The window for averaging down is closing. Maybe sometime in Spring it will dip again, but with Gravity about to be introduced and pre-orders starting this is about to pop. I was hoping for 3s, but I may need to swallow my pride and grab some here while I can.
Lucid opens Saudi Arabia’s first car production facility
-The new facility will assemble Lucid Airs, with an initial capacity to produce 5,000 units a year
Lucid opens EV factory in Saudi Arabia, home of its largest shareholder
Has anyone heard lately what the upcoming new technology will be to keep these batteries from catching fire in these EVs? Just was curious. I'll be investing in LUCID in the next couple of days.
Look at the trend line - tells a story.
I'm worried about it too, I really don't have a good way of predicting how low this will go before it starts to turn around at some point.
It’s crazy to think we’ll be in penny stock land before too long. Anybody here worried about a future reverse split? I promise I’m not trying to be a troll but this market is really taking a downturn. My only hope is PIF and companies like vanguard and blackrock who bought 10 of millions of shares wouldn’t let that happen. No idea though.
It's part nightmare, part dream lol... If I was waiting for a strike point but didn't need to average down, it would be a lot more fun.
Come on 3s!!!!
Can't wait. I'm starting to move some money around to be ready.
With you all the way!!!! I once read a book by billionaire Williams Stoltz and met him personally as well. The book was called Start Up. One of his most important rules for success "Quality Sell" Pretty much he was basically stating to always upsell. Quality products have higher markups and hig ger gross sale amount. In my opinion The Lucids seem to be faster, better looking, and overall nicer than the Tesla's.
Doesn't matter anyway, when is the last time our tax money has actually been spent on anything it was designated to be spent on??
Meanwhile Brandon Jinping is overseas right now giving away billions more to countries that hate us. Nothing is as it seems. But I'd still like to drive a nice car.
I really hope we can get into the $3s before Gravity is announced, I'm ready to load up some share to average down.
Are you saying fewer options is what is needed for capitalism?
And then we'll potentially stuck with a technology that really never met that acid test for capitalism. Is this method really more efficient and cost effective as well. What this really is, is a complete transfer of power and wealth to a group of people who already gained a monopoly of the media's. The truth is Deficit Spending is a soft touch way of saying a totalitarian government.
with the development of the charging station infrastructure across the country, it's going to be a charge to people to get a charge and I'm sure taxes and fees will be added into those charges once the infrastructure gets to be more completed.
They haven't even added the road repair tax. This tax is already added into every gallon of gasoline you buy. We're in a situation where our nation's infrastructure is already crumbling. Not only are electric car owners not paying any road tax, they get a government rebate to buy one.
Yep, I mostly agree with you on that as well. The range issue has been such a big issue because the gaps between recharging stations has been far and the time to recharge enough to make sense has been too long. With quicker recharging and more charging options - the range issue goes away. I'm already seeing gas stations in my area adding charging stations so they're selling both petroleum products and electricity. The cost of recharging is beginning to be another concern as well, it's getting close to the point where charging costs are almost on par with refilling with gas - that's the direction things will go. Same range, same cost, approx. the same time - and all the current infrastructure and the profit centers they support will stay in place.
much more likely than revamping the entire world and having "free" energy. If it's free - imagine how many jobs and the amount of revenue in taxes that would remove from our economy. Never gonna happen. It has to be like you say at some point to go mainstream.
I no longer think at 500+ mile long battery tech is needed anymore. I know that sounds crazy, but hear me out. The big 3 are working with Toyota and VW to install larger and better infrastructures that will allow for a normal 300+ mile range battery to charge at any station to full in less than 20 minutes. Once that happens, nobody will care about a 500+ mile range battery unless you can afford that option because we will be able to charge up anywhere and it'll be like we have gas stations everywhere once again. Gas stations will all eventually have charging station areas if they don't already. That's the primary focus atm. With Lucid's battery tech, I would've thought they would've jumped on this opportunity tbh.
I agree with much of what you've stated and you pointed out my number 1 concern - if he dies or steps down, I don't know if the company will continue without his vision. He's old enough for it to be a real concern too, and I haven't heard any discussions about them having a succession plan for those scenarios. I also do agree that his time for making excuses is coming to an end, I'd give him 24 more months to have things going in the right direction (not necessarily profitable yet, but moving enough inventory to be making real revenue, 3 or more models in production, 1 of which needs to be an affordable mid-market car to compete with Model Y) and profits on the projection tables.
I'd also encourage him to move off the Air now - it's been overdone to death. "See the new Sapphire!", "see our new Stealth!!" blah blah blah. It's a decent little sedan - you know what I'd do? I'd fix the AC so it actually works well. I'd then spend my resources on developing the next models and streamlining the production processes so that lower prices are a real possibility in the future. I'd work on the technology arm of the company to expand the revenue streams and increase the CAP - and also be at the forefront of battery tech - the differentiation Lucid had initially was the range - with the new battery tech coming everyone will have the range - now it's going to be cycle life of the batteries, it's going to be recharge time, it's going to be the ability to design replaceable / serviceable battery packs.
