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

To me, the unfortunate thing about Peter's comment about the company being 80% technology licensing and 20% vehicle sales is that the 80/20 was misunderstood as the revenue split, when I'm sure he meant the profit split. A huge portion of licensing revenue falls right to the bottom line, but there was no way that it would ever account for 80% of the top line.
 
How do they expect to produce and sell 20,000 vehicles in 2025 per the guidance today, when they’ve barely delivered 50 Gravity units, mostly to so called friends and family? The Air market is already capped at 10,000–12,000 unless they resort to heavy discounts. Given the slow ramp-up for Gravity, they’ll likely fall short again. It’s time to sell the stock and exit. Peter saw the writing on the wall—Lucid’s inability to scale and operate at volume is exactly why he stepped down.
 
Sad for Peter as I think he is a really earnest and good guy. I also wish he were the CTO only so it's a shame he's not that anymore.

I would be surprised if the 80-20 comment were directly responsible.

I think the Saudis may want more business success (get Gravity launched) and the current company emphasis on building everything from the ground up in a highly detailed, highly vertically integrated fashion, seemed to be in the way of deliveries. That's IMO of course, what do I know.
 
Sad for Peter as I think he is a really earnest and good guy. I also wish he were the CTO only so it's a shame he's not that anymore.

I would be surprised if the 80-20 comment were directly responsible.

I think the Saudis may want more business success (get Gravity launched) and the current company emphasis on building everything from the ground up in a highly detailed, highly vertically integrated fashion, seemed to be in the way of deliveries. That's IMO of course, what do I know.
There's a difference between a healthy discussion and people saying that Lucid should be doing this because of this without even 10% of the knowledge behind decisions being made.
 
There's a difference between a healthy discussion and people saying that Lucid should be doing this because of this without even 10% of the knowledge behind decisions being made.
I agree but speaking from personal experience it's seemed like a third rail. I've offered a few comments, very heavily hedged, and received strong condemnations that were personal shots when I did not start anything personal. It's often touted that armchair CEO'ing is against the rules - but I haven't found where that actually is stated in the forum rules. Anyways, just my $.02. (see, i'm hedging here and offering everything as a humble IMO and not going after anyone personally)

:edges towards the door:
 
Regardless of the reasons behind this, none of which we actually know, I don't think the transition was handled well without having a newly named CEO for continuity.

Not having that, sends an unnecessary signal of ambiguity to the market.
 
Seems market is not liking it. Dont know what happens next.
1. it was announced after the market closed for the day
2. stock is up as of this posting.
 
Sad for Peter as I think he is a really earnest and good guy. I also wish he were the CTO only so it's a shame he's not that anymore.

I would be surprised if the 80-20 comment were directly responsible.

I think the Saudis may want more business success (get Gravity launched) and the current company emphasis on building everything from the ground up in a highly detailed, highly vertically integrated fashion, seemed to be in the way of deliveries. That's IMO of course, what do I know.
I know you've edited your post, but as @hydbob has said above, we do welcome those discussions and would be interesting to read your reasons as it's appropriate for this thread topic.
 
Surprised that he didn’t have a technical role either like CTO or chief engineer. Just wow! I am shocked.
Agree!

Love or hate his role as CEO, but there is no denying that his role as CTO has been crucial with the company. I'd feel better if he were staying on as CTO, but not having the freedom to continue technical innovation w/o CEO approval may have led to his decision to just advise.
 
1. it was announced after the market closed for the day
2. stock is up as of this posting.
Seconded.

The market has responded well to the news, especially given the overall downward movement the market has been experiencing the last few days. I too wish he was CTO or another leadership role, but this was not to be. "We can only connect the dots looking backward"... to quote Steve Jobs.
 
How do they expect to produce and sell 20,000 vehicles in 2025 per the guidance today, when they’ve barely delivered 50 Gravity units, mostly to so called friends and family? The Air market is already capped at 10,000–12,000 unless they resort to heavy discounts. Given the slow ramp-up for Gravity, they’ll likely fall short again. It’s time to sell the stock and exit. Peter saw the writing on the wall—Lucid’s inability to scale and operate at volume is exactly why he stepped down.
Air sales doubled since last year, they will sell at least 15k airs and add to that 5k Gravity. Easy to reach 20k.
 
Seconded.

The market has responded well to the news, especially given the overall downward movement the market has been experiencing the last few days. I too wish he was CTO or another leadership role, but this was not to be. "We can only connect the dots looking backward"... to quote Steve Jobs.
So ironic you should mention Jobs!
Not the same situation but some similarities.
 
so many comments about poor Peter; fact is, he made plenty of money and he created great EVs.

he sucks at making the stock go up. can we agree with that?
 
Air sales doubled since last year, they will sell at least 15k airs and add to that 5k Gravity. Easy to reach 20k.
I am hopeful the trend will continue. I have convinced some people to buy Air's recently, and have a friend waiting to jump on the first Gravity sales in Oregon... we shall see if they sell the expected volume. Outside factors like a recession may also play a role as luxury spending tends to go down as the consumer market becomes more price sensitive.
 
so many comments about poor Peter; fact is, he made plenty of money and he created great EVs.

he sucks at making the stock go up. can we agree with that?
I'm not sure "Poor" is how I would describe him, lol.


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