Emad Dlala out

[BS8899]

a stock price doesn't reflect the R&D and innovation of a company

I am not debating that. But let us not forget, GE (Edison) invented (actually perfected) the light bulb.

Other GE breakthroughs include CT scan, Gs Turbines, Silicone, Super conducting magnets, magnetron, MRI, laser diodes, etc....

And YES, they have had mis-steps along the way.

 

[borski]

Well, I wouldn't knock GE stock. It has done reasonable well in the past few years.

View attachment 39321

Because they’ve begun innovating again. Which is a good thing.

In 2016/2017/2018, they stopped for a while and spun off a bunch of pieces of the company. In 2018, they were replaced in the DJIA. They only just finished spinning off GE Healthcare in 2023. GE Vernova in 2024. I’ll let you do the math.

And, and this is important, GE is no longer GE. It now does business as GE Aerospace, which is the only piece of GE left. There is no GE; only GE Aerospace. It trades as $GE.

So yes, “GE” is doing quite well now that it is a tiny fraction of the size it once was and produces a tiny fraction of what it once did.

We should all be so lucky.

 

[borski]

I am not debating that. But let us not forget, GE (Edison) invented (actually perfected) the light bulb.

Other GE breakthroughs include CT scan, Gs Turbines, Silicone, Super conducting magnets, magnetron, MRI, laser diodes, etc....

And YES, they have had mis-steps along the way.

None of those things are owned or produced by GE anymore. Even if they use the GE name.

For example, GE Appliances? That’s Haier.

The three separate public companies that were once GE?

$GE aka GE Aerospace
$GEHC aka GE Healthcare
$GEV aka GE Vernova (energy)

That’s it.

 

[BS8899]

Because they’ve begun innovating again. Which is a good thing.

In 2016/2017/2018, they stopped for a while and spun off a bunch of pieces of the company. In 2018, they were replaced in the DJIA. They only just finished spinning off GE Healthcare in 2023. GE Vernova in 2024. I’ll let you do the math.

And, and this is important, GE is no longer GE. It now does business as GE Aerospace, which is the only piece of GE left. There is no GE; only GE Aerospace. It trades as $GE.

So yes, “GE” is doing quite well now that it is a tiny fraction of the size it once was and produces a tiny fraction of what it once did.

We should all be so lucky.

Yeah, GE didn't invent the jet engine. GE Aerospace is the #1 supplier of Jet Engines!

And Henry Ford learned his trade under Thomas Edison.

If you love history, go research Nikola Tesla and Thomas Edison. They were contemporaries with each other.

Many people believe Nikola Tesla is a much smarter (scientifically) guy than Thomas Edison. Telsa died a penniless, alone, in a seedy hotel room.

A great scientific mind does not guarantee a great business outcome.

For better or for worse, Emad and Rawlinson are gone. Silvio is in charge. Let see what he can do for Lucid!

 

[BS8899]

None of those things are owned or produced by GE anymore. Even if they use the GE name.

For example, GE Appliances? That’s Haier.

The three separate public companies that were once GE?

$GE aka GE Aerospace
$GEHC aka GE Healthcare
$GEV aka GE Vernova (energy)

That’s it.

GE invented the first electric clothes washer. But I think they are mostly out of the consumer business.


GE Aerospace, GE Healthcare, and GE Vernova were all spin-offs of the original GE company.

 

[borski]

Yeah, GE didn't invent the jet engine. GE Aerospace is the #1 supplier of Jet Engines!

And Henry Ford learned his trade under Thomas Edison.

If you love history, go research Nikola Tesla and Thomas Edison. They were contemporaries with each other.

Many people believe Nikola Tesla is a much smarter (scientifically) guy than Thomas Edison. Telsa died a penniless, alone, in a seedy hotel room.

A great scientific mind does not guarantee a great business outcome.

For better or for worse, Emad and Rawlinson are gone. Silvio is in charge. Let see what he can do for Lucid!

I agree with all of this. Not sure how it’s related to innovation at all, except to imply that is it not sufficient.