I would NOT be working on the next "Batman Commemorative!!" version of the Air or whatever they have planned next.
Just to clarify, it's not $379m per year - he was paid out a large amount for meeting a market cap target as a bonus, not as a salary.
I very much do agree with your points regarding him leaving the money in Lucid to grow the company and accelerate the introduction of new models, expand the factory, deevelop the energy storage and technology arms, etc.
On that point, i do agree with Musk - and it is very much a valid point(s).
A salary of $500,000 a year is too much, but $379 million a year is insanity. What can't he buy with that kind of money. After 1 lump sum of $50,000,000 he should have been signed up for 10 years. What could one possibly do with $379 million other than putting investments in other corporations. If he's so Gung ho on Lucid why isn't he leaving those 100s of millions in the company.
I agree with you 100% on Musk. I don't with Rawlinson. The guy has been paid a fortune for 3 years running and us shareholders have received the brunt of the pps and company's lack of performance or capability to turn a profit. Usually, you get paid fortunes for doing great work while maintaining a YTY profit margin, not loss. What if Rawlinson steps down tomorrow? The guy will have made nearly $1B without Lucid doing anything to garner a profit. Has he done an amazing job in establishing the brand? Yes. Rolling out cars? No. He isn't meeting projections. He has an excuse every quarter on why they aren't meeting projections. If he can't meet projections once the other factory locations get off and running, then I don't know what else will get this off and running like it should be.
I strongly disagree with you on your assessment. He's done an amazing job and has an excellent vision for the future direction of the company. They've hit milestones on time and under budget. The Air is not supposed to be a mainstream mass-market car, it's the brand Halo product to establish the brand's image - The issue is that Lucid is in the early phases of it's existence and requires time to develop and build the model lineup.
Is he making too much money? Yeah, I do agree with that - but Musk isn't really the person I would be taking too seriously on that topic all things considered lol.
He is scared that the products are actually better in quality than any of his models and people know it. They just don't buy them because Musk went on a price war.
Getting really tired of this god dam CEO. He gets paid a freaking fortune while shareholders get raped for the piss poor performance of this company.
They have the plan outlined for increasing production and models, they just announced during an interview a few days ago that they are already targeting a Model Y competitor to be priced ~$50k range. Gravity SUV is about to be announced so we'll hopefully get a sneak peek at the Model Y competitor mentioned. This needs a few years to play out.
When will Lucid overcome the initial production rate hurdles, and move into a more full-rate production mode? Cost per unit has to improve with more cars coming off the line.
Taking something from the engineering drawings into actual physical products is always the biggest hurdle.
Lucid Motors Debuts the Lucid Air Midnight Dream Edition during the International Motor Show 2023 in Munich
Lucid will participate at the International Motor Show (IAA Mobility) for the first time and debut its limited-production Air Midnight Dream Edition
AMSTERDAM, Sept. 1, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced that it will present the Lucid Air luxury electric sedan for the first time at the International Motor Show (IAA Mobility) in Munich and debut the limited-production Air Midnight Dream Edition on 5 September, 2023.
A Dream in Black: The Lucid Air Midnight Dream Edition
The Lucid Air Midnight Dream Edition is a new darkly styled configuration of the Lucid Air that has never before been produced. An Air Dream Edition with Lucid's sinister Stealth theme, it features finely finished, dark polished exterior trim and 21-inch Aero Dream wheels with satin black inserts. It is fitted with a darker, more enigmatic interior inspired by the nighttime Mojave Desert. This exclusive, limited-production luxury electric sedan was created with the European market in mind and will not be available in the U.S.
The Lucid Air Midnight Dream Edition in numbers
-Combined range of up to 799 kilometers according to WLTP
-Combined power consumption: 16.6 kWh/100km according to WLTP
-CO2 emissions: 0g/km
Meet the Lucid Air Lineup
The Lucid Air Midnight Dream Edition will be available for viewing at the Studio located at Odeonsplatz 2, 80539 Munich, during IAA. On Tuesday, 5 September, and Wednesday, 6 September, the Studio will only be open to the media and invited guests. Starting 7 September, the Studio will be open for public viewing of the Air Midnight Dream Edition.
The Lucid Air Pure, the company's most accessible model, will celebrate its premiere on the European stage at Lucid's pop-up studio located at Königsplatz 1, 80333 Munich. The Air Touring and Air Grand Touring models will also be on display in this area. The Königsplatz studio is open daily from Tuesday, 5 September, to Sunday, 10 September, from 10:00 a.m. to 8:00 p.m. The studio will also offer short test drives on the adjacent Arcisstraße 1, 80333 Munich.
