ralsagoff
Member
- Joined
- Jan 26, 2022
- Messages
- 26
- Reaction score
- 20
- Cars
- Tesla Model S
While Lucid announces a new Sapphire model, it struggles to complete the GT orders and has yet to begin production of the Touring model. My order from 2021 remains just that. Meanwhile they are running out of cash and are trying to raise additional capital. It looks like the Saudis are not going to invest additional capital. Software issues continue to be a problem. Lucid has reduced projected 2022 output to 6k to 7k cars. In Q1 they produced 700 cars and delivered 360 to customers. It does not give any confidence that they will ever get to the Air production in 2023. So it’s time to hedge your bets by looking at the legacy car manufacturers that are really catching up on manufacturing EV cars. They have deep pockets and proven quality and technology. Sober up and get over your love affair with Lucid!