Lucid Production

[joec]

“Lucid said in a statement that it produced 3,493 vehicles at its Arizona factory in the fourth quarter and delivered 1,932, bumping its total production to 7,180 for the full year. Lucid's fourth-quarter production total was up 53% from the third quarter, when it produced 2,282 Air sedans and delivered 1,398.”

Electric luxury-car maker Lucid produced more vehicles in 2022 than expected

Lucid told investors to expect it to make between 6,000 and 7,000 of its Air sedans in 2022. It was able to beat that total slightly.

www.cnbc.com

I had a feeling.

 

[Pwmac]

Good news but I was little surprised they only delivered 4369 of the 7180 produced.

 

[Shuasha]

I know there are around 1600 sitting at the factory, are the rest on a ship to the EU and Saudi Arabia?

 

[JillyBean]

Good news but I was little surprised they only delivered 4369 of the 7180 produced.

Agreed

 

[idiot900]

Good news but I was little surprised they only delivered 4369 of the 7180 produced.

I guess they're having trouble arranging enough transport, or PDI is still a bottleneck? I've had a VIN for a few weeks now and my car is still "on the assembly line" as per DA.

 

[HariK]

I guess they're having trouble arranging enough transport, or PDI is still a bottleneck? I've had a VIN for a few weeks now and my car is still "on the assembly line" as per DA.

A mobile tech told me that they have been doing 11hr work days for a while and now cut back to 10hrs to keep up with the deliveries. I have extremely minor issues and told him that I am willing to be patient while they work on deliveries and other critical issues preventing owners from driving their cars.

 

[Mawashi Geri]

As we already know

 

[JillyBean]

As we already know

8 is better than 6 but far from 1 yr ago $50
Long way back

 

[HC_79]

As we already know

It's been a good week overall for Lucid

I think the risks on the earnings call will be

• Reservations - are they increasing, plateauing or decreasing
• Guidance - What are the 2023 numbers going to be

 

[HariK]

It's been a good week overall for Lucid

View attachment 8587

I think the risks on the earnings call will be

• Reservations - are they increasing, plateauing or decreasing
• Guidance - What are the 2023 numbers going to be

I agree that the number of reservations will be watched but I don't think the investors will believe any guidance on the numbers
because they already decided that the guidance is not reliable. We need more quarters of rapid growth for the the numbers to be
taken seriously.

 

[DJL]

·

3,493 Vehicles Produced in Q4, up 53% Sequentially

·

7,180 Vehicles Produced in 2022, Exceeding Guidance of 6,000-7,000 Vehicles

·

Set to Report Fourth Quarter Financial Results on Wednesday, February 22, 2023

https://www.sec.gov/Archives/edgar/data/1811210/000110465923003267/tm233107d1_ex99-1.htm

And delivered 1,932 vehicles during the same period.
On a full-year basis, the company produced 7,180 vehicles, exceeding provided guidance range of 6,000-7,000 vehicles, and delivered 4,369 vehicles.

 

[Michael C]

Good news-
https://www.engadget.com/lucid-air-q4-manufacturing-production-target-151031522.html

 

[lcidson]

Delivery numbers are a bit concerning to me. Hopefully it's not a sign of a significant reduction in demand.

 

[joec]

Delivery numbers are a bit concerning to me. Hopefully it's not a sign of a significant reduction in demand.

I think it's more a sign of delivery logistics not having caught up to production logistics. Delivery is a lot tougher in many ways. You have the customer as a major variable, for one.

 

[borski]

I think it's more a sign of delivery logistics not having caught up to production logistics. Delivery is a lot tougher in many ways. You have the customer as a major variable, for one.

Yup. Especially during the holidays, when many people are traveling. That is part of why my delivery was delayed, too, back in 2021 - I was traveling during the 2020 holidays and couldn’t make it work. Lots of variables compared to production.

 

[thecodingart]

·

3,493 Vehicles Produced in Q4, up 53% Sequentially

·

7,180 Vehicles Produced in 2022, Exceeding Guidance of 6,000-7,000 Vehicles

·

Set to Report Fourth Quarter Financial Results on Wednesday, February 22, 2023

https://www.sec.gov/Archives/edgar/data/1811210/000110465923003267/tm233107d1_ex99-1.htm

Tagging the official announcement onto this:

Lucid Produced 3,493 Vehicles in Q4 2022 and 7,180 in the Full Year 2022, Exceeding Annual Guidance​

• 3,493 Vehicles Produced in Q4, up 53 Percent Sequentially
• 7,180 Vehicles Produced in 2022, Exceeding Guidance of 6,000-7,000 Vehicles
• Set to Report Fourth Quarter Financial Results on Wednesday, February 22, 2023

Lucid Produced 3,493 Vehicles in Q4 2022 and 7,180 in the Full Year 2022, Exceeding Annual Guidance

www.lucidmotors.com

 

[thecodingart]

Not sure if anyone has been following the stock, but it’s on a good upswing with the market.

 

[LCIDdreams]

I was hoping so, but early reviews of VinFast at CES were not complementary.

Sounds like it’s a bit of a mess. Out of Spec Motoring did a mini review and conclusion was they should spend less effort on over-the-top full expenses paid press events and promotion and more on actual engineering.

 

[LCIDdreams]

Tagging the official announcement onto this:

Lucid Produced 3,493 Vehicles in Q4 2022 and 7,180 in the Full Year 2022, Exceeding Annual Guidance​

• 3,493 Vehicles Produced in Q4, up 53 Percent Sequentially
• 7,180 Vehicles Produced in 2022, Exceeding Guidance of 6,000-7,000 Vehicles
• Set to Report Fourth Quarter Financial Results on Wednesday, February 22, 2023

Lucid Produced 3,493 Vehicles in Q4 2022 and 7,180 in the Full Year 2022, Exceeding Annual Guidance

www.lucidmotors.com

Great that they made production guidance (yes I know it was already lowered twice during the year but still they seem to be getting into gear now)

 

[JillyBean]

Not sure if anyone has been following the stock, but it’s on a good upswing with the market.

From $6 to $8