That is all just data from their Production&Delivery press releases. Inventory = Production-Delivery. Days of Supply uses the industry standard calculation: Inventory/(Q deliveries/75)Where are you getting such granular and recent data?
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That is all just data from their Production&Delivery press releases. Inventory = Production-Delivery. Days of Supply uses the industry standard calculation: Inventory/(Q deliveries/75)Where are you getting such granular and recent data?
That is all just data from their Production&Delivery press releases. Inventory = Production-Delivery. Days of Supply uses the industry standard calculation: Inventory/(Q deliveries/75)
They will probably fail is my guess...yesterday’s technology wrapped in a poor attempt at luxury....who wants it ?....they need to transition away from cars and into car related technology such as AILucid reported Q1 2024 results, and they are not promising. Revenue of $172.7 million, 16% higher than a year ago. but loss per share was $0.30 (higher than estimates of $0.25) with adjusted EBITDA loss of $598.4 million.
Lucid appears to be stuck in a rut for over a year now, revenues are basically flat but so are the losses, they aren't noticeably improving.
Yeah, he essentially said they slowed down production because of demand issues. Then he said that of course they can't make money at low volumes, as they are setup for high volume. But I don't see any plan for increasing demand to get to high volume before they run out of money again, and again. (Maybe when, if?, they get to the point of making their Model 3/Y competitors.)Rawlinson made it sound like they can't sell cars because no one knows they exist. I think it's worse than that.
When you stuff $400k worth of tech in a car sold for $150k, of course the tech is going to feel amazing, for the price you pay.I also hope Lucid survives. Their drivetrain tech is quite impressive, and I like their hardware-forward approach to autonomy. (Once L4 is solved and available for licensing, I expect it will be considerably easier to back-port it to a 2021 Lucid than to a 2024 Tesla.) Their sales and gross margins are flat year-over-year, but with EV prices having dropped through the floor that's a considerable accomplishment, and better than most other EV startups. The EV market will eventually recover, prices will eventually swing the other direction, and Lucid's costs will continue to drop with economies of scale.
Gravity should have a significant market for people who want an upscale EV SUV without the quirkiness of a Model X. Hopefully it will be enough to tide them over a couple more years, until their midrange "$48-50k" platform is ready. Switching to NACS next year should help too. I'm potentially in the market for a Lucid Air but will probably wait for NACS before pulling the trigger. (NACS may be a non-issue in Saudi Arabia, so I'm not concerned if a large chunk of Lucid's 2024 sales come from there.) So, it's a huge upward climb for Lucid over the next several years, but I hope they make it, and I think they have a chance.
Lucid's marginal loss on each car is FAR smaller than $250k. That misleading figure comes from the fact that they're shelling out billions for a factory that can eventually build 400,000 cars a year (current capacity 30,000), but expect to only build 9,000 cars THIS year as they ramp up. As their production gets closer to their capacity, the average loss per car will decrease dramatically, and eventually become profit. (And FWIW, their current models start at $70k, not $150k.)When you stuff $400k worth of stuff in a car sold for $150k, of course the tech is going to feel amazing.
That's what people raving about this and RIVN and Ford Lightning and etc etc don't get. Tesla is fully capable of producing cars that will make these seem like a 1995 Civic, but they just choose not to, because the goal is to make money. Imagine RIVN having to sell the R1T for $300k or Ford Lightning selling for $150k. That's what they need to sell at to break even.
Hopefully no one buys a Lucid because they realize the company is going to go bankrupt. Anyone can sell a product for cheaper than it costs. Well almost anyone, Lucid can't even do that very well. At any rate, both Lucid and Rivian have shown zero meaningful progress towards selling cars at a profit, and the longer it goes on, the closer they get to bankruptcy.
Good point.Lucid's marginal loss on each car is FAR smaller than $250k. That misleading figure comes from the fact that they're shelling out billions for a factory that can eventually build 400,000 cars a year (current capacity 30,000), but expect to only build 9,000 cars THIS year as they ramp up. As their production gets closer to their capacity, the average loss per car will decrease dramatically, and eventually become profit. (And FWIW, their current models start at $70k, not $150k.)
Which components in their car exactly do you think are $400k expensive? (The cars are luxurious, but not made of solid gold!) Lucid has stated that the single most expensive component in the car (BoM-wise) is the battery, and their ~20% efficiency advantage over competitors allows them to use a smaller (thus cheaper) battery for a given range. Their Lidar unit evidently costs $1900; Lidar is no longer crazy expensive like it used to be. In any case, in a few years their midrange car(s) will be the vast majority of their sales and expenses, so that's the one to watch. Lucid is skating to where the puck is going to be.
Yeah whateverLucid's marginal loss on each car is FAR smaller than $250k. That misleading figure comes from the fact that they're shelling out billions for a factory that can eventually build 400,000 cars a year (current capacity 30,000), but expect to only build 9,000 cars THIS year as they ramp up. As their production gets closer to their capacity, the average loss per car will decrease dramatically, and eventually become profit. (And FWIW, their current models start at $70k, not $150k.)
Which components in their car exactly do you think are $400k expensive? (The cars are luxurious, but not made of solid gold!) Lucid has stated that the single most expensive component in the car (BoM-wise) is the battery, and their ~20% efficiency advantage over competitors allows them to use a smaller (thus cheaper) battery for a given range. Their Lidar unit evidently costs $1900; Lidar is no longer crazy expensive like it used to be. In any case, in a few years their midrange car(s) will be the vast majority of their sales and expenses, so that's the one to watch. Lucid is skating to where the puck is going to be.