Current delivery timelines

[Batteryman]

wondering why the delay in delivering, it’s not like there is huge demand.

 

[Blue Lectroid]

I was told they would have an answer for me the 1st week of December.....

wondering why the delay in delivering, it’s not like there is huge demand.

Delivery times do seem strangely long given that Lucid has repeatedly made a point of having “ample excess production capacity.”

 

[tonybot]

Delivery times do seem strangely long given that Lucid has repeatedly made a point of having “ample excess production capacity.”

I have been curious about this point as well. Does anyone have insights or perspectives on why delivery timelines are so far out, and does that have anything to do with getting ready/making changes for Gravity?

 

[mcseal22]

Delivery times do seem strangely long given that Lucid has repeatedly made a point of having “ample excess production capacity.”

Delivery times do seem strangely long given that Lucid has repeatedly made a point of having “ample excess production capacity.”

I was told by a reliable source that Lucid is losing 300k per build on the sedans. Mine is a custom order so, it has delayed it further. I believe they are hoping the Gravity will boost sales and exposure to the EV community.

 

[Blue Lectroid]

They are losing a lot of money per car when counting fixed costs. However, that number will come down significantly as they sell more units and can divide their fixed costs across a larger base of sales (higher number of units sold). This is definitely not why they are not delivering cars quickly, it would very much be to their benefit to sell more units in a shorter period of time. That would significantly shrink that loss number...

 

[Steve181]

1- I wonder if that includes amortizing the design inverstment?

2- If they do not, how much do the lose or make per car? ... ie sales price - (labor + current overhead + materials)?

Blue - We basically said the same thing at the same time.

 

[mcseal22]

Delivery times do seem strangely long given that Lucid has repeatedly made a point of having “ample excess production capacity.”

They are losing a lot of money per car when counting fixed costs. However, that number will come down significantly as they sell more units and can divide their fixed costs across a larger base of sales (higher number of units sold). This is definitely not why they are not delivering cars quickly, it would very much be to their benefit to sell more units in a shorter period of time. That would significantly shrink that loss number...

Wow, I just got my Vin#!!! I have pinged my sales rep to see what the delivery time may be now that I have my VIN. Super excited

 

[HC_79]

I was told by a reliable source that Lucid is losing 300k per build on the sedans. Mine is a custom order so, it has delayed it further. I believe they are hoping the Gravity will boost sales and exposure to the EV community.

Walmart builds a store for $20 million, the store opens with fanfare and on day 1 they take $500,000 in sales. The headline "Walmart loses $19.5 million opening new store"

Get a better reliable source because the one you've got doesn't understand the basics of building a business.

 

[Blue Lectroid]

Wow, I just got my Vin#!!! I have pinged my sales rep to see what the delivery time may be now that I have my VIN. Super excited

Fantastic!!! Congratulations!! Keep us posted!!!

 

[bikeriderbryan]

Walmart builds a store for $20 million, the store opens with fanfare and on day 1 they take $500,000 in sales. The headline "Walmart loses $19.5 million opening new store"

Get a better reliable source because the one you've got doesn't understand the basics of building a business.

The simplest way is to look at the financials of Lucid. @mcseal22 is pretty accurate.

 

[Batteryman]

I was told by a reliable source that Lucid is losing 300k per build on the sedans. Mine is a custom order so, it has delayed it further. I believe they are hoping the Gravity will boost sales and exposure to the EV community.

If they sell 20k next year, it comes down to 180k and so on.....they will be gross positive in a few years. This is how vehicle manufacturing works.

 

[HC_79]

The simplest way is to look at the financials of Lucid. @mcseal22 is pretty accurate.

lol, ok!

Taking a companies revenue and simply dividing it by the number of cars sold is not a true reflection of how much Lucid loses per vehicle. It’s a stupid calculation that Lucid has addressed many times on why it’s not true.

 

[bikeriderbryan]

lol, ok!

Taking a companies revenue and simply dividing it by the number of cars sold is not a true reflection of how much Lucid loses per vehicle. It’s a stupid calculation that Lucid has addressed many times on why it’s not true.

