Lucid seems to only offer summer tires on the 20" and 21".
I actually started to take the time to note down who reserved and when. We know Lucid does things by color batches, so if you look at the tracker, Zenith Red and Grey are the most popular colors (with many more grays on the tracker). However, when you look at the optioning, Zenith Red has more fully loaded, non black interior, non stealth cars on the tracker and Grey is second. If this is representative of the overall orders, we might expect Red and Grey to be the first two colors produced in the Touring run. But no guarantees there.
In part, it may both be due to wanting the best chance to get the car in 2022 for the tax credit. Stealth is expensive and delays to 2023. DDP is expensive, but may be useful later down the road, but without it, there will not be a $7500 tax credit. With DDP, there is a better chance to get the credit. Thus you could say it makes DDP potentially a 1500 option. But for sure your are saving 9-10K by not getting it.
speaking of the tax credit, I also signed the binding contract on 8/11 in hopes of locking the tax credit. Has it be confirmed that you have to take a delivery in 2022 in order to take the credit and if you do in 2023, it's out?
I initially was going to include Stealth on my Black / Tahoe AT, but when I got the chance to finalize my order I did not include the Stealth option. Obviously the look is not for everyone, but I was interested in it from the first day the $6K option was offered as I still haven't gotten used to the idea of all that platinum on the roof. After doing some research, I feel there are several excellent chrome blackout options available as part of a PPF installation that would look awesome at a cheaper price. The other reason was the obvious hope of getting the AT this year!
right... ok I realized I am hijacking the thread regarding tax credit issue, I will go read more on that.
I was told that the production order would now be determined by confirmation date vs. the reservation date. I haven’t seen any information on how the confirmation information dovetails with the colors to arrive at a production priority for those of us who have ordered the cars with the “approved” configurations. It sure would be nice to know - especially with the tax rebate still highly questionable after the end of the year. As an aside, I talked to a Lucid employee who was giving a test drive to one of my neighbors. He said that they were trying very hard to deliver all of the ”loaded” Tourings before the end of the year.
They have a backlog of 34k reservations. Max people will wait for probably 1 yr. That means they need to deliver 3k per month on average. 300 per week just does not cut it. No guidance given. Stock down 11% after results were announced.
Weird, did investors expect Lucid would suddenly have ramped up to 36k/year production rate when on October 12 they had already said 2282 produced in Q3?
You can never guess what they expect. However, there is a lot of competition. They need to hear that the backlog will be filled by the end of 23. They did not hear it. In 2024, lot more competition is coming from Hyundai ioniq 6, ioniq 7, GM Chevy equinox, Blazer, Fisker Ocean, Mercedes, BMW, polestar.....
Lucid only offers summer tires for the 20" and 21" wheels. I believe Michelin Pilot Sport All Season tires will fit the 20" rims if you're willing to swap them out aftermarket, and I don't know if there are any all seasons that fit the 21". Part of the reason there are so few options is that the Lucid is really heavy, so you also need tires that can support the added weight.
Someone in the SoCal area I think? It was mentioned that the launch event on 11/15 will deliver the first Touring in the Beverly Hills studio.
Certainly the longer it takes Lucid to deliver cars to the current reservations the greater the risk customers will decide to get a different car instead, but which of the upcoming competition is legitimately comparable to a Lucid though (serious question)? So far it seems the offerings from even the premium brands don't quite match up?
