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I’m curious what show that was.
Lucid Q1 Financials and Forward Looking
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Golden Girls rerun
My mistake, you said 135K. So, why the big inventory?
Just a thought...Gravity surpluss are being held for Uber. I'm not a fan of them withholding that information if true.
Point being, its not a good look to say hey sorry "customer" we can't build your model cause we're manufacturing for Uber instead. But those #s matter much more to the stock market at this point.
Point being, its not a good look to say hey sorry "customer" we can't build your model cause we're manufacturing for Uber instead. But those #s matter much more to the stock market at this point.
Thanks, but I know what the polymarket is. It's no different than someone continuing to buy Lucid stock because they think it is going to go up.
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They probably have custom specs for the Uber builds. Doesn't make sense for them to have a bunch of unnecessary options/features in a car that doesn't need them.
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Not to quibble, but it’s technically worse, since you don’t actually own an asset, however low-priced.
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In Europe for example we cannot configure our preferred cars anymore to be build exactly like it...just spoke to sales rep today only chance is to get a gravity by taking from 2026er model inventory.
This will be kept this way until end of summer he said and for the air even until end of the year...
That ought to make the new German distributor happy...
I think some folks are confusing inventory with finished automobiles. Lucid has around 2,500 cars available for sale. This would include cars that have been ordered/promised but not yet delivered. The inventory of $1.4 billion is everything that they have purchased to build cars, including the value of those 2,500-ish completed vehicles. If they're planning to sell 25k cars this year, that's a little over a month of vehicle inventory.
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What about 27s
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Here's the call transcript in case anyone wants it in text
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The stock declined slightly, although not as severely as one might have feared. Lucid still has a bit more to do to explain the inventory/real-demand/production ramp direction/service/cosmo, etc..
Let's hope the CEO leads the way out of the woods! There isn't much time left!
Let's hope the CEO leads the way out of the woods! There isn't much time left!
I think the new CEO probably realizes he has a shit show on his hands. But if he is the right kind of guy, he could be fired up by the challenge and engineer an impressive turnaround.
Or not.
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Lucid has some good designs and technologies. Lucid's big problem is their (lack of) discipline in product development, supplier co-development, supply chain management, SW integrity, and lately, Service.
Lucid should be reminded of the warning label on convex car rear-view mirrors (embellishing) "the objects (vis-a-vis competitors) in your rear-view mirror are actually closer than you might think!"
I don't see Lucid's problems as unique or technically or business-wise hard to solve. They need a cultural transformation, emphasizing ownership and disciplined solutions vs highlighting and rewarding "Gee-Whiz " stuff. If Lucid doesn't make the cultural change, it will go the way of many of the British car companies like Jaguar. Perhaps Lucid does not aspire to be like Toyota. But "Jaguar-like" culture is a sure path to extinction.
I agree that Lucid's problems aren't unique, but disagree about how hard it is to solve. Changing a corporate culture is extremely challenging. You need an evangelist at the top, and I don't know if Lucid has that.
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Well, the CEO needs to do that. If there are non-believers in the management ranks, fire them. Do that in the first 45 days! People will follow the CEO/evangelist once they see heads roll and the CEO means business!
There is no simple, kinder-and-gentlier ways to to get Lucid out of the tank. The CEO needs to articulate a clear agenda, meaningful metrics that are communicated and evaluated constantly (daily!). Get rid of the infidels and non-conformists. There is no time for nonsense. Kick asses and take names!
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Lucid has some good designs and technologies. Lucid's big problem is their (lack-of) discipline in product development, supplier co-development, supply chain management, SW integrity, and lately, Service.
I don't see Lucid's problems as unique or technically or business-wise hard to solve. They need a cultural transformation, emphasizing ownership and disciplined solutions vs highlighting and rewarding "Gee-Whiz " stuff. If Lucid doesn't make the cultural change, they will go the way of many of the British car companies like Jaguar. Perhaps Lucid does not aspire to be like Toyota. But "Jagua-like" culture is a sure path to extinction.
Actually, it’s very different. Stock investing is only gambling if you don’t understand the company. Yes, extraneous factors can affect the company in the future, but no one knows what they are. But at the time you buy, if you do due diligence, and feel comfortable with risk, you buy the stock.
With Polymarket it’s a coin toss…..very different.
But when buying a stock on meme craze, now that’s gambling.
Well, he is known to be a big on financial discipline.
Details on Topspeed initiative at Schindler introduced by Napoli. This is exactly what Lucid needs!
Key Strategic Goals
- Digital Connectivity: Linking more than 30% of the maintenance portfolio to the cloud, resulting in a 50% increase in digital revenue.
- Operational Efficiency: Reducing the "loss rate" by 50% through improved preventive care and better supply chain management.
- Innovation: Launching a new standardized modular elevator platform to reduce complexity across the entire value chain.
- Sustainability: Drastically reducing CO2 emissions, with some digital service contracts achieving up to a 99.5% reduction in total emissions. [1, 2, 3, 4, 5]
Financial Impact & Results [1]The initiative required a total investment of CHF 167 million over four years, which Napoli expected to pay back within the same timeframe. The results were significant: [1]
- Margin Recovery: The operating profit (EBIT) margin returned to double digits (10.3%) by 2023.
- Profit Growth: Net profit surged by 42% to CHF 935 million in 2023 following the program's completion.
- Performance: Adjusted EBIT margin further climbed to 11.4% in the first half of 2024, despite difficult global market conditions. [1, 2, 3]