Test drive before 2H25.....maybe?

[californiaboy935]

There is a good chance that this may happen next week.

I imagine the stock price will tumble… unless the lot is completely full.

 

[Blue Lectroid]

If you look back at the Air release and subsequent reservation numbers, I'd say it wasn't much ado about nothing. Air had over 35,000 reservations which they could not convert the majority of those to actual deliveries because of delays.

While, I agree that the car needs to mostly functioning in order to deliver, there is not an infinite period of time to delay. I'm sure no one wants a repeat of what happened with the Pure release....

There were a lot of contributing factors at that time…including the fact that it was a completely new company with no product on the roads and the delays were appreciably longer. Let’s keep this in perspective…orders opened four months ago, not two years ago. People’s ability to wait is more what seems to be changing and that MAY hurt Lucid, true. There are those that are in a rush and will settle for an inferior vehicle and/or need a vehicle soon and Lucid may lose them as customers in the short term, but there are a huge number of other buyers to be had when the car DOES ship.

If everyone’s fears about evaporating customers are so reality based, why is Lucid selling more Airs NOW than they did 3 years ago? Surely it’s not because they have fewer potential customers. And those initial 35,000 preorders? Preorders are always hugely over-inflated.

Respectfully, we disagree. I maintain that there is an echo chamber here of folks who want their Gravity and are having trouble dealing with the wait (potentially for completely legit reasons!), but let’s not paint a scenario for the demise of Lucid because it takes an extra several months to ramp up production. To me, that is just hyperbole.

Lucid said this would be a slow ramp with deliveries starting in earnest between now and Summer and seriously ramping up toward year-end. That’s what we’ve been told, do they really need to reassure of this every two weeks?

 

[hydbob]

There were a lot of contributing factors at that time…including the fact that it was a completely new company with no product on the roads and the delays were appreciably longer. Let’s keep this in perspective…orders opened four months ago, not two years ago. People’s ability to wait is more what seems to be changing and that MAY hurt Lucid, true. There are those that are in a rush and will settle for an inferior vehicle and/or need a vehicle soon and Lucid may lose them as customers in the short term, but there are a huge number of other buyers to be had when the car DOES ship.

If everyone’s fears about evaporating customers are so reality based, why is Lucid selling more Airs NOW than they did 3 years ago? Surely it’s not because they have fewer potential customers. And those initial 35,000 preorders? Preorders are always hugely over-inflated.

Respectfully, we disagree. I maintain that there is an echo chamber here of folks who want their Gravity and are having trouble dealing with the wait (potentially for completely legit reasons!), but let’s not paint a scenario for the demise of Lucid because it takes an extra several months to ramp up production. To me, that is just hyperbole.

Lucid said this would be a slow ramp with deliveries starting in earnest between now and Summer and seriously ramping up toward year-end. That’s what we’ve been told, do they really need to reassure of this every two weeks?

Perspective: Lucid has already delayed Gravity by over a year from their initial announcement of Gravity.
Perspective: Lucid said ORDERS not reservations because they expected to deliver within 90 days.

I don't think it's so much an echo chamber so much as customers expecting Lucid to live up to what they said.

 

[borski]

If you look back at the Air release and subsequent reservation numbers, I'd say it wasn't much ado about nothing. Air had over 35,000 reservations which they could not convert the majority of those to actual deliveries because of delays.

Yes, but many of those reservations had been held for multiple *years*, and in that time the pricing had changed, the specs had changed, there was a pandemic, etc.

These will be held for what, 6-9 months at the maximum before deliveries are happening? Not exactly the same timeline as 2-3 years.

Your point is fair; it’s just not apples to apples.

 

[hydbob]

Yes, but many of those reservations had been held for multiple *years*, and in that time the pricing had changed, the specs had changed, there was a pandemic, etc.

These will be held for what, 6-9 months at the maximum before deliveries are happening? Not exactly the same timeline as 2-3 years.

Your point is fair; it’s just not apples to apples.

Possibly, no one can predict the future, I'm just waxing on about how I hope they don't repeat the past. No more pandemic excuses this time around, but will the trade wars be used as an excuse for further delay? Time will tell

 

[hmp10]

I imagine the stock price will tumble… unless the lot is completely full.

Oh, well, even a 20% crash would only erase ~20 cents off the price. Silver linings, silver linings . . . .