We're Lucid's original production projections best-case?

[AIR.LUCID]

It seems that production projections had to be best-case numbers. Even revised estimates. They really thought there was a very good chance of hitting them?

 

[MPawelek]

If it wasn’t for Covid, huge manufacturing of parts delays, shipping delays, inflation and the screwy labor shortage Lucid would be a lot closer to their target. We live in unusual times.

Corporations always try to project positive figures to please their investors to keep stock prices up.

 

[joec]

It seems that production projections had to be best-case numbers. Even revised estimates. They really thought there was a very good chance of hitting them?

In January, when they made those projections? Entirely possible. A LOT has gone wrong since then.

What’s the sense of projecting doom and gloom? Stock price is based on what you say you’ll be doing six months, a year from now. As long as there’s a chance you’ll hit a target, you’ll probably be prone to believe you’re going to hit it.

If you project only a worst case scenario, what are the chances the team will be inspired to do better than that worst?

 

[AIR.LUCID]

If it wasn’t for Covid, huge manufacturing of parts delays, shipping delays, inflation and the screwy labor shortage Lucid would be a lot closer to their target. We live in unusual times.

Corporations always try to project positive figures to please their investors to keep stock prices up.

How does it go? Under promise and overdeliver.

 

[joec]

How does it go? Under promise and overdeliver.

Yeah, that’s terrible advice for the stock market. Your price will remain low the entire year, because you said your future was bleak, and then when you overdeliver, it will take a hit again, because you did something different than what you said you’d do. There’s zero confidence at that point you’ll beat estimates next time. It’ll just look like a fluke.

 

[AIR.LUCID]

If it wasn’t for Covid, huge manufacturing of parts delays, shipping delays, inflation and the screwy labor shortage Lucid would be a lot closer to their target. We live in unusual times.

Corporations always try to project positive figures to please their investors to keep stock prices up.

Did they plan for contingencies? The capacity to deliver the vehicles that were produced was lacking, and Uber provisions were made. Supplier quality assurance may not have been validated.