Lucid misses Q2 delivery estimates quite badly, stock tanks

[itselectric]

I don't think they are going to make it to the Gravity launch at this rate.

Q2 saw 1,404 deliveries vs 2,000 expected.

https://www.cnbc.com/2023/07/12/lucid-lcid-q2-2023-production-and-deliveries.html

Sponsored

 

[SANZC02]

I don't think they are going to make it to the Gravity launch at this rate.

Q2 saw 1,404 deliveries vs 2,000 expected.

https://www.cnbc.com/2023/07/12/lucid-lcid-q2-2023-production-and-deliveries.html

Not sure why they started with the sedan. The SUV probably would have been a better initial offering. Hopefully they can hold on until they can release it.

Their tech is decent, they probably will have more success licensing their tech.

 

[itselectric]

Not sure why they started with the sedan. The SUV probably would have been a better initial offering. Hopefully they can hold on until they can release it.

Their tech is decent, they probably will have more success licensing their tech.

They wanted to be the first to 500 miles of range and thought it would mean more to customers than it does. I completely agree, the SUV would have been the better business decision.

 

[chrismc]

RIVN had another good day, hopefully we’re finally at an inflection point where EV stocks performance starts to become decoupled from each other. Rivian is the only EV startup in a position of strength and the market needs to stop punishing them for the floundering of others.

 

[jjswan33]

Honestly I don't even know where they are selling the cars they make. In 38k miles in my Rivian all over the country I've seen less than 5.

 

[Tucker74]

Honestly I don't even know where they are selling the cars they make. In 38k miles in my Rivian all over the country I've seen less than 5.

I think it depends on where you are, I can’t make it out of my neighborhood in Austin without seeing 2-3 Rivian’s…but see very few elsewhere. I’ve seen a dozen or so Lucids in Austin, they are pretty unassuming looking cars.

 

[SANZC02]

Honestly I don't even know where they are selling the cars they make. In 38k miles in my Rivian all over the country I've seen less than 5.

I actually saw more Lucids down the east coast and across the south back in February than Rivian’s. The most EVs other than Tesla I saw was the Ford lightening.

I’ve only seen a couple Lucids in SoCal though.

 

[DuoRivians]

There was a time when Lcid had a higher market cap than Rivn, which never made much sense

 

[DaveA]

The Gravity has same design as Air but sits higher with a hatchback. It will be DOA.

 

[COdogman]

I’m still rooting for them. I like what they are trying to do.

 

[LevelHeaded]

Not sure why they started with the sedan. The SUV probably would have been a better initial offering. Hopefully they can hold on until they can release it.

Their tech is decent, they probably will have more success licensing their tech.

The Gravity has same design as Air but sits higher with a hatchback. It will be DOA.

Honestly, why is the Air not a liftback either… so much less utility with a standard trunk!

 

[SANZC02]

Honestly, why is the Air not a liftback either… so much less utility with a standard trunk!

Interesting, I did not realize it was not a hatchback.

 

[Lizardo]

Gravity looks like a minivan ... but an SUV would have been a better starting product than a sedan

 

[BigSkies]

I think it's time for Lucid to find a company to acquire them. It's cool tech, and I hope the brand stays around. But it's hard to imagine them continuiing as a stand alone company.

The IP would be so much more valuable in the hands of an automaker that can apply it across a broad variety of vehicles. In particular, it could probably help jump start the EV programs of some of the OEM laggards.

 

[Count Orlok]

There are Lucid cars available "now" or as soon as "two weeks" according to its website. There is a Zenith Red GT I like. But then for that price I could build another garage.

Sponsored