Who said I did that? You can look at the financials that Lucid reports and they clearly report loss per vehicle. This isn't anything new.

 

[bikeriderbryan]

If they sell 20k next year, it comes down to 180k and so on.....they will be gross positive in a few years. This is how vehicle manufacturing works.

Yes we all are hoping the can become positive.

 

[Adnillien]

Who said I did that? You can look at the financials that Lucid reports and they clearly report loss per vehicle. This isn't anything new.

Actually Lucid does not report loss per vehicle. During startup and ramp the best way to look at Lucid financials is to try and estimate the contribution margin per vehicle. You can do this by looking at gross profit less depreciation and inventory impairment and you will see that the contribution margin is about $-2k per vehicle. With increased volume from Gravity and decreased BOM costs due to internalization of stamping, I expect positive contribution margin in either Q4 2024 or Q1 2025.

 

[borski]

Who said I did that? You can look at the financials that Lucid reports and they clearly report loss per vehicle. This isn't anything new.

Nope, they sure don't. This isn't new, because that isn't what they do, because that isn't how reading financial statements works.

Please don't spread incorrect FUD. @Adnillien is correct.

 

[bikeriderbryan]

Nope, they sure don't. This isn't new, because that isn't what they do, because that isn't how reading financial statements works.

Please don't spread incorrect FUD. @Adnillien is correct.

His latest post is correct. Not the one I replied to. Would you please stop replying with FUD. Not sure why you feel the need to.

 

[borski]

His latest post is correct. Not the one I replied to. Would you please stop replying with FUD. Not sure why you feel the need to.

I wasn’t being mean to you. I was literally asking you to stop spreading Fear, Uncertainty, and Doubt that was based on misplaced assumptions.

@Adnillien only made one post, so “his latest” is the same as “his only.”

You’re referring to @HC_79, who was also correct in his assessment that you were incorrect and using a flawed methodology to analyze Lucid’s financials.

None of what I said constitutes FUD, as it was accurate.

 

[coma24]

Just an update - I got my car finally after 4 weeks. The sales experience was not ideal, to be honest. As a timeline:
19-Sept: Ordered an "available in 2 weeks" vehicle
04-Oct: After calling customer care, the sales line, emailing and chatting on the website, and of course trying to get in touch with my Sales Specialist, one of the sales specialist called me to inform me that my car is in route
09-Oct: Car reached the delivery center
10-Oct: Got a call from the sales specialist to organize the delivery, which I scheduled for the 14th. 14th turned out to be a bank holiday and my sales specialist only got me the amount that was due at delivery on Oct 11th which was past the cutoff time to wire the amount. So my delivery had to get pushed out to the 16th
16-Oct: Delivery scheduled at 11am. At about 9am I got a call from the sales specialist that my delivery cannot happen because of a stop sale! No other information. I took it upon myself to call the delivery center directly and got in touch with the service manager who didn't have much to add either. Around 11am they called me back and said it was a small hiccup which they fixed up and the car was ready for delivery.

Overall the experience to buy the car was not ideal. I understand that they're building their business but I genuinely felt like my Sales Specialist was not interested in selling fme a car.

But as you've seen on these forums, the drive is so worth it. It's such an excellent car and the delivery experience was fantastic (bar the small hiccup). I've spent most of my days in the car playing around with the tech or just going on long drives. I'm already forgetting about the sales experience.

My DA was super low energy, hard to reach and only responded to about 1/3 of the questions I asked. It was maddening. The vehicle I ordered ended up being damaged beyond repair prior to delivery, a fact that took multiple weeks to reveal...then a further 2 weeks to get my money back, and even then, only after my SA escalated to VP of Finance who pulled out all the stops. Without that, it's unclear how long I would've been waiting. Communication was poor overall, but the Studio staff were, and continue to be, outstanding. Your awkward experience is not unique, there are many similar stories on the forum. It seems this is an area for improvement for Lucid, they are not great at actually selling cars. As you said, though, the drive is sublime. You get over the ridiculous acceleration (or at least I did), and really fall in love with how well it drives overall, and how much utility there is in using some of the power when the situation calls for it (overtakes on freeways, for example).