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All discussion of Lucid Motors
- Thread starter Right_Said_Fred
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mltv
Member
Wow. Sapphire is in the Tesla Roadster price range $249,000. Performance is also comparable
finance.yahoo.com
Introducing Sapphire: The Pinnacle of Electric Performance
Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today introduced Sapphire, Lucid's new ultra-high-performance brand, led by the new Lucid Air Sapphire – the world's first fully electric...
Wow. Sapphire is in the Tesla Roadster price range $249,000. Performance is also comparable
Introducing Sapphire: The Pinnacle of Electric Performance
Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today introduced Sapphire, Lucid's new ultra-high-performance brand, led by the new Lucid Air Sapphire – the world's first fully electric...
The roadster is supposed to have a top speed of 250mph+, 600+ miles of range and 0-60 in the low 1's with the SpaceX package. They need to bump up the acceleration in the base Roadster:
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mltv
Member
This model doesn’t matter much unless they can convert the 100k Saudi orders into this model.
Range test of the Lucid Air GT. The EPA specs for this configuration is 516 miles, but they were only able to get 435 miles on the freeway at ~70 MPH. (Which is a reasonable result.)
It differs significantly from a test that someone else did on a Lucid Air Dream Edition Range where they got ~500 miles while the EPA spec was 520 miles. (Of course that car was provided, and prepped, by Lucid for that person to test it.) They discuss that in this video:
Did Lucid provide a "ringer" for that test?
It differs significantly from a test that someone else did on a Lucid Air Dream Edition Range where they got ~500 miles while the EPA spec was 520 miles. (Of course that car was provided, and prepped, by Lucid for that person to test it.) They discuss that in this video:
Did Lucid provide a "ringer" for that test?
I was startled, as when I read that I had already forgotten I just went to the Lucid thread.
Because it makes it appear that Lucid provided a "ringer" to get favorable test results so that they could get a lot of good publicity about their amazing range, and pretty much matching the EPA rating even on the highway.
But in an fully independent test, the results weren't so good, only ~84% of EPA rated range. (The Lucid Air GT reported 250Wh/mile.) Where the test of the Dream Edition Range version they arrange managed ~96% of EPA rated range.
Out of Spec Motoring just released their 70 MPH range test for the Model S Plaid: (Same test procedure they used for the Lucid Air GT.)
It managed 365 of 396 miles or ~92% of the rated EPA range. (It reported 263Wh/mile.)
So the Plaid, with ~15% less battery capacity, went 84% as far. So very little difference in efficiency despite Lucid's claims of being significantly more efficient.
Interestingly that in the Lucid they only got 109kWh out of the stated 113kWh battery, while they got 96kWh out of the ~96kWh battery in the Tesla.
Last edited:
RobStark
Well-Known Member
Edmunds got 505 miles from the Air Dream they purchased from Lucid.
Not a specific car loaned to them for a range test.
We should look at all the range test together.
Any one test can be anomaly.
Not a specific car loaned to them for a range test.
We should look at all the range test together.
Any one test can be anomaly.
RobStark
Well-Known Member
Spoiler: The dire warning is that Rivian and Lucid are trending towards bankruptcy. This video does a good job showing how that is very likely for Lucid.
Lucid might get bailed out by their Saudi investment partners, but even if that does happen, it likely won’t do the current stockholders much good, as it’ll be an emergency cram down kind of thing the way Lucid is going.
I found it illuminating and interesting that Tesla had positive gross margins even during the 2011, 2012 Model S ramp whereas Lucid is massively negative.
RobStark
Well-Known Member
Tesla required regular capital raises for roughly a decade after they sold their first car.
Lucid will likely need similar infusions of capital.
I doubt Lucid goes into actual bankruptcy any time soon, therefore new funding from PiF does current stockholders actual good.
PiF wants Lucid to succeed they are not going to wait til the fire is burning down the Lucid house to provide needed funding. PiF knows this would cause massive cancellation orders and make it much more difficult for Lucid to succeed.
Lucid will likely need similar infusions of capital.
I doubt Lucid goes into actual bankruptcy any time soon, therefore new funding from PiF does current stockholders actual good.
PiF wants Lucid to succeed they are not going to wait til the fire is burning down the Lucid house to provide needed funding. PiF knows this would cause massive cancellation orders and make it much more difficult for Lucid to succeed.
The difference is that Tesla showed that they could make cars profitably, so people would give them more money. Lucid hasn't shown that they can do anything but lose money on the cars they sell. That will make it harder to raise capital.
Knightshade
Well-Known Member
Yup- ditto Rivian.
Tesla had positive gross auto margins since like 6 months into original Model S production (maybe sooner, too lazy to go back and look)... getting money to scale meant LESS future loss and eventual profit.
Lucid and Rivian have negative auto margins- the more they scale the more they lose. Not a great strategy.
That Lucid video above actually shows that Tesla had positive gross margins end of 2011, and then also during the last two quarters in 2012 when they were first selling the Model S. It is kind of funny in that Elon is the CEO with the reputation of being wild and out of control, yet Tesla has always been very careful with its cash and not expanding too quickly. For instance, Tesla didn’t try to build a new factory soon after initial Model S ramp, which is what both Rivian and Lucid are supposedly doing.
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