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All discussion of Lucid Motors
- Thread starter Right_Said_Fred
- Start date
Doggydogworld
Active Member
Great comment overall, but I had to laugh at this part remembering the garbage companies that "passed muster" and did traditional IPOs at the tail end of the dotcom bubble.
Traditional IPO requres jumping through a bunch of disclosure of audit hoops, but neither process requires the company itself have any value whatsoever.
uujjj2
Member
The decision on when to ship a product is a business decision, not a technical decision. It's impossible to fix all the bugs and ship in a reasonable timeframe. It's a question of how many bugs are ok.
If finances are tight, that threshold level of bugs tends to go up. If finances are abundant, competition is far behind, and your reputation is on the line, the threshold level of bugs goes down.
This is where last minute delays come from. Management thinks the current level of bugs is ok, but then early access customers/investors/regulators push back.
If finances are tight, that threshold level of bugs tends to go up. If finances are abundant, competition is far behind, and your reputation is on the line, the threshold level of bugs goes down.
This is where last minute delays come from. Management thinks the current level of bugs is ok, but then early access customers/investors/regulators push back.
uujjj2
Member
Elon, at least in the early days, had a pretty high bug threshold. Here's the ugly truth: You can fix bugs faster if you're shipping lots of units to customers than if you just have a few dozen units in house. Customers are great at finding bugs! So to reach some X threshold of bug-free-ness, you can get there faster if you ship prematurely and let your customers find all the bugs. And you can get away with this if you're developing some really radical technology and marketing it only to early adopter customers.
I worked at a machine learning chip startup, one with some pretty radical technology, and the CEO explained the sort of customers you wanted for the first batch and which customers were a no-no. As he explained it, you want customers that aren't in a time crunch. They want your product for bragging rights but they don't really need it to make next month's payroll. Universities and national labs are the best. Then researchy companies like OpenAI. Big Japanese companies? Automakers? Yeah, they can wait for gen 2.
So here's the deal with early Tesla versus Lucid. Early Tesla was selling cars mostly to techies here in California. Lucid is marketing "true luxury" to Saudi royals. You can see how the bug threshold is going to be a lot different.
I worked at a machine learning chip startup, one with some pretty radical technology, and the CEO explained the sort of customers you wanted for the first batch and which customers were a no-no. As he explained it, you want customers that aren't in a time crunch. They want your product for bragging rights but they don't really need it to make next month's payroll. Universities and national labs are the best. Then researchy companies like OpenAI. Big Japanese companies? Automakers? Yeah, they can wait for gen 2.
So here's the deal with early Tesla versus Lucid. Early Tesla was selling cars mostly to techies here in California. Lucid is marketing "true luxury" to Saudi royals. You can see how the bug threshold is going to be a lot different.
RobStark
Well-Known Member
So all the members of the House of Saud live in the USA and reserved 3 Airs each?
The decision to ship a software product is a business decision. (I've been in that business.)
Shipping a vehicle isn't that kind of decision. If you don't have a way to build the product, or you don't have parts, you aren't shipping the product.
Tes La Ferrari
Active Member
TheTalkingMule
Distributed Energy Enthusiast
This article seems to imply investors simply don't understand SPACs enough, but that investors should very happy with CCIV. I see no clarifying details at all.
Looks like essentially reverse FUD.
mltv
Member
I think it is tough to build a factory outside of Detroit. I believe that the Lordstown, Rivian getting some help from Detroit automakers go along way and will be deliver ahead of Lucid. Fisker do not even try. It is hard to do what Tesla does.
Doggydogworld
Active Member
Lucid plans to use the parts and supply infrastructure that has built up in northern Mexico the past couple decades. Peter Hochholdinger started up the Audi plant in San José Chiapa before joining Tesla, so he presumably knows about sourcing parts in Mexico. Though the Audi plant isn't in the north, and is actually almost as far from Arizona as Detroit.
What surprised me a bit is Lucid won't stamp their own body panels to start out. I don't know who does that for them.
uujjj2
Member
Tesla's arrangement of stamping on-site is actually unusual, inherited from NUMMI, at least according to the tour guide at the Fremont plant. Most traditional automaker assembly plants don't have on-site stamping.
Tes La Ferrari
Active Member
Anyone know when the official merger date is ?
and what the new ticker for CCIV will be ?
LUCD would be ideal.
and what the new ticker for CCIV will be ?
LUCD would be ideal.
I can guess a reason for that.
NUMMI was a tariff avoidance scheme, errmm, optimization. 'Knock-down' assembly plants avoid tariffs by importing a whole vehicle as parts, and assemble them locally. That wasn't a high enough percent content to avoid the tariff here. So the high-value components, engines and electronics, were imported. Large and heavy-for-their-value parts were fabricated locally.
mltv
Member
I assume that building own stamping is capital intensive for low volume manufacturing. Probably wise for them to invest in stamping at a later date or for higher volume vehicle.
RobStark
Well-Known Member
It will be LCID. The deal is expected to close by the end of June 21.
Lucid Motors Is Going Public: A First Look at a Huge EV Deal | The Motley Fool
uujjj2
Member
Indeed. Stamping presses are really expensive, unless it's 2009 and you can get them almost for free from a recently shuttered car factory. But a single press line can produce stampings for hundreds of thousands of vehicles.
Tes La Ferrari
Active Member
Lucid Motors CEO takes Air out for public test drive without camo
Lucid Motor's CEO Peter Rawlinson recently took a release candidate Air out for a test drive to evaluate its dynamics before production.
electrek.co
Video of Rawlinson driving an uncamoflaged pre-production Air.
if you pause the video, you can get a look at the interior.
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