bitkahuna

iTrader: (20)

let me explain.

when Tesla got going, no one else was selling EVs. as lucid gets going, everyone else either is, or about to be selling lots of different EVs. it's taken what, a decade for lucid to get their first model out, shipping in small quantities. still an impressive feat. to ship that at scale, or add a second or third model, is an enormous and risky undertaking. as you know.

when Tesla did the S and the 3 and the Y, they had ZERO competition. the lucid air is impressive but it's not a game changer. like it or not, it already has competition (EQS) and likely a lot more soon. whatever they do next will no doubt have lots of competition too. yes the market's getting bigger, but with competitors comes many new challenges, impacting decisions, making lucid possibly second guess themselves or change course.

scaling supply is really hard. ask no one other than Elon musk. lucid might even become resource supply constrained. yes lucid is building additional manufacturing capacity, but they will go through their own 'hell' getting to thousands and tens of thousands instead of hundreds.

if they don't they'll end up something like Maserati... nice and unique product, but not big volume.

RNM GS3

Tesla will have a huge %. Nobody has a reliable charging network remotely close to Tesla which is crucial to support real growth.
Chinese automakers will take a big pie.
The rest will be divided by legacy automakers.

Stellantis has popular ICE products that are ending production one way or the other. Besides Jeep and Ram, most of the brands are in the red. Fiat, Alfa Romeo, Maserati etc are all in terrible shape. What else is there Peuget, Citroen?! Those are a joke.

SW17LS

I don't think thats necessarily a failure...

Peugeot and Citroen do quite well just not here.

AMIRZA786

Yep, they are popular in Europe. Or at least somewhat popular

Motorola

Is there anything wrong with that? I'm sure Lucid would love it if they can be perceived as a boutique high-end luxury brand. In fact I think that's what they're aiming for.

bitkahuna

iTrader: (20)

don't believe I said it would be. but it certainly won't justify the insane stock valuation which is driven by Tesla, not reality.

TangoRed

Some of Stellantis' brands have a 50% chance of living, but the whole company? They'll be around for sure.

Stellantis has a raft of EVs coming starting this year for the U.S. (Maserati) and really picking up speed in 2024-2027 for the other brands. They're going to be OK and they have brands other than Jeep and RAM that are profitable. Not to mention some of their overseas brands already have EVs out.

I'm not convinced that's enough-Maserati at least is under a corporate umbrella. I think Lucid would end up being purchased by another brand and truly another company would benefit from their technology.

LeX2K

Of course they had competition it takes more than just being an EV to have zero competition. Otherwise the Nissan Leaf which beat Tesla to market as a mainstream model would have been a runaway success and Nissan would be the next Tesla.
The EQS has competition in Lucid.
I think Lucid is lying and are not in mass production at all every car is hand built. Will they work it out? The answer to that will decide their fate.
Lucid has never said they have grand plans to sell millions of cars per year I see nothing wrong with that.

Motorola

Much of Maserati's appeal came from their earlier collaborations with Ferrari, not the cost-cutting cheapness of their recent products under FCA (which aren't selling well either). Lucid being under another corporate umbrella would do them no favors unless they want to scale up volume, which doesn't seem to be their end goal.

TangoRed

Maserati (and Ferrari) were under control of Fiat and Marchionne before FCA was created. There was Fiat switchgear in them before Chrysler switchgear and regardless of their floundering as of late, they're still more profitable then they were previously. Being under a corporate umbrella helps keep down costs and weather storms whether they're low volume or not. There's very few independent boutique brands for this very reason. Lamborghini, Rolls-Royce, Bentley, you name it most of them got purchased. And because Lucid is dipping in the below $100k market eventually and offering a SUV I wouldn't exactly say they're going to be ultra low volume either.

Hameed

This^^ 👍👍👍 That describes me to a "t". Plus the "buttery smooth, silent, relentless and effortless torque regardless of speed" 😀

patgilm

To answer the question, I would buy one but not the most expensive one, probably the mid priced one. I like the exterior and interior of the car. I do like the more sporty nature of the Model S but I’ve had LS’ before and could see myself in a Lucid in a couple years.

bitkahuna

iTrader: (20)

i merged a bunch of lucid threads...

this new review an interview with a lucid engineer was quite interesting and a different take and perspective. didn't know they'd been quite involved in formula-e for a while for example.

patgilm

Drag Times just did an excellent video review including 1/4 mile times yesterday. The interior is really nice, I really like it from a luxury EV standpoint and the build quality looks good so far. It will interesting if they survive as it seems a cheaper economy version (think Model 3) would be necessary to keep them afloat by selling more volume than a $100k+ car.

bitkahuna

iTrader: (20)

agreed but if they can ship 10k of the 17k orders @ $150K ea. in a reasonable time frame, that would put 1.5Bn in the coffers... until i did that math i thought it would be more than that... now i don't think it's that much for all that work.

i think they should quietly provide the platform to rolls royce to underpin a rr ev with gobs of sound deadening and the rest of it... would be amazing.