That's the stat that really matters to me. As far as I understand things production isn't the bottleneck so I'd like to know the deliveries to get an idea whats up.
Yeah, that won't last. Always happens after every call. Gravity announcement should pick things back up.
Did you look at their balance sheet? $800M in inventory. That's a lot of unsold and undelivered cars. I agree, production numbers matter when you're actively selling cars to meet demand. Delivery and sales numbers matter more if you're sitting on huge inventory.
Lucid's proving they are a tech forward company and that's what they've always said. Rivian is just a car company, who used off the shelf parts to make an appealing package. Two different companies going after different things.
I am curious how many undelivered cars they have then? That seems like a lot, which means they might even get more aggressive on incentives or leases.
My guess would be 5600 or more cars. I'm just taking 30% of the inventory might be parts and supplies, but this purely a guess. Decreasing production makes sense if they aren't moving inventory of finished cars hence all the price discounts, deals, and lease offers on current inventory of cars the past two months.
I really like Lucid however, I have never heard of anyone referring to them as a tech company.
Lucid Group vs Rivian Automotive. Lucid has always had in their plans, cars, licensing, and battery storage systems. That's a tech company not a car company
I believe that a portion of that is the cars that were shipped to Saudi Arabia for completion and sale in that country.
