Interview with Peter at Bloomberg Summit

[MapleMan]

MSN

Hmm, so someday might be able to get Lucid tech for $50k less

Interesting strategy, worked for Intel and Qualcomm. A lot less capital as well!!

 

[tonybot]

Here is a link, posted by Lucid Oasis on X

https://twitter.com/x/status/1888289303786058141

 

[msaunders9430]

Peter's interview with Inside EVs at the Bloomberg Summit has me somewhat concerned.

Here's what has me concerned:

If the majority of company resources are going to continuous improvement of the powertrain technology, that's fine for the powertrain of a Lucid car.
However, how much effort is going into the other software requirements of the car, apart from the powertrain?
There has been a significant amount of discussion about the need for more focus on the software that handles the ADAS and other systems on an Air.
My concern is that the Lucid mindset will be, "Yes we sell cars. However, we are primarily a powertrain software supplier for other car companies. So some of the functionality you see in other EVs may not be in a Lucid, because other companies can focus more on the software development for the operation of their cars while we supply them with the powertrain software".

During the interview Peter says "Because the vision I have for Lucid is: Just as there’s an Intel inside your laptop, there’s a Lucid inside a Honda or a Toyota."
When I buy a laptop with an Intel processor, I'm not buying that laptop from Intel. I'm buying from Lenovo or Dell because I know the laptop has a Microsoft OS running.
I'd be somewhat hesistant to buy an Intel laptop running on an Intel OS if I know that 80% of their resources go toward the processor, but only 20% toward their OS and other components.
I think I'm concerned with the 20/80 allocation. Perhaps 50/50 would make me feel better.

For those who don't read the entire interview, he does say this at the very end ... "I'm not making any promises," he said. "And the reason that is not baked into our financials is I can't guarantee that any of that's going to happen."

Click here to read the full interview.

 

[msaunders9430]

Nice interview.
What has me concerned is this other interview at the same summit.
I posted about it here.

 

[MapleMan]

Thanks, posted that same article in another thread. Intel used to make computers, Qualcomm used to make cell phones, in 10 yrs will we say that about Lucid and cars? Sure would consume a whole lot less capital to license the tech or just build electric drivetrains.

 

[msaunders9430]

Thanks, posted that same article in another thread. Intel used to make computers, Qualcomm used to make cell phones, in 10 yrs will we say that about Lucid and cars? Sure would consume a whole lot less capital to license the tech or just build electric drivetrains.

I'll look for your post.
The forum system suggests related threads before posting, but yours didn't show.

I knew Lucid was going to license their tech, but doing that at 80% as the core business has me concerned.

Looking for your post now.

 

[msaunders9430]

Thanks, posted that same article in another thread. Intel used to make computers, Qualcomm used to make cell phones, in 10 yrs will we say that about Lucid and cars? Sure would consume a whole lot less capital to license the tech or just build electric drivetrains.

I suppose there's a reason there aren't any more Intel computers or Qualcomm phones.

Computers and phones don't last as long as cars and don't necessarily need replacement parts. Not the same with a car.

In 10 years I see Lucid still making cars. I just hope the software has been improving over those years or they've outsourced due to more focus on licensing. Companies outsource anyway so shouldn't be a big deal.

 

[Batteryman]

I'll look for your post.
The forum system suggests related threads before posting, but yours didn't show.

I knew Lucid was going to license their tech, but doing that at 80% as the core business has me concerned.

Looking for your post now.

Why concerned if 80% is licensing? As long as you can still buy a Lucid fully engineered car, I'm happy!

 

[msaunders9430]

Why concerned if 80% is licensing? As long as you can still buy a Lucid fully engineered car, I'm happy!

If you include software engineering in that "fully engineered", great. Just wonder if there is a cost to other software dev if power train software is core business.

 

[msaunders9430]

Why concerned if 80% is licensing? As long as you can still buy a Lucid fully engineered car, I'm happy!

Lot of software complaints already.

I can hear the comments now ..."If they would put as much time into the other systems on the car as they do the power train software, the car would be great".

 

[msaunders9430]

Why concerned if 80% is licensing? As long as you can still buy a Lucid fully engineered car, I'm happy!

Perhaps there are already other low volume car companies that license their tech. If it can be done as a long term strategy, great.

Not sure I want an Intel computer or Qualcomm phone. Maybe those companies changed their focus, but still had quality products when they were producing.

 

[msaunders9430]

Leon is considering licensing Tesla's fsd software. If he's doing it, I guess I'm ok.

 

[Batteryman]

Here is a link, posted by Lucid Oasis on X

https://twitter.com/x/status/1888289303786058141

' REAL" engineer vs Elmo

 

[Batteryman]

Leon is considering licensing Tesla's fsd software. If he's doing it, I guess I'm ok.

