I totally agree with you. All those things he mentioned, Lucid should already have done. They have not had a big updates since late last year. What could their software department be doing? There FSD is nothing - basically cruise control that keeps you centered and heard that has gone backwards. Glad they have CarPlay, but really you can’t even have it fit that little screen or display on the bottom screen? And know way to see music when using their Nav. That would really annoy me.Wow, Out of Spec Dave made a vid about why he just sold his Lucid, and this vid is very enlightening:
All of those issues are things I would not expect from a mid six-figure car. And that LAG on the interface, DAMN!
No wonder they are having issues selling their production.
Yes, it's pointless to just keep adding to inventory so they had to cut production. Lucid at this point has that "dead company walking" odor that drives buyers away. It's a vicious circle. Fans say the Saudis will keep pumping cash in forever, but 100% dependence on Saudi Arabia isn't the kind of marketing pitch that appeals to buyers, either.
That would probably be a good thing for Toyota or Lexus...but you'd still have the massive cost problem. What good is all that tech if almost nobody finds it affordable? I'm still convinced he let his rivalry with Musk cloud his business judgement. "Beat Tesla, regardless of cost" seemed to be the mantra...and that approach will probably end up deep-sixing them.
Yep, and it appears that NIO may be another one of their projects. (Maybe for if Lucid fails?)
www.forbes.com
The cost problems are due to massively over-ordering parts and supplies. Suppliers willingly spread their engineering and tooling costs over the entire order. $2 million of upfront costs spread over a multi-year order for 200k units is only $10 per unit. Add 2 bucks for actual material and labor for a total of $12/unit. But these are basically take or pay contracts. If you can only sell 20k cars you end up paying $102 per part. Multiply that by Elon's "10,000 parts" and you find yourself losing a fortune on every car you sell. Rivian has the same problem, just to a lesser extent.
finbold.com
That is great news! I wonder if all the mfg’s converting to NACS in 2025 will hurt EV sales in the short term? For example, when Lucid officially converts in 2025 will they now charger quicker using NACS, than the Lucid Airs before that?
Umm.. If they really want to "prudently align [production] with deliveries" they wouldn't be producing anything in Q4. Deliveries have never exceeded 2k, and they currently have almost 5k in inventory. (But maybe their inventory doesn't match what people are actually willing to buy, so they need to produce to match configurations with demand?)
They have 5,000 cars in inventory? That seems like a lot. If they do have that many, there are not many white ones in Grand Touring models. I have a Cosmos Silver GT on hold, but still conflicted on if I should proceed and sell my Model S.