And, for what it’s worth, I agree.

R&D is, imho, necessary, but not sufficient. I never meant to imply otherwise.

 

[BS8899]

I agree with all of this. Not sure how it’s related to innovation at all, except to imply that is it not sufficient.

And, for what it’s worth, I agree.

R&D is, imho, necessary, but not sufficient. I never meant to imply otherwise.

My point is:

> I see Emad's departure as Silvio asserting his control as CEO. You may/may-not agree with how Emad was treated. But the CEO is asserting himself.
> If I remember Silvio's resume, he is no tech dummy. Does he have a science/engineering degree?

I am NOT saying Silvio is doing all the correct things. But for the past couple of years, there wasn't a real adult in the Lucid's C-suite.

I hope Silvio can be that adult!

 

[Need4Sleep]

My point is:

> I see Emad's departure as Silvio asserting his control as CEO. You may/may-not agree with how Emad was treated. But the CEO is asserting himself.
> If I remember Silvio's resume, he is no tech dummy. Does he have a science/engineering degree?

I am NOT saying Silvio is doing all the correct things. But for the past couple of years, there wasn't a real adult in the Lucid's C-suite.

I hope Silvio can be that adult!

If it puts you at ease, Silvio Napoli has a Master of Engineering in Materials Science and also did a Harvard MBA with a Fullbright scholarship.
And here's his full track record on LinkedIn

 

[BS8899]

If it puts you at ease, Silvio Napoli has a Master of Engineering in Materials Science and also did a Harvard MBA with a Fullbright scholarship.
And here's his full track record on LinkedIn
View attachment 39323

Yeah, Silvio is not a bonds and futures trader who doesn't understand engineering, finance, sales and customer service.


I have never met Emad in person, though I watched many of his videos with Rawlinson. He is a passionate geek! I like him!

That said, I'd suggest we stop mourning Emad's departure.

Let's close this link about Emad's departure. It is a done deal!

We should all be focusing on how Silvio is going move Lucid forward.

 

[TahoeMichael]

Yeah, Silvio is not a bonds and futures trader who doesn't understand engineering, finance, sales and customer service.


I have never met Emad in person, though I watched many of his videos with Rawlinson. He is a passionate geek! I like him!

That said, I'd suggest we stop mourning Emad's departure.

Let's close this link about Emad's departure. It is a done deal!

We should all be focusing on how Silvio is going move Lucid forward.

Hey, if Silvio shows up somewhere and says something interesting/credible/positive/concrete about how Lucid is going to face the challenge of growing sales, launching vehicles, and meeting the needs of customers, I expect we'll all be paying rapt attention. Until then, what's there to do besides wailing and gnashing our teeth?

 

[socktucker]

If it puts you at ease, Silvio Napoli has a Master of Engineering in Materials Science and also did a Harvard MBA with a Fullbright scholarship.
And here's his full track record on LinkedIn
View attachment 39323

Let’s all add him on LinkedIn

 

[BS8899]

Hey, if Silvio shows up somewhere and says something interesting/credible/positive/concrete about how Lucid is going to face the challenge of growing sales, launching vehicles, and meeting the needs of customers, I expect we'll all be paying rapt attention. Until then, what's there to do besides wailing and gnashing our teeth?

I hope the day will come. But it is not tomorrow, or this yIear.

My opinion is, Lucid is in a big hole. It will take a while for Lucid to dig its wa y out.

Business-as-usual isn't going to work.

 

[DeaneG]

I hope the day will come. But it is not tomorrow, or this yIear.

I'd expect some substantive comments from him at the next quarterly call.

 

[BS8899]

I'd expect some substantive comments from him at the next quarterly call.

I hope so!

Inasmuch as I am a geek like many of you. I don't think more geeky power train innovation is going to save the day.

Lucid is broken as a business. Ithas good bones, but its execution and dependencies (SW, HW, Service, PIF-dependency) conspire against its own goals.