The Lucid Air Pure in numbers
-Combined range of up to 725 kilometers according to WLTP
-Combined power consumption: 14.1 kWh/100km according to WLTP
-CO2 emissions: 0g/km
The Lucid Air Touring in numbers
-Combined range of up to 725 kilometers according to WLTP
-Combined power consumption: 14.1 kWh/100km according to WLTP
-CO2 emissions: 0g/km
The Lucid Air Grand Touring in numbers
-Combined range of up to 839 kilometers according to WLTP
-Combined power consumption: 14.9 kWh/100km according to WLTP
-CO2 emissions: 0g/km
Note to Journalists
Journalists who would like to discover the Lucid Air Midnight Dream Edition in person are encouraged to visit the Lucid Studio at Odeonsplatz 2 in Munich on Tuesday, 5 September, between 10:00 a.m. and 6:00 p.m. (IAA accreditation required).
About the Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company's first car, the Air, is a state-of-the-art luxury sedan with a California-inspired design. Assembled at Lucid's factory in Casa Grande, Arizona, deliveries of Lucid Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.
Come on $3s!!! Woot! The timing may actually work out well for me to be able to add more shares than I would have if it dipped back in May.
I’m looking a little further out, the Gravity needs to come out and get rolling. After that they’re making direct competitors with Tesla Model 3 and Model Y aiming to sell for under $50k - that should really turn this into something special. So give this 3 years - Fingers crossed.
This coming week will tell. The guidance prevented a sell off. Over all I believe LUCID will be a great stock to hold in an investment portfolio into next year
I'm waiting for a while - just as an example, they just got a down grade today from BNP Paribas Exane to $5. I still think at some point we'll see $3s.
Not to mention the cost of getting tickets, and for the kind of driving these vehicles can / do enable, you could really get in trouble. It’s like the Hellcats, Corvettes, et al - who even really wants one of these halo cars?
I want a Honda Pilot, with 1000 mile range, 1 hour recharge time, low cost, reliable, plentiful charging, reduced cost of ownership with good reliability and solid resale value. Believe it or not, my vehicles are just tools I use to live life - I don’t live life for my vehicle nor do I wrap my identify up in what I drive (or where I live, the brand names of my clothing, etc).
I also don’t want a ridiculous Smart Car kind of thing or a Prius to look down my nose at people with either.
Will be happy when Lucid gets to that point in the product cycle.
I guess this isn't a surprise with the new Caddy Celestiq being $349k. LOL. But who will buy this with a base Plaid S starting at $108K?
The Sapphire will be priced at $249,000 fully equipped before tax, title, registration, and other fees in the United States. Information about availability for markets outside of North America will be communicated in the future
Lucid Announces Final Production Specifications for the Lucid Air Sapphire: The World's First Luxury Electric Super-Sports Sedan
-The Lucid Air Sapphire is the world's first fully electric luxury super-sports sedan, achieving 0-60 mph in 1.89 seconds, 0-100 mph in 3.84 seconds, and the quarter mile in 8.95 seconds, with a top speed of 205 mph.
-Lucid's new halo car features three motors, four driving modes, carbon-ceramic brakes, a special aerodynamic package, sport seats, track-tuned suspension, and more.
-Air Sapphire delivers both 1,234 hp and an EPA-estimated range of 427 miles on a single charge, as well as efficiency of 3.61 mi/kWh, representing an extraordinary fusion of capabilities.
-Production of Air Sapphire begins in September, with deliveries to follow soon after.
NEWARK, Calif., Aug. 8, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today unveiled the final production specs for the highly anticipated Lucid Air Sapphire. As the ultimate fusion of leading-edge technology, refined design, and on-road versatility, the Air Sapphire elevates electric performance to new heights — marking a monumental step forward in automotive innovation.
"With the release of the Lucid Air Sapphire, we are witnessing an unprecedented moment in time. The technology that underpins Sapphire enables an unsurpassed blend of performance, agility, and versatility," said Peter Rawlinson, CEO and CTO, Lucid Group. "The result is an extreme performance car that offers delightful responsiveness and everyday practicality. With the Lucid Air Sapphire, we have once again raised the bar and increased the gap between Lucid and its competitors, creating the world's most well-rounded and versatile high-performance EV."
Game-Changing Electric Performance
With a range that defies expectations, the Lucid Air Sapphire achieves an EPA-estimated 427 miles on a single charge, setting the standard for performance EV capabilities. It houses a three-motor powertrain, all developed and manufactured in-house, which produces a total of 1,234 hp and 1,430 lb-ft of torque. Thanks to the enhanced power delivery provided by the twin rear-drive unit, the Sapphire can travel 0 to 60 mph in just 1.89 seconds and run a quarter mile in 8.95 seconds at 158 mph.
