If Mercedes is starting to roll out level 3 driving with the same technology, I don’t see that Lucid is too far away from significantly improving L2 driving if it is a priority. I don’t think the market really cares about L3 at this point, but some day it will.
I wasn't aware that Benz uses the same Nvidia ADAS suite. Ironically, I'm eating eggs for lunch.
The 45k is US sales only. I'm guessing Lucid was planning on global sales by 2023. The luxury car market in China is huge and Europe is probably on par with the US considering they prefer sedans over SUVs.
No, but this is probably the 5th post in this thread alone with the same sentiment. It's not going to change anything and is not contributing to the discussion either.
Do you mean compete with Rivian? I sure hope so because I think they will do very well competing at that price point. Rivian’s wait list for an R1S is measured in years. I waited several years for mine.
Not expecting it to be the next Tesla, at least show some decent numbers. You need to show progress, irrespective of what other manufactureres numbers are. Peter said 49k production in 2023! They are struggling to make 10k. All I see is complacency. If Peter cannot pull a rabbit out of a bag at the earnings report, this company is toast!
So, why the projected 49k production would decrease to an actual number of 10k?
I don’t think they are the outlier. BMW is doing the same as Mercedes with their IX. Any high dollar EV is getting to be a harder sell now. I think a lot of people that wanted higher dollar EV’s have gotten them and now it is convincing the rest of the public to convert, which will probably be unlikely with the cost of EV’s in this segment, high interest rates if taking a loan and also the charging horror stories most of the American public hears about.
Here are the RI2 sales figures for 2023. I would not expect Lucid to sell many more than Rivian. Limited market of $100K+ cars/SUVs.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 267 | 256 | 277 |
| 2023 | 74 | 71 | 80 | 2,063 | 1,984 | 2,063 | 3,526 | 3,808 | 3,667 | 0 | 0 | 0 |
Well, lucid is offering 4.99% so I dont believe its the interest rates. Its a vicious circle- low sales, scares people about bankruptcy, leading to low sales. To break it you need to change something. In Lucid's case, I believe they need to bring out the smaller car now, not in 3 years. Or maybe a really cheap version of the Pure. I know some people feel Lucid is luxury, they shouldn't stoop that low etc...but look at the writing on the wall. Do you want the company to continue to burn cash and fail or would you rather have a pivot to volume and survive. Initially, Peter had the right approach. But when things got tough, he stuck with his masterplan. That, is a big mistake, unless miraculously a lot of AIr Pures get sold. I don't see that happening.
I was more referring to the amount of reservations, but yes, that is true.
