Missed Q2 2023 Production and Delivery Numbers

[MidwestLucidDude]

This is a straw man argument. Is anyone saying Gravity will be a mass produced vehicle?

Lucid doesn't have the scale to mass produce right now.

Model X probably sells over 2X what the Model S does. Tesla refuses to tell us the sales mix.

Gravity should follow suit and sell over twice as many than Air. And bring Lucid Group close to break even.

I just hope Peter builds what the market wants instead of what he wants and brings a compact CUV to market before Lucid brings a compact sedan to market.

Tesla wasn't profitable until Model 3 ramped. And at the time there was no compelling compact electric CUV for sale. Sales show Bolt and LEAF were not compelling. Rivian won't be profitable until R2 ramps.

Not making a straw man argument. Just stating a fact that you and I seem to agree with. Gravity is not going to be a massed produced vehicle, at least to a scale that will make Lucid wildly profitable. Thus the logic follows that the profitability will come when they release whatever comes after Gravity. A model similar to the Model 3 or Model Y. We will have to wait a few more years.

What we can hope comes out of Gravity, is that it is as well reviewed as the Air was upon release and wins a bunch of awards. Then it has to get a number of solid pre-orders that beats expectations. Then Lucid needs to ramp up production and deliver them better than they did with the Air. Then the Gravity will need to be so good that the competition, won't have anyting nearly as good. A truly stand-out vehicle. Doing all that might be enough to keep investors interested and the cash flowing long enough to get them to their version of the Model 3 or Y.
It is a lot of "ifs." but it could happen. I would like to get my stock investment back.

 

[Neurio]

• In 2022, Tesla sold 176,372 Model S vehicles, a 1426.37% increase from 2021
• In 2022, Tesla sold 31,371 Model X vehicles, a 329.39% increase from 2021

Where did you pull those numbers from? Bunch of false advertising, so you're not helping your argument. Maybe do some real research before spouting figures?

The real numbers:

Source: https://ir.tesla.com/press-release/...date-financial-results-webcast-fourth-quarter

 

[MoniputerLM]

How did Rivian ramp up faster and better than Lucid?

By going after a hotter and broader market share, pickups and SUVs, and therefore not competing head-to-head with Telsa. Lucid chose high-end luxury cars which is a much smaller market.

 

[Tâm]

Where did you pull those numbers from? Bunch of false advertising, so you're not helping your argument. Maybe do some real research before spouting figures?

The real numbers:
View attachment 13523
Source: https://ir.tesla.com/press-release/...date-financial-results-webcast-fourth-quarter

2024 Tesla Model S Sales Figures

Tesla Model S monthly, quarterly, and yearly sales and statistics in the United States. Including data and interactive charts for the latest model year 2024 and cars segment.

carfigures.com

Tesla Model S US Year Sales​

Year	Sales
2022	176,372
2021	11,555
2020	18,600
2019	21,000
2018	29,800
2017	26,800
2016	24,000
2015	20,895
Total	329,022

2024 Tesla Model X Sales Figures

Tesla Model X monthly, quarterly, and yearly sales and statistics in the United States. Including data and interactive charts for the latest model year 2024 and crossover/suvs segment.

carfigures.com

Tesla Model X US Year Sales​

Year	Sales
2022	31,371
2021	7,306
2020	31,000
2019	24,700
2018	23,900
2017	21,600
2016	2,725
2015	97
Total	142,699

 

[cardiacTom]

The problem is not production...another quarter of making more cars than they sold. The issue is they can't sell even the cars they make. They better hope the Saudi's keep supporting them or they are in deep trouble.

 

[cardiacTom]

2024 Tesla Model S Sales Figures

Tesla Model S monthly, quarterly, and yearly sales and statistics in the United States. Including data and interactive charts for the latest model year 2024 and cars segment.

carfigures.com

2024 Tesla Model X Sales Figures

Tesla Model X monthly, quarterly, and yearly sales and statistics in the United States. Including data and interactive charts for the latest model year 2024 and crossover/suvs segment.

carfigures.com

This is just a laughable statistic in eery way. Anyone with any critical thinking can see in a millisecond it makes no sense. Why would sales of a car that has been on the market for a decade increase by 1000% in the last year, and the absolute numbers are equally as ridiculous.
I read on the internet that over 80% of what is on the internet is not true....

 

[hydbob]

2024 Tesla Model S Sales Figures

Tesla Model S monthly, quarterly, and yearly sales and statistics in the United States. Including data and interactive charts for the latest model year 2024 and cars segment.

carfigures.com

2024 Tesla Model X Sales Figures

Tesla Model X monthly, quarterly, and yearly sales and statistics in the United States. Including data and interactive charts for the latest model year 2024 and crossover/suvs segment.

carfigures.com

Tesla Model X US Year Sales​

Year	Sales
2022	31,371
2021	7,306
2020	31,000
2019	24,700
2018	23,900
2017	21,600
2016	2,725
2015	97
Total	142,699

Yea...I mean, even if you quote your source, the figure should stand out as being incorrect. No car company has a 1400% increase in sales YOY.

