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All discussion of Lucid Motors
- Thread starter Right_Said_Fred
- Start date
bkp_duke
Well-Known Member
Is that accurate?
I stand corrected. I must have read that on Reddit and not double-checked. Here is a factual article, although I still consider the number not impressive (Tesla sells more S's in 6 weeks):
Lucid delays production Air EV to second half of 2021 on just 7,500 pre-orders - Drive Tesla Canada
Lucid Air Reservations Top Half A Billion Dollars
mltv
Member
Not buying CCIV anytime soon since I can get XPEV for much cheaper. Lucid is in a tougher market than XPEV and the market cap is 45B vs 27.6B. I do think Lucid has better drive train.
RobStark
Well-Known Member
Lucid Master Plan includes competitors to S3XY plus Cybertruck.
Yep, Everybody has a plan. Until they get punched in the Mouth.
mltv
Member
I think they are being a bit disingenuous in their presentations. The compare their future tech with Tesla’s old tech. Imo they should compare it to compare it to Tesla’s lastest tech.
The main reason they get decent performance is that the car is much smaller than Model S. When they are finally ramping it to meaningful volumes the performance will not look that great anymore.
What Tesla did was hard. And Tesla was lucky that they didn’t have any meaningful competition during the process. It will be so much harder to replicate what Tesla did with Tesla@2022-2030 as competition.
The closer the company is to becoming a public company, the more candid they must become.
Normally the IPO process requires the company to undergo an audit and reveal accurate information and risk factors in the prospectus, easing them into the requirements of being a public company. A SPAC is a shortcut in many respects, but it doesn't remove the ultimate requirement for disclosure.
RobStark
Well-Known Member
His biggest justification for calling Lucid a fraud is because Lucid is delaying first deliveries 3-9 months. That is soooo stupid I couldn't keep watching the video.
How long did Tesla delay Roadster 1.0/2.0 deliveries? Model S deliveries? Getting to 10k Model 3s per week? Tesla Semi first deliveries?
RobStark
Well-Known Member
Versus the Lucid Air?
Air is .1" shorter and 1" narrower.
Tesla didn't have competition. Tesla also didn't have the CCS Network. Tesla didn't have the public acceptance of BEVs as it is today. Today people are willing to accept a BEV can be worth $200k and get good resale value.
Tesla had to beg Panasonic to restart 16850 lines. Today LG Energy Solutions, Samsung SDI,CATL,Panasonic among others are investing in expanding EV worthy/specific battery cells.
Tesla engineered the Tesla connector because it had to. CCS could not agree on a 90+kWh standard. The BEV supply chain is much deeper and wider today.
It took four minutes for me to switch my opinion from "scammy, unfair to public investors, but not legally a fraud" to "they had an obligation to disclose relevant information they certainly learned during the due diligence process". A SPAC lets you hide lots of dirty laundry about the acquired company, but doesn't relieve the SPAC from disclosing relevant information.
RobStark
Well-Known Member
Lucid is already in discussions to open a second factory in Saudi Arabia with Saudi PiF funding it directly.
I think under promise over deliver on deliveries is probably wise.
I don't recall the length, but according to their published specs the Lucid Air is almost an entire foot narrower. (And that is before the refreshed Model S that is supposed to be even wider.)
RobStark
Well-Known Member
Model S is 77.3" wide.
21 Mini Cooper is 68" wide. 9.3" narrower.
A Lucid is 2.7" narrower than a Mini Cooper? LOL.
RobStark
Well-Known Member
Back in September the Lucid site listed the width, w/o mirrors, as 65.47". (76.27" w/mirrors) It seems that they have updated/corrected that since...
RobStark
Well-Known Member
Another BTW.
Peter asserts that the measure of an electric automobile manufactures technology is efficiency in the measure of miles per kWh.
Lucid's most efficient Air gets 517 miles from 113 kWh or 4.58 miles per kWh.
Tesla doesn't disclose the size of its batteries anymore.
Is the long range getting 412 miles from 100 kWh?
Is the Plaid Plus getting 520 miles from 100 kWh? 115 kWh? 130 kWh?
Peter asserts that the measure of an electric automobile manufactures technology is efficiency in the measure of miles per kWh.
Lucid's most efficient Air gets 517 miles from 113 kWh or 4.58 miles per kWh.
Tesla doesn't disclose the size of its batteries anymore.
Is the long range getting 412 miles from 100 kWh?
Is the Plaid Plus getting 520 miles from 100 kWh? 115 kWh? 130 kWh?
There was a lot more in there.
Top heavy on executives for a company with no sales.
Revenue on sales based on ASP higher than Model S Plaid but somehow getting higher sales than S&X in the 100k+ market with a new car at a new brand.
Cash burn rate would go through available cash in less than two years.
Order book is not very large, in the 1,000s not 100,000 or 1m.
2021 sales push back was just the tip.
What was TSLA market cap when they had roadster and Model S delays? What was their production at that time?
Gali’s take was just as brutal.
Last edited:
CCIV is a public company. When it did its due diligence on Lucid, it learned material information that it failed to disclose.
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