It is still a $40k up charge through the end of the month.
Q1 Earnings Call
- Thread starter mnewber1
- Start date
I'm not really surprised by the about 100 cars a month deliveries. I was happy to see they didn't further lower guidance and the 30K reservations should keep them busy for awhile. EPS loss was also better than expected so hopefully they are managing costs with this high inflation everyone is facing. Probably another reason for the price increases.
PS my DA emailed me for the 1st time today so I may just be overly excited
PS my DA emailed me for the 1st time today so I may just be overly excited
In case this got buried on another post, they're hiring for a second shift:
I think there will be a steep knee on the ramp up curve. The question is when it will happen.
I think there will be a steep knee on the ramp up curve. The question is when it will happen.
The fact that they blew through all of the November and December batches (except Grey and silver) with deliveries and those only amounted to 360 is telling. There really aren’t that many AGT orders.
Rawlinson said supply constraints were going to be an issue until AFTER Q2, didn't he? So I'm not totally shocked by the delivery numbers for this Q. But they will really need to ramp to get anywhere near their guidance. It'll be interesting to see how they address that on the call.
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My original DA back in February at the time mentioned that GT demand wasn't what was expected and thought they would get to the Touring's and Pure's more quickly which meant all would be coming out this year. From the get go I've always felt Lucid had a pricing problem compared to other luxury automakers and now with the price hike it could potentially make the situation worse.
Which I guess is why they are still predicting Touring to start getting vin numbers in the next month or two. I'd love to see the breakdown between models. I've always assumed the lion's share were Pure.
Whidbey_LucidGT
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Interesting! So my GT car door is stamped "Manufactured 2/2022", so by this statement I'm in the first 400 produced...?
Whidbey_LucidGT
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Here's some news out of the earnings deck ():
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Whidbey_LucidGT
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And they are still projecting 12-14k cars produced in 2022, even with the slow Q1 rate.
Yugi
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More cars on the road attracts more people. Hopefully by year end we will see more reservations.
I actually have not SEEN a Lucid on the road in San Diego yet.
mnewber1
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Yes, anything produced prior to February 28, 2022 is part of the first 400!
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Interesting the GT-P has "apparently" so much demand that they've slotted it in between GT Production and Touring Production. Would've been nice if they disclosed to the numbers for the GT-P
Also, for those listening to the investors call, someone needs to cut the BOA guy off
Also, for those listening to the investors call, someone needs to cut the BOA guy off
mnewber1
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Also, for those listening to the investors call, someone needs to cut the BOA guy off
We're sitting here like, why haven't they cut him off??
