Interesting interview with Peter. Sounds like he plans to have a midsized vehicle with a 25kwh battery and a range of 150 miles for around $50k available around 2026. Goal of producing 1 million cars a year by 2030.
I think he's taking into consideration 20% annual inflation so in today's money that's $28k25 kWh/150 miles for $50k?? Who in their right mind would buy that?
2026? There will be nothing unique with that by then, as so many competitors will have something similar with a lot better range. Can’t believe he would actually say that, as nothing innovative about that statement or forward thinking. They are going to need a lot more than that to keep their company going and quicker. They can’t survive on selling Lucid Air’s, as there are only so many people that can afford them, especially as this space becomes more crowded.Interesting interview with Peter. Sounds like he plans to have a midsized vehicle with a 25kwh battery and a range of 150 miles for around $50k available around 2026. Goal of producing 1 million cars a year by 2030.
Their technology will be obsolete in 2-3 years. To survive they need to be an established brand like Porsche, BMW etc. and have efficient and cost-effective factories so they can make a profit.The 150mi range was based on having a better charging infrastructure, and was not actually his proposal for a new Lucid, just some number crunching. It was a very long and detailed explanation that you will miss if you just focus on the number without the context. In theory, a 150mi car would sense for a lot of people, but it will be a long time before we get there.
He did also talk about licensing the tech as part of the plan to grow. He’s hoping to use the first few cars to get the tech started/funded, then work on scaling. The fact that Lucid does everything in-house is a huge differentiator. Look at companies like Porsche and BMW and how the opposite plan is hurting them right now. If Lucid can survive the next 2-3 years, they can achieve some great things. What they have done in such a short time already is remarkable.
What technology and what is the basis for that? They are constantly developing their tech.Their technology will be obsolete in 2-3 years. To survive they need to be an established brand like Porsche, BMW etc. and have efficient and cost-effective factories so they can make a profit.
There are a lot of people developing motors and batteries. There is nothing that special about the technology that makes someone buy a Lucid if they like Mercedes or BMW or Audi. Yes, more power and range are good for high end cars, but Tesla sells a lot of Model 3 and Ys and Porsche sells Taycans.What technology and what is the basis for that? They are constantly developing their tech.
Tycans have terrible range for a higher sticker price. I know plenty of people who decided against one for that reason alone. For now, this is the market Lucid is intentionally competing in, and they are doing well on a number of levels. Something like half of the cars in the US are SUVs, so they are quickly moving towards capturing what they can of that market. Tesla definitely has the edge on autonomous driving, but a large part of the market does not care about these features and it will still be years before Tesla dreams of touching level 4/5.There are a lot of people developing motors and batteries. There is nothing that special about the technology that makes someone buy a Lucid if they like Mercedes or BMW or Audi. Yes, more power and range are good for high end cars, but Tesla sells a lot of Model 3 and Ys and Porsche sells Taycans.
You are missing my point. Lucid will survive and prosper not on just technology but being able to make cars and in quantity. I am not saying that they can't and hope that they do but saying they are very valuable just for their technology is a mistake, I think.Tycans have terrible range for a higher sticker price. I know plenty of people who decided against one for that reason alone. For now, this is the market Lucid is intentionally competing in, and they are doing well on a number of levels. Something like half of the cars in the US are SUVs, so they are quickly moving towards capturing what they can of that market. Tesla definitely has the edge on autonomous driving, but a large part of the market does not care about these features and it will still be years before Tesla dreams of touching level 4/5.
If you watch the video, you will hear the CEO talk about having the highest efficiency at this time, and continuing to perfect this as they go. Every car is obsolete the day it goes in service if you want to think about it that way because there's always something else in development. Tesla went through multiple models before they made Model 3 and Y, and that is the long term goal for Lucid. They aren't sitting on their hands now that their first line is moving into production. It may seem slow because we're thinking about it every day waiting for our cars to be delivered, but they have moved pretty fast, especially in the face of brutal supply chain issues.
No one is perfect, but for now they have good goals and some success. I hope it continues.
True, technology is only worth what people are willing to pay. Lucid has a lot of tech under its belt but if they can't sell, produce or license to anyone then the technology is worth $0. What dinosaur automaker is going to license Lucid's platform? none of them, because they think they can do it better.You are missing my point. Lucid will survive and prosper not on just technology but being able to make cars and in quantity. I am not saying that they can't and hope that they do but saying they are very valuable just for their technology is a mistake, I think.
In the video, he talks about licensing being part of the plan. He also notes they are now up to 300 cars per week and has plans to be at 1M cars/year by 2030. It’s going to be tough, but it’s part of the plan, not just making cool tech.True, technology is only worth what people are willing to pay. Lucid has a lot of tech under its belt but if they can't sell, produce or license to anyone then the technology is worth $0. What dinosaur automaker is going to license Lucid's platform? none of them, because they think they can do it better.
I view it more like tech that is hidden (motor, battery, wunderbox) has lower value than what can be seen similar to a very well built house has the differentiators hidden when compared to a tract home. The legacy companies don’t think they can do better, they know they can do it cheaper and that’s what matters to them. They just have to make the tech the consumer sees competitive. Most people don’t dive deep into the tech, hence people convinced their bolt should be using the 350 chargerTrue, technology is only worth what people are willing to pay. Lucid has a lot of tech under its belt but if they can't sell, produce or license to anyone then the technology is worth $0. What dinosaur automaker is going to license Lucid's platform? none of them, because they think they can do it better.
I would (one could argue if I qualify the OP's condition)25 kWh/150 miles for $50k?? Who in their right mind would buy that?
This is why I love Boulder so much. My wife and I get away with owning only one car, because for any travel around the city, my e-bike gets the job done just fine. Proper bike paths that keep you off the roads 90% of the time are worth their weight in gold. (Not to mention, it helps with my waistline.)I would (one could argue if I qualify the OP's condition)
= it would have to be as fun to drive as a 3-series bmw, which I am now using as my daily.
The Lucid fits my transportation plan as a GT car: long trips and limo duty for the aging parents.
I just need a small fun car for errands locally. 150 mi range with a charger in the garage suits me just fine.
A future electric / hydrogen powered world we'd look for very few GT cars and lots and lots of generic, short-hop cars available something like e-bikes in a city. I see taking a train for distance then getting in a "rental" EV for local sight-seeing. Lots of E-buses.
It was a huge mistake to tear-up the trolley tracks. We were on the right path ... capitalism killed it.
We can't continue this model where all 10 billion humans desire personal cars.