 

[borski]

My point is:

> I see Emad's departure as Silvio asserting his control as CEO. You may/may-not agree with how Emad was treated. But the CEO is asserting himself.

I have no idea how Emad was treated. I couldn’t agree or disagree with it.

I also don’t know that Emad was pushed out.

> If I remember Silvio's resume, he is no tech dummy. Does he have a science/engineering degree?

I never said he was dumb. In fact, I suspect he’s quite brilliant.

I am NOT saying Silvio is doing all the correct things.

I know. And I’m not saying he’s doing the wrong ones.

But for the past couple of years, there wasn't a real adult in the Lucid's C-suite.

This is where we disagree. And that’s okay.

I hope Silvio can be that adult!

I hope Silvio does great! And I have little reason to suspect he won’t.

 

[borski]

That said, I'd suggest we stop mourning Emad's departure.

Let's close this link about Emad's departure. It is a done deal!

That’s not how “mourning” works. He was a big part of Lucid. People are allowed to be saddened by his departure.

We should all be focusing on how Silvio is going move Lucid forward.

We can walk and chew gum at the same time. That is a different thread.

Being sad about Emad’s departure doesn’t also mean hoping or thinking Silvio will fail.

 

[hmp10]

Inasmuch as I am a geek like many of you. I don't think more geeky power train innovation is going to save the day.

I agree with the points of the past several posts that we now have to look at what's ahead rather than behind for Lucid.

But it's important to remember that Dlala wasn't being looked to by anyone to "save the day" for Lucid. He was being tasked with straightening out the software mess and keeping the powertrain pot on the boil, and there was no indication he was not doing both well. For instance, there are signs that both production and sourcing have serious problems that spill over into the service network, and none of those was put under Emad.

Saving the day is the responsibility of the CEO, who is the person with the portfolio breadth for that mission. "Geeky powertrain innovation" cannot do that, but it remains critical to maintaining and building on Lucid's reputation for cutting-edge automotive engineering which Lucid has striven to make central to its core brand identity.

 

[socktucker]

We can walk and chew gum at the same time.

No need to brag.

 

[socktucker]

I agree with the points of the past several posts that we now have to look at what's ahead rather than behind for Lucid.

But it's important to remember that Dlala wasn't being looked to by anyone to "save the day" for Lucid. He was being tasked with straightening out the software mess and keeping the powertrain pot on the boil, and there was no indication he was not doing both well. For instance, there are signs that both production and sourcing have serious problems that spill over into the service network, and none of those was put under Emad.

Saving the day is the responsibility of the CEO, who is the person with the portfolio breadth for that mission. "Geeky powertrain innovation" cannot do that, but it remains critical to maintaining and building on Lucid's reputation for cutting-edge automotive engineering which Lucid has striven to make central to its core brand identity.

Scapegoated.

 

[BS8899]

I agree with the points of the past several posts that we now have to look at what's ahead rather than behind for Lucid.

But it's important to remember that Dlala wasn't being looked to by anyone to "save the day" for Lucid. He was being tasked with straightening out the software mess and keeping the powertrain pot on the boil, and there was no indication he was not doing both well. For instance, there are signs that both production and sourcing have serious problems that spill over into the service network, and none of those was put under Emad.

Saving the day is the responsibility of the CEO, who is the person with the portfolio breadth for that mission. "Geeky powertrain innovation" cannot do that, but it remains critical to maintaining and building on Lucid's reputation for cutting-edge automotive engineering which Lucid has striven to make central to its core brand identity.

I have nothing against geeky power train. I love that stuff. For your reference, I bought my 2022 Lucid AGT because of efficiency and power train.

that said, Lucid's survival is on the line. Aside from production and sourcing you cited, service is also a huge problem. All of these are ahead of a "more efficient power train".

I know Lucid prides itself with its power train efficiencies. But in real life situations (e.g., OoS I-90 and Maine to Key West races), Lucid's (claimed) efficiencies didn't amount to a significant difference against MUCH lesser ranked competitors.