All discussion of Lucid Motors

[uujjj2]

Rivian's financials on the other hand, not gonna be so good. The Rivian trucks have a lot of hardware. I bet the $69000 Rivian actually costs more to build than the $169000 Lucid. And Rivian has twice the headcount as Lucid, so their OPEX will be much higher too.

I mean, I'll probably buy some Rivian shares when it IPOs, but I'm not nearly as bullish (short term) on Rivian as I am on Lucid.

 

[Mengy]

Here is a nice video of people taking delivery of their new Lucid's this weekend:

I hope the cars are as good as they seem to be, because we need more successful EV companies than just Tesla.

 

[mltv]

Electric vehicle maker Rivian seeks to raise $8.4 billion in IPO

Electric vehicle startup Rivian hopes to raise up $8.4 billion in its initial public offering, according to a regulatory filing posted Monday. The company, which is backed by Amazon, said in the filing that it plans to offer 135 million shares at a price between $57 and $62. If underwriters...

finance.yahoo.com

According to this article Rivian IPO at $60B valuation. Same as current LCID market cap now.

 

[RobStark]

Lucid Air at a Cars & Coffee.

 

[juanmedina]

 

[RobStark]

Lucid has Q3 Earnings Call today after market close.

Investor Relations | Lucid Group, Inc.

The Investor Relations website contains information about Lucid Group, Inc. 's business for stockholders, potential investors, and financial analysts.

ir.lucidmotors.com

 

[RobStark]

Lucid ended Q3 with $4.8B in cash.
Lucid has increased reservations from 13k+ to 17k+
Lucid has broken ground on increasing capacity from 34k units to 90k units. The 56k unit increase is apparently for Gravity SUV whose Job 1 is late 2023.
Lucid remains confident it can achieve 20k units in 2022. Doesn't specify production or delivery.
Lucid says launch event was for 150 customers. Didn't say it delivered 150 vehicles at event.

Lucid Announces Third Quarter 2021 Financial Results and Lucid Air Wins 2022 MotorTrend Car of the Year | Lucid Group, Inc.

- Lucid Air today won the 2022 MotorTrend Car of the Year - Customer reservations rose to 13,000 in Q3, reflecting an order book of approximately $1.3B, and have since increased beyond 17,000 - Customer vehicle production started in Q3 at Lucid's Advanced Manufacturing Plant ("AMP-1") in Casa

ir.lucidmotors.com

 

[Doggydogworld]

Lucid ended Q3 with $4.8B in cash.

They lose about 500m per quarter, implying 2 years of runway. About half their loss is non-cash, though, which helps. On the flip side they also need cash for capex, inventory, etc.. None of this is an issue with a 50b market cap, but that can change overnight.

Lucid says launch event was for 150 customers. Didn't say it delivered 150 vehicles at event.

The 150 might include media, big investors and analysts. Can be read either way. The "parade" was close to 20 cars. Maybe some drove around and went through a second time, haha.

 

[RobStark]

They lose about 500m per quarter, implying 2 years of runway. About half their loss is non-cash, though, which helps. On the flip side they also need cash for capex, inventory, etc.. None of this is an issue with a 50b market cap, but that can change overnight.

The 150 might include media, big investors and analysts. Can be read either way. The "parade" was close to 20 cars. Maybe some drove around and went through a second time, haha.

As of today Lucid is a $90B cap company, but yeah that can change in a flash.

Like Tesla, they will be back to the capital markets several times over their first decade of production.

Unless members of media, investors and analyst put a reservation or order for an Air then they are not "customers."

 

[juanmedina]

another video from MotorTrend :

 

[mltv]

https://twitter.com/x/status/1461046942327267330

 

[juanmedina]

https://twitter.com/x/status/1461046942327267330

Human craftsmanship can be terrible. Look at McLaren's and Lamborghinis they are build really bad.

 

[RobStark]

Human craftsmanship can be terrible. Look at McLaren's and Lamborghinis they are build really bad.

Low volume boutique cars never have the investment necessary to have tolerances as tight as a Corolla.

Toyota Production System is maximum human assembly.

Then replace with robots slowly over time.

 

[RobStark]

 

[RobStark]

Tom did his insideevs podcast this morning. Talked about fast charging an Air Dream Range.

Reached peak 303 kW for a little bit.

Charged 100 miles in 5 minutes.

Charged 300 miles in 21 minutes.

 

[wws]

Tom did his insideevs podcast this morning. Talked about fast charging an Air Dream Range.

Reached peak 303 kW for a little bit.

Charged 100 miles in 5 minutes.

Charged 300 miles in 21 minutes.

A contender for the next Cannonball record?

 

[juanmedina]

Tom did his insideevs podcast this morning. Talked about fast charging an Air Dream Range.

Reached peak 303 kW for a little bit.

Charged 100 miles in 5 minutes.

Charged 300 miles in 21 minutes.

For reference using Kyle's video the Plaid after 21 minutes the Plaid is at 63% SOC which in my Plaid with 19" wheels is an estimated range of 252 miles. I assume the long range will read higher since it has a slightly larger battery. Is there a final confirmation of how big the Lucid battery pack actually is?

 

[RobStark]

For reference using Kyle's video the Plaid after 21 minutes the Plaid is at 63% SOC which in my Plaid with 19" wheels is an estimated range of 252 miles. I assume the long range will read higher since it has a slightly larger battery. Is there a final confirmation of how big the Lucid battery pack actually is?

No, Dream editions are 118 kWh useable.

GT editions are 112 kWh useable.

There have been what appears to be official specs with above and the numbers have been confirmed by Tom with Lucid engineers.

After real world date is collected peak may rise to 320kW-340kW.

 

[RobStark]

Non-employee owners are starting to write reviews and post pictures.

4 foot table for reference

 

[RobStark]

I used car dealership in Nebraska that specializes mostly in used Teslas but also other premium BEVs took deliver of a Lucid Air Dream Performance.

They let a BEV Youtubber review it. They are also trying to flip it for $230k.