Sorry, dont give a dust about FSD....its overrated and doesnt work. All hype- coming since 2018- and still can kill you. It wont work with just cameras. Who is Elmo kidding? Waymo is centuries ahead.

Take a poll and see- would you trust a Tesla Robotaxi or Waymo? Why would anyone out their life in the hands of a liar?

 

[msaunders9430]

Sorry, dont give a dust about FSD....its overrated and doesnt work. All hype- coming since 2018- and still can kill you. It wont work with just cameras. Who is Elmo kidding? Waymo is centuries ahead.

Take a poll and see- would you trust a Tesla Robotaxi or Waymo? Why would anyone out their life in the hands of a liar?

Agreed.
My statement about Tesla licensing fsd software was me kinda answering my own question (see post #11) of if other companies licensed their tech like Lucid might do.
I've been kinda talking to myself on here.
I finally got ahold of myself and stopped.

 

[liggy]

As a shareholder I love the licensing strategy. The concerns about diluting resources away from Lucid specific software developments seem legit.

As to why anyone in their right mind would trust FSD (what a joke of a misnomer) is beyond me. I hope that guy gets rounded up and deported.

 

[msaunders9430]

As a shareholder I love the licensing strategy. The concerns about diluting resources away from Lucid specific software developments seem legit.

As to why anyone in their right mind would trust FSD (what a joke of a misnomer) is beyond me. I hope that guy gets rounded up and deported.

As a shareholder, I agree.

True about the dilution of resources as a possible concern.
That may be one reason Peter says at the end of the interview "I'm not making any promises," he said. "And the reason that is not baked into our financials is I can't guarantee that any of that's going to happen.".

Time will tell.

 

[msaunders9430]

As a shareholder I love the licensing strategy. The concerns about diluting resources away from Lucid specific software developments seem legit.

As to why anyone in their right mind would trust FSD (what a joke of a misnomer) is beyond me. I hope that guy gets rounded up and deported.

The thing about FSD, and not to get off topic, is that as other drivers decide to trust it, the rest of us will have to be ready to take defensive actions, as much as is possible.
Maybe that was the case with other automotive technology like cruise control, but I don't think so. FSD is worse!

 

[HC_79]

Sorry, dont give a dust about FSD....its overrated and doesnt work. All hype- coming since 2018- and still can kill you. It wont work with just cameras. Who is Elmo kidding? Waymo is centuries ahead.

Take a poll and see- would you trust a Tesla Robotaxi or Waymo? Why would anyone out their life in the hands of a liar?

overrated? lol, ok. Tesla’s ADAS works much better than Lucid’s and probably any automakers for that matter. If you remove the marketing hype and take it for what it is, a Level 2 ADAS system it’s leagues ahead of the competition.

Also, a person behind the steering wheel falling asleep, drunk driving, distracted on their phone can kill you so maybe tone down on the constant narrative that Tesla FSD is the only thing that can kill you. You shouldn’t be so quick to dismiss how many times these systems have actually prevented accidents and saved lives.

 

[borski]

overrated? lol, ok. Tesla’s ADAS works much better than Lucid’s and probably any automakers for that matter. If you remove the marketing hype and take it for what it is, a Level 2 ADAS system it’s leagues ahead of the competition.

Also, a person behind the steering wheel falling asleep, drunk driving, distracted on their phone can kill you so maybe tone down on the constant narrative that Tesla FSD is the only thing that can kill you. You shouldn’t be so quick to dismiss how many times these systems have actually prevented accidents and saved lives.

I agree with you in concept, fwiw (as is usually true with the two of us, actually!), but I would add that the capability of FSD compared to other systems appears to be extremely inconsistent. Given that it’s backed by an iterative but relatively unpredictable AI, that’s not actually that surprising, but the one thing I can say about Lucid’s DA is that it is predictable.

For example, I have found a spot on I-5 where it gets confused and veers left on a left exit, but it does that *every time* that kind of exit with that specific distance of lane comes up. That means when I see it coming up, until the bug is fixed, I can simply account for it.

My main issue with FSD is how unpredictable it is. It will work perfectly fine right up until it doesn’t, and it will fail in exactly the same spot it has succeeded twenty times before. That, to me, is far worse than failing consistently.

Mercedes, I have found, has a better system than FSD (or DA). Hyundai’s/Genesis’ sucks compared to any of them.

But *only one* is unpredictable, as I have found.

I recognize all of that is anecdotal, and I am not suggesting everyone has the same experience. I’m only speaking to my own.

But yes, I am all for automated driving, largely because *most people are bad at driving*. I just want it to be predictable, and to me, FSD very much isn’t.

My number one rule on the road is simple: “don’t surprise other drivers.” If you can avoid doing that, you’ll be most of the way to getting home safely.