 

[joec]

I have a feeling it's going to be the sedan. He's said as much. However if you think about it you go from lower demand ( Air) to higher demand (Gravity) and then repeat the process on the smaller platform. Probably not a bad idea.

Totally agree. People are not listening to the clear indicators.

It might sound stupid to us, but there’s obviously some advantage to building a sedan first on any new platform, then adapting it to Crossover/SUV. It’s such common practice there has to be some wisdom in it.

I’d be surprised at this point if Lucid deviates from this pattern.

 

[Tâm]

This is just a laughable statistic in eery way. Anyone with any critical thinking can see in a millisecond it makes no sense. Why would sales of a car that has been on the market for a decade increase by 1000% in the last year, and the absolute numbers are equally as ridiculous.
I read on the internet that over 80% of what is on the internet is not true....

Totally agree. People are not listening to the clear indicators.

It might sound stupid to us, but there’s obviously some advantage to building a sedan first on any new platform, then adapting it to Crossover/SUV. It’s such common practice there has to be some wisdom in it.

I’d be surprised at this point if Lucid deviates from this pattern.

Carfigures.com indicates that Tesla SUV Model X is not as popular as the Tesla sedan Model S.

Is there an assumption in this thread that since carfigures is wrong, then luxury SUVs like Gravity would be more popular than luxury Sedan Air?

 

[hydbob]

Carfigures.com indicates that Tesla SUV Model X is not as popular as the Tesla sedan Model S.

Is there an assumption in this thread that since carfigures is wrong, then luxury SUVs like Gravity would be more popular than luxury Sedan Air?

Why are you trusting carfigures over Teslas own press release?

 

[Tâm]

EV price war is heating up, so those who can sell cheaper EVs might have a better chance in the market.

It looks like Lucid is willing to sell technology to others building cheaper cars that are less than $50,000.

"Lucid will eventually bring a smaller platform to market to offer EVs starting at $50,000. Since it's a luxury automaker, the goal isn't for Lucid to make cars that are cheaper than $50,000. However, Rawlinson says it can license its tech to other companies that are hoping to produce cheaper EVs. The CEO said that some automakers have already asked about potential licensing."

 

[blueice89]

How did Rivian ramp up faster and better than Lucid?

More cash more employees

 

[Tâm]

More cash more employees

Lucid just got addition cash:

EV maker Lucid announces $3 billion raise from Saudi public wealth fund and stock offering

Lucid is raising $3 billion via a secondary stock offering, including about $1.8 billion from the Saudi fund that controls the automaker.

www.cnbc.com

So blaming short of cash for layoffs and slow production is not a good explanation.

 

[Neurio]

Lucid just got addition cash:

EV maker Lucid announces $3 billion raise from Saudi public wealth fund and stock offering

Lucid is raising $3 billion via a secondary stock offering, including about $1.8 billion from the Saudi fund that controls the automaker.

www.cnbc.com

So blaming short of cash for layoffs and slow production is not a good explanation.

Huh? Rivian has thousands of more employees and billions of dollars of more cash in hand. Lucid just got that $3B in the past couple of months and that's to help sustain their development through 2024. Again, fact check before posting...

 

[Bunnylebowski]

@Tâm why are you so negative on Lucid so much?

 

[blueice89]

Lucid just got addition cash:

EV maker Lucid announces $3 billion raise from Saudi public wealth fund and stock offering

Lucid is raising $3 billion via a secondary stock offering, including about $1.8 billion from the Saudi fund that controls the automaker.

www.cnbc.com

So blaming short of cash for layoffs and slow production is not a good explanation.

Rivian is a much bigger company look up employee head count

 

[blueice89]

Rivian is a much bigger company look up employee head count

14k employees Rivian
7.2k Lucid literally Rivian is 2x employees

 

[Bunnylebowski]

Rivian is a much bigger company look up employee head count

Not to mention the truck market is exponentially larger than luxury sedan market.

 

[Tâm]

@Tâm why are you so negative on Lucid so much?

When comparing with Rivian, the negative thing about Lucid is sales.

Rivian already has a safety fall back order from Amazon.

It has more sales.

More sales means more cash.

More cash from sales mean more production to meet demand.

Lucid just got cash infusion but that cash is not from car sales, not from the demand.

Rivian cash from sales is different from Lucid cash from rescuers.

 

[MorganB]

It might sound stupid to us, but there’s obviously some advantage to building a sedan first on any new platform, then adapting it to Crossover/SUV. It’s such common practice there has to be some wisdom in it.

My thought is that it's about platform development. Start with lower demand and work out the kinks and production issues of the platform then move to higher demand. The probably gain production efficiencies and are able to scale up to volume more rapidly on the second vehicle on the platform. I'm guessing that the smaller vehicle will have a modified platform compared to the Air so you would repeat the process of lower demand sedan followed by higher demand SUV.