All discussion of Lucid Motors

[M|S|M MYP]

The only way I see the Saudi winning is to unload the shares onto dumb retail investors like how insiders laughed themselves to the banks during the SPAC merger. That was a total scam and lots of dumb investors lost money on churchill capital. Lucid is a dead end. They will continue to lose 1.5B+ a quarter until nothing is left. The car was built on a platform of trying to one up Tesla, not to make money.

Brings me vibes of that movie "Margin Call"

 

[alloverx]

I thought that Toyota might buy Lucid at some point but seems less likely as time goes on.

 

[chinney]

Presumably some existing manufacturer would be interested in Lucid's technology, mind you that is likely to be at a substantial discount to what they invested in it.

 

[mongo]

Presumably some existing manufacturer would be interested in Lucid's technology, mind you that is likely to be at a substantial discount to what they invested in it.

Unless patented (and even then), it's cheaper to just buy the report from Munro and Associates.

 

[RobStark]

Giant Fund Bought Up Activision, Lucid Stock, Sold GM and Ford

The asset manager of Norway’s largest bank tripled its investment in Activision, doubled its Lucid Group stake, and cut positions in GM and Ford.

www.barrons.com

 

[MP3Mike]

Two new recalls for Lucid Airs today:

• Wipers may stop working, impacting up to 5,523 vehicles: https://static.nhtsa.gov/odi/rcl/2023/RCLRPT-23V521-1631.PDF
  • They just need to tighten the nuts on the wiper arms.
  • They have already rectified 2,431 vehicles.
• Backup camera may fail, impacting up to 59 vehicles: https://static.nhtsa.gov/odi/rcl/2023/RCLRPT-23V520-4790.PDF
  • This will just be an OTA update for the 59 vehicles still running versions 2.0.15 through 2.0.50. (People that aren't updating their vehicles, or the vehicle has been totaled.)

 

[Electroman]

Two new recalls for Lucid Airs today:

• Wipers may stop working, impacting up to 5,523 vehicles: https://static.nhtsa.gov/odi/rcl/2023/RCLRPT-23V521-1631.PDF
  • They just need to tighten the nuts on the wiper arms.
  • They have already rectified 2,431 vehicles.
• Backup camera may fail, impacting up to 59 vehicles: https://static.nhtsa.gov/odi/rcl/2023/RCLRPT-23V520-4790.PDF
  • This will just be an OTA update for the 59 vehicles still running versions 2.0.15 through 2.0.50. (People that aren't updating their vehicles, or the vehicle has been totaled.)

Great news. Did not know they sold 5000+ cars already..

 

[CyberShy]

The vehicles repaired can still be in inventory, but 5523 sold sounds about right. It might be more because I thought they’ve accumulated a delivery deficit of around 2700-2800 vehicles in the last 3Qs.

 

[Doggydogworld]

Lucid delivered 2.8k vehicles the first half of this year and 4.4k all of 2022. They also delivered a handful in late 2021. All told it's a bit over 7k.

 

[chinney]

A.shockingly low number.

 

[MP3Mike]

Another Lucid recall today:

• An inverter power module can fail resulting in loss of power with no warning, impacting up to 778 vehicles: https://static.nhtsa.gov/odi/rcl/2023/RCLRPT-23V523-5752.PDF
  • This is resolved by an OTA update to 2.0.66, or newer, which will give the driver at least a 2 minute warning before losing power.

 

[mongo]

Another Lucid recall today:

• An inverter power module can fail resulting in loss of power with no warning, impacting up to 778 vehicles: https://static.nhtsa.gov/odi/rcl/2023/RCLRPT-23V523-5752.PDF
  • This is resolved by an OTA update to 2.0.66, or newer, which will give the driver at least a 2 minute warning before losing power.

Holy freakin band aid Batman!
All this does is ensure they get a 2 minute warning before the inverter fails.

 

[MP3Mike]

Holy freakin band aid Batman!
All this does is ensure they get a 2 minute warning before the inverter fails.

Well, if it is going to fail anyway, I would prefer to get the 2 minute warning... (I have to assume that it has already failed, but that it just continues to operate with the remaining working modules, which might cause more damage?, to allow you to get to a good stopping place.)

 

[mongo]

Well, if it is going to fail anyway, I would prefer to get the 2 minute warning... (I have to assume that it has already failed, but that it just continues to operate with the remaining working modules, which might cause more damage?, to allow you to get to a good stopping place.)

Yeah, not sure what they are doing since the lack of warning was due to blown fuses. Maybe shut off a phase or partial phase or motor once it starts going uncontrolled to prevent cross conduction shoot through?

Just seems funny to gave a recall that basically says, "oh no, I'll still fail randomly. But we'll warn you, do it's ok".

 

[CyberShy]

Another Lucid recall today:

• An inverter power module can fail resulting in loss of power with no warning, impacting up to 778 vehicles: https://static.nhtsa.gov/odi/rcl/2023/RCLRPT-23V523-5752.PDF
  • This is resolved by an OTA update to 2.0.66, or newer, which will give the driver at least a 2 minute warning before losing power.

That’s not an adequate resolution. The inverter must be replaced or the software must prevent this power loss,

 

[MP3Mike]

That’s not an adequate resolution. The inverter must be replaced or the software must prevent this power loss,

Sure, if you know which inverters will fail in advance. If you can create software that can prevent a hardware failure I'm sure Lucid, and Tesla, would be happy to pay big money for it. (The inverters will be replaced once they have failed.)

It sounds like they only had 7 vehicles fail like this without notice. (Who knows how many failed with the 2 minutes of notice.)

 

[khorton]

That’s not an adequate resolution. The inverter must be replaced or the software must prevent this power loss,

ICE vehicles have many possible failure modes that lead to loss of propulsion, and we have long accepted this. In my 46 years of driving, I can recall three sudden failures that caused loss of propulsion in ICE vehicles: one sudden engine mechanical failure, one transmission mechanical failure and one failure of a CV joint on a front wheel drive car. While we hope to do better, we shouldn't be slagging EVs for having the same warts that we have accepted on ICEV.

Now, to be fair, my ICE failures all occurred on vehicles that were at least five years old. My newer ICE vehicles have been quite reliable. But, it is not up to the NHSTA to mandate reliability. Their mandate is safety. A loss of propulsion, while extremely inconvenient, is not unsafe.

 

[CyberShy]

It might not be unsafe but it’s pretty unacceptable.

 

[RobStark]

Back to roughly Original pricing.

Lucid Air Lineup Sees Big Price Cuts, Pure AWD Now Starts At $83,900

The Lucid Air also gets special lease pricing available through the end of August, with the Air Pure AWD starting at $749/month for 36 months.

insideevs.com

 

[DBV1]

The new prices are really tempting, as they have really good lease deals now too. Since I travel so much, their charging network sounds like such a negative compared to Tesla.