Will We Ever Actually See the Gravity?

[MJAir23TheGoat]

Tesla gets a SELL rating ahead of its earning call:

MSN

LCID and TSLA get crushed in the market last 45 days. Tsla was closing in on $500 share and all-time highs… and then boom $300 .Lucid maybe headed sub $2.00 in the next week. It’s rough times in the market.

 

[BS8899]

LCID and TSLA get crushed in the market last 45 days. Tsla was closing in on $500 share and all-time highs… and then boom $300 .Lucid maybe headed sub $2.00 in the next week. It’s rough times in the market.

TSLA is below $300 now.

 

[MJAir23TheGoat]

TSLA is below $300 now.

Down $33 for the day… will be an interesting closing bell in a few hours LCID down 7%.
Rough times in the segment

 

[RoninHard]

Lucid stated majority of showrooms will have Gravities available in the coming weeks on the earnings call. Now, the question is how many weeks will it actually take. Eagerly waiting for a chance to view the Gravity in person.

On another note, they completely side stepped all questions related to production numbers and number of reservations. They gave a number of 20,000 vehicles this year, so that would indicate they only plan on building 10-11,000 Gravities if they build/sell around the same number of Airs.

 

[Tâm]

I don't think anyone is complaining about a methodical managed ramp. But, what is the plan? Lucid is not communicating anything.
Can the reservation holders expect their cars in Q1'25? Q3'25? Q1'26?

In the earnings report: the ramp up start in the second half of 2025. Don't expect a quick ramp up. Do expect that the production won't be kept up with the demand this year.

 

[Batteryman]

I'm getting concerned that the Gravity is becoming Tesla's Model 3. Remember, it almost bankrupted Tesla. I'm starting to worry that the same is happening at Lucid, but they don't have nearly the funds on hand to get through this that Tesla had. I honestly don't think the Gravity will ever go into production.

Lots of new EV makers have been close in the last few years, but ultimately couldn't make it. I hope lucid can find a way to avoid that happening to them.

They did say slow production for the initial 6 months, don’t rush then, you may get cars with bad quality. If Gravity has issues, it’s the end of the company. Gravity needs to be perfect.

 

[Adnillien]

On another note, they completely side stepped all questions related to production numbers and number of reservations. They gave a number of 20,000 vehicles this year, so that would indicate they only plan on building 10-11,000 Gravities if they build/sell around the same number of Airs.

Air production will likely grow to around 12k this year meaning planned Gravity production is only around 8k.

 

[BS8899]

Air production will likely grow to around 12k this year meaning planned Gravity production is only around 8k.

If Lucid were to move 12kU of Air this year, I suspect the vast majority (90%+) will be "sweet-heart lease deals". At the same time, some of the earlier lease deals will be returned in 2025. I have no clue about how returned leases affect Lucid's financials. I suppose it will also erode the resale value of existing Airs? How does that help to sell Gravity?

I have a hard time seeing how the math works!

 

[hmp10]

At the same time, some of the earlier lease deals will be returned in 2025. I have no clue about how returned leases affect Lucid's financials. I suppose it will also erode the resale value of existing Airs? How does that help to sell Gravity?

For some time the internet comments on Lucid have been filled with people who couldn't afford new Airs hoping to get one at heavily-depreciated used prices. Getting more people driving the brand will accelerate brand awareness. That will, in turn, make Lucid a more visible player in the marketplace and perhaps get more SUV shoppers interested in looking at the Gravity.

People who will buy used Airs aren't likely potential buyers of new Gravities in the first place.

 

[Electrified]

I'm getting concerned that the Gravity is becoming Tesla's Model 3. Remember, it almost bankrupted Tesla. I'm starting to worry that the same is happening at Lucid, but they don't have nearly the funds on hand to get through this that Tesla had. I honestly don't think the Gravity will ever go into production.

Lots of new EV makers have been close in the last few years, but ultimately couldn't make it. I hope lucid can find a way to avoid that happening to them.

Saudi PIF isn't going BK anytime soon.

 

[BS8899]

For some time the internet comments on Lucid have been filled with people who couldn't afford new Airs hoping to get one at heavily-depreciated used prices. Getting more people driving the brand will accelerate brand awareness. That will, in turn, make Lucid a more visible player in the marketplace and perhaps get more SUV shoppers interested in looking at the Gravity.

People who will buy used Airs aren't likely potential buyers of new Gravities in the first place.

the 20kU 2025 production number seems a big bubble to me. Big bubble in term of inventory, devaluation of the Air, maturing leases, and a trickle of Gravity.

I am not saying these things because I've done the $ analyses. As a matter of fact, I don't know how to model Lucid's 2025 financials. But it scares me!

 

[hmp10]

the 20kU 2025 production number seems a big bubble to me. Big bubble in term of inventory, devaluation of the Air, maturing leases, and a trickle of Gravity.

I am not saying these things because I've done the $ analyses. As a matter of fact, I don't know how to model Lucid's 2025 financials. But it scares me!

These numbers will include European and Middle Eastern sales as well. Not only is Lucid expanding its sales and service locations in those regions, but buying patterns are changing, especially in Europe.

In the EU larger vehicles are getting more popular. Car widths have been growing an average of 1 cm every two years since 2001. Large luxury SUVs are getting more popular, with SUV sales now accounting for 60% of car sales in the UK and similar sales growth on the continent.

Also, Tesla's market share in Europe is plummeting even as EV growth continues there, opening up new opportunities for Lucid.

 

[Batteryman]

the 20kU 2025 production number seems a big bubble to me. Big bubble in term of inventory, devaluation of the Air, maturing leases, and a trickle of Gravity.

I am not saying these things because I've done the $ analyses. As a matter of fact, I don't know how to model Lucid's 2025 financials. But it scares me!

Scared? Of what? Doubling sakes? Your thought process doesn’t make sense to me

 

[BS8899]

These numbers will include European and Middle Eastern sales as well. Not only is Lucid expanding its sales and service locations in those regions, but buying patterns are changing, especially in Europe.

In the EU larger vehicles are getting more popular. Car widths have been growing an average of 1 cm every two years since 2001. Large luxury SUVs are getting more popular, with SUV sales now accounting for 60% of car sales in the UK and similar sales growth on the continent.

Also, Tesla's market share in Europe is plummeting even as EV growth continues there, opening up new opportunities for Lucid.

If EMEA is the growth market for Lucid, they better beef up the service network.

 

[BS8899]

Scared? Of what? Doubling sakes? Your thought process doesn’t make sense to me

Scared? Of what? Doubling sakes? Your thought process doesn’t make sense to me

To realize the 20kU, Lucid has to sell 30-40% more Airs (than in 2024)and successfully introduce and sell 6kU plus of the Gravity in 2025.

It is now end of February...no Gravity yet!

 

[hmp10]

If EMEA is the growth market for Lucid, they better beef up the service network.

In terms of geographic density, the regions in Europe where Lucid sells cars are better covered by the service network than in the U.S. (The gray dots are Mobile Service hubs.)

 

[EVCar]

Was told by a Lucid personnel back in December Gravity delivery should be full stream by the summer.

 

[navman]

I have a working office near LUCID offices in Newark, CA, I have seen a few Gravity's around being used by staff