The Sapphire will be priced at $249,000 fully equipped before tax, title, registration, and other fees in the United States. Information about availability for markets outside of North America will be communicated in the future.
Sapphire Design: California Inspiration, Futuristic Sophistication
The Lucid Air Sapphire, like all Air models, seamlessly marries form and function to transform the luxury sedan into an automotive masterpiece. Changes specific to Sapphire include an exterior that is optimized for both downforce and efficiency at high speeds, as well as an exclusive Sapphire Blue exterior paint combined with Lucid's Stealth Look trim. The Aero Sapphire wheels wear specially designed Michelin Pilot Sport 4S tires, offering enhanced performance and increased efficiency, complemented by removable carbon-fiber aero disk wheel covers.
"The Lucid Air Sapphire stands as a remarkable brand halo for Lucid, representing a fantastic example of what our team can accomplish when we combine technology, design, and performance into an unparalleled package," said Derek Jenkins, Senior Vice President of Design and Brand, Lucid Group. "The design of the Lucid Air Sapphire showcases our commitment to automotive aesthetics while delivering a driving experience like no other. It is a testament to our dedication to crafting vehicles that not only perform exceptionally and are exhilarating to drive, but also inspire awe at first sight."
The cabin of the Lucid Air Sapphire extends the purposeful beauty of the exterior with a new interior theme called Sapphire Mojave. The stylish sports seats, designed exclusively for the Sapphire, cradle passengers with considerable support, while maintaining comfort with heating, cooling, and massage functionality.
A Technological Marvel with Leading-Edge Features
The Air Sapphire introduces two specially configured modes and additional performance settings to provide a unique experience behind the wheel. Presenting a lineup of four drive modes, Smooth, Swift, Sapphire, and Track, each mode is optimized for various conditions and styles, influencing the character of the car and behavior of suspension, steering, brakes, torque vectoring, peak power and torque, and thermal controls.
Smooth mode configures the vehicle for comfortable, effortless, highly efficient driving. Moving to Swift mode, which is designed for spirited road driving, maintains comfort while providing a distinctly sporty edge. Sapphire mode ups the ante considerably, combining unmatched power and torque with incredible reflexes and agility, for the ultimate on-road driving experience. Track mode, developed solely for use on racetracks, features three additional sub-modes, Dragstrip, Hot Lap, and Endurance, to further tune and condition the powertrain and battery for optimum performance.
Air Sapphire's powertrain layout, focus on performance, and new features and drive modes position it as distinct in the Air lineup. This future classic provides a luxury experience to the discerning driver while offering an unparalleled experience on the racetrack, resulting in the perfect blend of sophistication and versatility.
Air Sapphire standard equipment includes:
-New twin rear-drive unit that works in tandem with the single motor front-drive unit
-Retuned front and rear springs, bushings, anti-roll bars, and steering software
-Unique adaptive damper control software and tuning for ABS, stability control, brake booster, and electronic power steering (EPS)
-Torque vectoring control algorithms and traction control developed in-house
-Revised front and rear suspension geometry to provide heightened steering response
-New carbon ceramic brakes: Front 420mm rotors with 10-piston calipers, rear 390mm rotors with 4-piston calipers
-Bespoke Aero Sapphire wheels, with diameters of 20 inches in the front and 21 inches in the rear, paired with co-developed Michelin Pilot Sport 4S tires with a special Sapphire-specific compound
-Removable carbon fiber aero wheel covers with center lock nut
-Aluminum roof introduced to reduce total vehicle weight and lower the center of gravity
-Heated and ventilated front sports seats with additional bolster support that retain massage functionality
-Soft-close doors, power opening/closing trunk and frunk
-Ultra-fast 900V+ charging system
-Unique Sapphire-themed on-screen display presenting a lineup of four drive modes – Smooth, Swift, Sapphire, and Track – each influencing the character of the car and behavior of suspension, steering, brakes, torque vectoring, peak power and torque, and thermal controls.
-Elegant and intuitive Lucid UX with 34-inch floating Glass Cockpit
-Extensive over-the-air software update capability
-DreamDrive Pro, Lucid's advanced driver assistance system, with 30+ features and future-ready hardware including the first automotive LIDAR in North America
-21-speaker Surreal Sound Pro immersive audio system with Dolby Atmos compatibility
About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company's first car, the Air, is a state-of-the-art luxury sedan with a California-inspired design. Lucid Air Grand Touring features an official EPA estimated 516 miles of range. Assembled at Lucid's factory in Casa Grande, Arizona, deliveries of Lucid Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.
That's great. Sucks that they missed Q2 expectations. JFC.