- Joined
- Apr 7, 2022
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- Cars
- Grand Touring
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I don’t think that there is any debate that yesterday’s earning call was anything other than bad news. The double digit drop in the stock price speaks for itself. Peter cited a lack of brand awareness for the revised numbers. What I found interesting is that there was no mention of the actual owners, all of which could be considered early adopters and possible brand ambassadors. There is not a day that goes by that somebody doesn’t ask me about my car and I know that this is true for most of us. There has been a lot of talk on this forum about people loving their car, but not being able to recommend it to friends and family because of the software and EA issues. I would venture to bet that if Lucid started meaningful communications with their customers, a lot of us would be happier to recommend the car to others. None of us need to know trade secrets or anything that could be detrimental to the company by sharing info. We want to know what’s going on with things like CarPlay, DD releases, rental car policies, software bugs, EA issues, etc. We are tired of relying on rumors from a guy who knows a guy.
Lucid guards all information like it is Colonel Sander’s special chicken recipe. I’ve always had the feeling that they were paralyzed by fear of making news that would affect the stock price, so the company line has been to say nothing about virtually everything, which has caused frustration for many present and future customers. I don’t think they need to worry about the stock price right now, which is freeing in its own way.
In my opinion, Lucid is at the point where it has nothing to lose. This is an opportunity for them to make fundamental changes in their communications department and work on creating brand ambassadors. If Lucid chose to be more collaborative and less secretive, many of the 7,000 owners would probably help to sell more cars than any national campaign add.
As an example of good communication, software version 1.0 was so bad that by the end Lucid had to communicate with us. We even knew the exact day that they intended to release 2.0 and were told on this forum about a short delay when they couldn’t get it out on a Friday. We were showed some key features before the release and the direct communication from Lucid got us excited and brought us into the process. That should have been a starting point for Lucid’s communication with their customers, but sadly it was a one off communication effort. I believe that Lucid is now in a similar position, where they can no longer afford to keep their possible brand ambassadors in the dark on many of our questions and concerns. If they are going to succeed, they need us to be their best salespeople and in my opinion this is only going to happen if they fundamentally change their communication practices. I’m hopeful that we will see some changes soon.
Lucid guards all information like it is Colonel Sander’s special chicken recipe. I’ve always had the feeling that they were paralyzed by fear of making news that would affect the stock price, so the company line has been to say nothing about virtually everything, which has caused frustration for many present and future customers. I don’t think they need to worry about the stock price right now, which is freeing in its own way.
In my opinion, Lucid is at the point where it has nothing to lose. This is an opportunity for them to make fundamental changes in their communications department and work on creating brand ambassadors. If Lucid chose to be more collaborative and less secretive, many of the 7,000 owners would probably help to sell more cars than any national campaign add.
As an example of good communication, software version 1.0 was so bad that by the end Lucid had to communicate with us. We even knew the exact day that they intended to release 2.0 and were told on this forum about a short delay when they couldn’t get it out on a Friday. We were showed some key features before the release and the direct communication from Lucid got us excited and brought us into the process. That should have been a starting point for Lucid’s communication with their customers, but sadly it was a one off communication effort. I believe that Lucid is now in a similar position, where they can no longer afford to keep their possible brand ambassadors in the dark on many of our questions and concerns. If they are going to succeed, they need us to be their best salespeople and in my opinion this is only going to happen if they fundamentally change their communication practices. I’m hopeful that we will see some changes soon.