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

[Gravitas]

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.

It's still possible that even if you order your Gravity-Touring by end of 2025, it won't be fulfilled for another year.
If timing is more important, then order Gravity-Grand-Touring now, and if it's fulfilled sooner than you expected, cancel it and apply the $1,000 reservation credit to new Gravity-Touring.

 

[RM-S8]

Please please please - have him put Elon on the next rocket ship to Mars forever and take over as CEO of Tesla. TSLA needs a grown up who is focused on the company - wouldn’t that be quite a turn of events? I know - not gonna happen and the board at Tesla is derelict in their duty to shareholders anyway, but a man can dream.

Don't you like Musk?
I love him.

 

[FA14]

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…

That’s a fair statement on your part. I’m delighted to hear that your experience with Lucid is vastly superior to mine. I’ve mentioned in previous posts that I enjoy the driving experience, but with five service shop visits and three mobile appointments in just ten months of my 18-month lease, the ownership experience and my desire to maintain brand loyalty have been severely compromised. I still encounter recurring rear door handle opening and stuck issues, and I’ve given up after two appointments solely for these problems.

We all have varying levels of patience and commitment when it comes to anything and everything we rely on for basic and crucial tasks, especially when it comes to a car that’s supposed to be reliable and perform fundamental functions like the 1.5 billion other cars on the planet. I can’t tolerate something that bothers me every other week for minor issues or major problems.

I understand that technology is intricate, and all companies are adapting. However, in my opinion, Lucid is significantly lagging behind the competition in terms of scalability, software, technology, business management, marketing, and leadership. While it’s important to be honest and transparent, this platform primarily serves as a platform to share individual experiences or those shared by others.

Regardless, let’s hope that Lucid improves its business practices, scaling strategies, and introduces more innovative products in the coming year.

 

[msaunders9430]

It's still possible that even if you order your Gravity-Touring by end of 2025, it won't be fulfilled for another year.
If timing is more important, then order Gravity-Grand-Touring now, and if it's fulfilled sooner than you expected, cancel it and apply the $1,000 reservation credit to new Gravity-Touring.

Hmmm.
Doing it!
Thanks.

 

[BS8899]

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:

View attachment 26876
The best estimate for contribution margin is gross profit less depreciation and inventory write downs which become positive this quarter.
View attachment 26877

These graphs show a rather rosy picture of the financials. I have no reason to doubt you.

If so,
[1] Lucid Corp should be net cash positive by 2026?
[2] Since most of the cars (75%+) shipped in 2025 will be Airs, the sedan market is not saturated in the US and rest of the world?
[3] There are no financial impact to Lucid P&L and (sedan) market cannibalization (by the used Airs coming off leases) in 2025?

 

[Adnillien]

[1] Lucid Corp should be net cash positive by 2026?

I doubt it because we cannot predict the R&D costs associated with midsize. With three versions, it will exceed R&D cost for Air and Gravity. The cash flow from operations is looking pretty flat.

[2] Since most of the cars (75%+) shipped in 2025 will be Airs, the sedan market is not saturated in the US and rest of the world?

Very unlikely to be saturated outside of the US. The studio managers are telling me that Gravity is actually increasing interest in Air. Your guess is as good as mine for growth next year but I do expect growth in Air sales.

[3] There are no financial impact to Lucid P&L and (sedan) market cannibalization (by the used Airs coming off leases) in 2025?

I think we both know that using a extreme position like "no financial impact" will not be true. The real question is how much the secondary market will offset any growth in Air demand. Again, your guess is as good as mine.

 

[BS8899]

I doubt it because we cannot predict the R&D costs associated with midsize. With three versions, it will exceed R&D cost for Air and Gravity. The cash flow from operations is looking pretty flat.
View attachment 26886
View attachment 26887


Very unlikely to be saturated outside of the US. The studio managers are telling me that Gravity is actually increasing interest in Air. Your guess is as good as mine for growth next year but I do expect growth in Air sales.



I think we both know that using a extreme position like "no financial impact" will not be true. The real question is how much the secondary market will offset any growth in Air demand. Again, your guess is as good as mine.

Appreciate your elaboration. Time will tell!

 

[Batteryman]

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.

Better to underpromise than overpromise....who knows, maybe they sell 25k? You have to understand they need to take into consideration the Trump effect- if he gets rid of leasing 7.5k loophole. Maybe that will drop sales a bit.

 

[BS8899]

Did anyone get clarity from yesterday's earning call as to when Gravity will be:
> available for test drives?
> available for unsupervised reviews?
> start shipping to current reservation customers?

 

[illopp00]

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.

I just checked good car bad car, JLR Land Rover sold 99K vehicles last year in the US, so the market is there for$100K SUVs.

 

[illopp00]

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.

They are being quite conservative due to macro conditions - no rate cuts, anti-EV and tax credit removal, tariffs....

 

[msaunders9430]

I just checked good car bad car, JLR Land Rover sold 99K vehicles last year in the US, so the market is there for$100K SUVs.

2025 Range Rover price range is $120k - $160k.
Add that to the over $100k list along with Escalade IQ.

 

[hmp10]

Don't you like Musk?
I love him.

In over 20 years at General Electric and almost 10 years in a large hedge fund, I've handled more restructurings and layoffs than I care to remember. I've dissolved whole departments and shuttered factories. I accepted the necessity of these actions, and they did not and do not make me squeamish.

However, they were always done with compassion. Advance notice was always given where feasible without compromising business security, and if termination without advance notice was necessary, severance packages were augmented correspondingly. And employees were always given information about continuity of benefits where applicable, such as severance packages, pay in lieu of notice, effects on pensions, and insurance continuation until transition to COBRA.

Musk however, both at Tesla and now with DOGE, is axing people in the most deliberately cruel ways possible. Firing people by email on nights and weekends, no information on vital concerns such as layoff benefits or insurance continuation, cutting them off from all communication with the employer, no identification or availability of resources to contact for such information, etc.

This is a form of sheer psychological sadism delivered by a person who can only feel powerful and important by using his authority to exact as much cruelty on others as he can muster.

He's a despicable human being who is openly reveling in putting America's new love affair with insult, aggression, crudeness, and infantile jingoism on as prominent a display as possible.

So you love him. Good to know.

 

[valentino]

It feels very wall st. I'm sure some influential financiers are saying why is the lucid winning awards left and right but not selling like hot cakes. And maybe because mr. Rawlinson is really good at making a great product but not great at selling it. So if that's the case the next ceo would be someone with little technical skills and all marketing like a classic wall st ceo. I'm not sure how to feel then. As an investor I will make lots of money. As a lucid owner I can expect cost cutting and that's not good.