 2024. However, if Air sales are flat at 10K (not good...), that leaves only 10K for Gravity (also not so good). I would rather have seen guidance for 15K Air and 20K Gravity because of the much larger TAM that Lucid is always referencing.

That TAM won't be anywhere near saturated this year because only the GT will be available for most of the year. Part of why trims are released high to low is because the demand for each lower trim is higher, which gives time to figure out production and quality problems while demand is lower. Not saying there are production or quality problems, but Lucid is rightly factoring this into their plan. That could be an under-promise/over-deliver situation for all we know.

 

[msaunders9430]

I talk about this forum being therapy for some. Jokingly, but seriously.
Today I need it.

Moderator, this post is not getting off-topic even though I mention another ev model below.
It's about that freaking call yesterday!

That freaking earnings call is still trying to drive me nuts with the lack of details.
After hearing about the production capacity constraints during the earnings call, my impatience has me considering a backup purchase in case, come end of this year and for whatever reason Tourings are not open for ordering. If I was a drinking man, I'd be in bad shape.

I think I just need to finalize what a backup model might be, reluctantly.
R1S (those freaking headlights), Polestar 3 (closest service center is 125 miles away in DC and I hate driving up there), EX90 (Volvo just isn't me, stupid stationwagons growing up live in my head forever).

After much consternation, it's a Macan 4 EV as the backup purchase.
The build configuration comes out to $2k less than a Gravity Touring.
I would be nuts to buy that much less car in terms of interior space, small frunk, etc. for $2k less.
I hate impatience and my heart say "be patient".

I showed pics below to wife, she still likes the Lucid.
Maybe what's getting to me is I drive by a Porsche dealer every other day. It's less than 5 miles from my house, on the way to the gym! Arrrgggh!
And they're working on a new building. The pics of the showroom look great!

Just saying ... come November/December, I'm gonna need help here.


View attachment 26875

I can't delete my post, but I can't take it.
If I can't order a Touring by year end, I'll just pay the extra $15k and order a GT.
Better than settling.

 

[Batteryman]

But you are so consistently and overtly negative (given your experience, which I understand) that perhaps the way you experience Lucid is not representative of most owners? I know 10 folks well now who have Airs. Nine feel it’s literally the best car they’ve ever driven, one cannot wait for their lease to end. Of course Forums like this tend to hear more from the one than the nine…

Every manufacturer, including Mercedes, Porsche, BMW has one of these who absolutely hate their vehicle. I’m not surprised Lucid has one.

 

[tuffode]

Please note, stock did fine until that BofA analyst came out with an unproven theoretical narrative to justify his $1 price. That’s why it tanked. It did well yesterday despite Peter leaving CEO position. Pure manipulation, exactly what analysts do….guess why they are wrong more than half the time, they are clueless like anyone of us….Lucid will double sales in 2025, I’m expecting another double to 40k for 2026. The demand for the midsize will push them to 100k by 2028, coinciding with Trump finishing his term. These short term hiccups are a buying opportunity. I’m doubling my position with further drops.

Yeah the stock did fine because most people are clueless. They just saw the headlines where Peter got over 300 million in compensation and think he's just sucking money out of the company (that was when the company was valued over 50 billion, and it's not like he's sold his stock). Not knowing, or realizing he is an engineer and is the sole reason their cars have been so technically advanced. You can have immensely talented engineering staff, but if the lead of the company isn't into the engineering and just cares about the car coming out and this quarters profits, you will have generic EVs like every other car company. All car companies have super talented engineers, but you need people higher up to listen to them.

So yeah I guess all these clueless people realized that Peter was actually important, cause a company like BofA won't have an analyst who doesn't know what he is talking about come out and say such a statement.

 

[Blue Lectroid]

I just hope that as the dust settles around Peter Rawlinson's departure what will most be remembered is that he's the only person in the EV universe who oversaw the engineering and production of two ground-breaking cars that won "Car of the Year" immediately upon their launch (and with a third award quite possibly in the works for the Gravity).

I hope his mania for innovative engineering and design and his love of driving will not get lost at Lucid the way the Big Three lost their way when engineers vacated their C-suites and bean counters moved in behind them.

Mr. Rawlinson, I salute you, sir, and hope your vision remains a permanent fixture at Lucid. The world needs this kind of car company more, perhaps, than it realizes.

LOVE THIS^

 

[Adnillien]

I have been digging into the Q4 financials and they look very good. It really makes me question if Peter was pushed out as it appears on the surface or if there are other reasons that Peter decided to step aside. Deliveries continue to ramp nicely:

The best estimate for contribution margin is gross profit less depreciation and inventory write downs which become positive this quarter.

 

[Blue Lectroid]

I’m not trying to be negative, but I’m being honest about my experience and the experiences of three other current lucid lease owners (two of them are friends) who are also planning to return the car once the lease ends later this year. I haven’t denied the fact that it’s one of the best cars to drive, but the cons definitely outweigh the pros of the driving experience. Honesty can be tough, and unfortunately, not everyone is open about it these days, especially on this forum. So good luck to you and others!

LOL, I guess we should all be grateful that you are willing to be honest and I should let my nine Air loving friends that I don’t appreciate them lying to me. Uh-oh, perhaps I’ve been lying to myself too!! I better seriously reevaluate the joy I get driving my ‘25 AGT. After all, I must be lying to myself given that I prefer my Lucid to Ferrari’s BMW’s, Audi’s, a Porsche, a Tesla…

OK, seriously, it’s clear your car has issues, and that sucks. Mine also does some silly software stuff from time to time, but I simply don’t care because everything else about the car is simply magnificent. Who knows whether your car would drive me nuts or if my car might drive you nuts? I simply think these forums grossly overestimate the issues and negative side of things. If you were on the Tesla boards back in the mid to late teens, you’d make the assumption that Elon would be pan handling by now and Tesla would have bit the dust long ago…

 

[borski]

We could debate the Jobs and Peter comparison. But let us just agree to disagree. I think that Peter is a "key man" to Lucid. I am very bullish on Lucid, but why is the target for 2025 only 20,000 vehicles? Yes, that's double 2024. However, if Air sales are flat at 10K (not good...), that leaves only 10K for Gravity (also not so good).

We know that the full-size sedan market is fairly saturated. It wouldn’t surprise me if full-size sedans are simply market-capped at the moment. Despite that, Lucid is selling out their category, as #1 in EVs in the segment and #3 of all vehicles in the segment, including ICE vehicles - if I heard correctly on the earnings call.

The Gravity ramp is slower, but they’ve been quite upfront about that the whole time. I’d rather they get it right than ramp before they can.

I would rather have seen guidance for 15K Air and 20K Gravity because of the much larger TAM that Lucid is always referencing.

All in time. That TAM isn’t going away.