My guess is their backlog shrank again in Q4 and their doing this in part to get ahead of the Feb earnings call on which they'll have to disclose the order book
Price now reduced by $7500
- Thread starter Sandvinsd
- Start date
Not a bad guess.
With one production line I think it is far more efficient (and they can build more cars) sticking with the glass roof for now. And this did get me to upgrade from a Pure to a Touring at the legacy pricing and with the $7500 it's not a huge increase in total cost and I get the glass roof. Probably more net profit for Lucid as well and they get to move some of those cars parked outside the factory. win-win
LucidTouringCL
Member
So Happy, my DA just called me and let me know about the tax Credit, he said I will see it as a credit on PA.
Yes you still get the rebate …They will send you an update PA with the $7500 coming off the bottom line
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100% this and I'd guess you're not the only one who upgraded from Pure to Touring today. What did you go with for your interior?
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Cut and paste from the Guidelines
1. BE KIND: Please be respectful and civil in your written “tone.” Act as you would in real life, or at least would like others to. Keep posts and comments focused on the subject and context of the thread or category. Avoid any personal attacks, name calling, or emotional outbursts.
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I find this interesting in the promo:
Must place order by no later than March 31, 2023 and take delivery by no later than April 30, 2023.
So that implies that with the configs on promo that there really isn't a backlog. Seems like they have run through most of the GT and Touring loaded config reservations. Seems like mostly Pure reservations and Touring with less option or metal roof are left on the books.
Must place order by no later than March 31, 2023 and take delivery by no later than April 30, 2023.
So that implies that with the configs on promo that there really isn't a backlog. Seems like they have run through most of the GT and Touring loaded config reservations. Seems like mostly Pure reservations and Touring with less option or metal roof are left on the books.
Since I have not taken delivery of my AT yet, I contacted my DA to inquire about the $7,500 rebate. My DA said I qualified for the rebate and will send over the new purchase agreement tomorrow.
ktloo_climate
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Wut
Halodde
Active Member
Guessing the metal roofs are excluded because they are not making any yet
My new updated PA pricing is now $94070 before TTL…….That’s for a base Touring with the glass roof and no SSPRO and no DDPRO…Man miracles do happen
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How many people have ordered a Lucid and had it delivered within 4 weeks? Not sure how that’s possible aside from in stock cars. It would seem this is more viable, but still not easy, for those placing orders shortly.
It will be very interesting now to see if they will add Pures on this discount. I was told by my DA that I may get my fully loaded Pure by March. If they don't offer the same discount on Pures... I would rather upgrade my order to Touring.My new updated PA pricing is now $94070 before TTL…….That’s for a base Touring with the glass roof and no SSPRO and no DDPRO…Man miracles do happen
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A bunch of folks didn't want to risk it so decided to take advantage of the $7,500 and upgraded. If you had your Pure at Legacy pricing, you'd get your Touring at Legacy too plus the $7,500 off and delivery by the end of March.
xponents
Active Member
Just a joke, the profile picture is the exact same
Ahh, you mean metal won't be deliverable before the cutoff for the price drop...didn't think of it that way, but it makes sense. (except that they might not cut off the 7500 when they claim)
But still an arbitrary outcome for someone who doesnt buy into the glass roof
My DA had mentioned metal roof option would start building towards the end of March, with April delivery, but with a number of people responding to this encouragement to change to glass roof, metal will likely get delayed to April or later, I'm guessing. But as I mentioned before, I think the exclusions from the "selected" models were based on earlier projected availability where people might have felt their config should have been a Q4/22 delivery and expected a tax credit. If Lucid had already told you that your options were a "later" delivery, then you would have given up on the $7500 tax credit. It does suck just as much as buying the appliance or something that was a bit pricey then finding a week later that there's now a discount because there's a newer model available. Or buying a stock at $20 and it drops to $15 the next week.
Halodde
Active Member
Yeah... I'm guessing the discount is to promote/sell/deliver the vehicles that the assembly lines are currently producing. They are set up to make the glass roofs right now. And, from manufacturing and financial standpoints, it makes sense to produce and sell as many as possible before they have to pause to switch the lines to produce the metal roof vehicles. This is especially true heading into the end of the quarter when they are going to have to report their sales to investors. They don't want to have to stop production to make the switch if they can avoid it. Just guessing of course
