Lucid CEO says “the Market sucks” for Cheap EVs

[@electricviking]

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[@BrianSFischer]

I'm not want to criticize the generous salary, but Lucid CEO salary is roughly 50% of the workforce budget for the entire company.

[@mydogsbutler]

What he means by garbage is he can't make money selling cheap EVs like the Chinese can. Lacks the efficiency.

[@andrewpearson5504]

Or the CCP subsides.

[@raczjanesz74]

He cant make money on expensive cars also 😉

[@tonyh7158]

Cheap ev doesn't sound sexy, very hard to scam investment.

[@SuhandiWijaya]

The dude is still in a lucid dream 😴😪

[@DanielWillis-q2g]

The only way I can think of that would make his idea work is if one of those cheap car makers that mass produce would be willing to license Lucid tech AND do the R&D needed to be able to manufacture Lucid tech at Lada prices. Not gonna happen.

[@jjamespacbell]

Lucid is not so much conning Americans as much as he has conned the Saudis.

[@gregorywills2231]

Exactly.

[@sneakymove]

Yeah, typical American.....ok to harm others, so long as not your own kind.

[@JBondy007]

Low margins for cheap EVs and yet they are running at a massive loss.

[@veikovasko5603]

Market also sucks for high-end non-Tesla EVs

[@nickmcconnell1291]

He is right in that No one except BYD is making money while selling low cost EVs. I'm excluding Tesla as they are not yet selling their cars in the $20K market. So the market... meaning "profitable market" is not there and it is dog eat dog. It does suck. BYD would probably also be losing money, at the prices they are charging right now, if they made only BEVs and not some hybrids. For sure if their cell phone battery and other businesses were not there. So from a "profit" point of view he's right. However that means that Lucid is even laughingly worse off because they make expensive cars that they are STILL losing money on. What a douche bag.

[@avil8686]

Aito , LiShiang made a lot of profit

[@nickmcconnell1291]

@ True but like BYD, LiShang makes a lot of hybrid vehicles still. Do you know if they are making profit on any of their pure BEVs?

[@MrAmhara]

Actually more Chinese companies have recently started making profits.

[@brilanto]

Nobody expects the Spanish (or Chinese) Inquisition!

[@steak5599]

BYD really isn't making a profit on selling cars for dirt cheap in China either. A lot of money made from EV came from Government Subsidies. I am not familiar with How Chinese government subsidies work, but i read someone said it is volume based. Even Tesla in US market. If it weren't for the $7500 rebate from the government, they may have to lower the price of their cars, thus eating into their profit.

[@macioluko9484]

When you live in la la land, you don’t see what the average person sees.

[@Placebo6]

We have plenty of taycans on the road and very little lucids (Vancouver). And they are pretty much same money. Meanwhile, more 911s than both. If you are rich, why even bother on saving (which is the only reason to get ev, for now). You just get the nice stuff. My tesla was 80g new. But it is still cheaper than 50g car when you drive more than 2k a month. On m3 i ve owned back in 2011 i spent 25k a year on maintenance. But if o could still afford it, i would keep driving the next one. I sold the m3 with 285k for 24k. And bought it for 88k. After maintenance 75k (3years) + 88k - 24k = 139k which is waaaaay more than the 100k that i will spend to do 400k on the tesla y. Thats according to my accountant btw. She told me to do it.

[@WiseOwl-1]

The issue that I see is that many people, at least in the US, live in either rental units or multi-family housing. The issue is that a home fast charger is really needed for an EV that is a daily driver. My guess is that between 30% - 40% of US households would have great difficulties installing a charger connected to their homes electrical meter. I’m speculating that those interested in a sub $25k EV are very likely to have homes that would not be compatible with installation of a “private” charging system. So, on that point, I agree with the Lucid CEO.

[@someuser7501]

@WiseOwl-1 According to the US Census approximately 63% of Americans live in Single Family homes. So yes ~37% are questionable as to how easily it is to charge their car and yes they are likely to be less well-off financially than the 63% in the single family homes. However the fast charger requirement only applies to those who have long daily commutes (like > ~40 miles). For those with less a regular outlet is fine. I plug my Tesla Model Y into a regular outlet and I have never had a freakout session due to being caught with a low battery. If anything I can always drive to a supercharger and get back to normalcy in 20 minutes so it isn't a big deal.

[@WiseOwl-1]

@ - And? Read my comment again. Per the data that you are promoting, 37% of households in the US do NOT live in single family homes, which fits quite well in the 30% - 40% of US households that might have great difficultly installing a 220v home charging system that I threw out there. It’s not the top income percentages of those renters that would be looking to buy a cheap EV.

[@mefobills279]

Lucid does have excellent technology. Munro has done some videos, and they are impressed. The problem is Lucid is not good at mass manufacturing.

[@AlainCliche]

I don't know if what he says make sense but there must be a reason why there no affordable EV (below 30K) in North America...

[@danielberning1240]

I love Lucid. I would love to own a Air Pure. However, the other day on an EV based site, they reported this guy saying this. Personally, it outrages me that he is so out of touch and would say that. Personally, I said that he sounded like Musk by saying that and we certainly don't need another Musk. So this guy better be careful what he's saying because it's stupid comments like this that will drive me away.

[@rogerfroud300]

If the Saudis knew anything about manufacturing, they would have kicked Rawlinson into touch long ago. He's a distinctly average Designer and Engineer who doesn't have a clue about how to do that for lower cost manufacturing. The fact that he can't even make a luxury car cheap enough to make a profit says it all. His drive train maybe great for racing, and the performance at the highest level. However, he doesn't have low cost tech to sell on. Personally, I don't think his cars look that good either, it's no wonder they can't command the eye watering price they would like to sell them for.

[@cocorna3282]

Lucid has a fantastic product, yet $108,000 for an auto that may/may not be in business in 3-4 years is a huge gamble

[@MrAmhara]

They aren’t “fantastic”. Lucid is trash by almost every measure.

[@zSion]

@@MrAmhara nah they're nice, just not worth the price

[@rassabossa4554]

Any company that manages to sell a decent EV in the US in the $15k range will sell millions of them. US consumers are soon going to be _very_ price conscious. _I remember the gas crunch in the 1970s and how Japanese gas sippers and VW bugs were big sellers._

[@copaloadofthis]

Probably Lucid doesn't have the factory space for high volume production . Nothing wrong with being a 'Niche Player' Just as long as you can make money.

[@sb5580]

Mr Peter Rawlinson got the idea in his head he was better than tesla., because maybe for a minute his car exceeded tesla for efficiency (not cost efficiency) Now the dude is Mr.Afluenza: with not contact to reality whatsoever.

[@joergmaass]

Whistling in the woods...

[@scottstormcarter9603]

No idea if this it but, Sandy Munro says their powertrain is "world leading"

[@jorgekumagai2672]

Riding a dead horse! 😃

[@EV_Spotting]

GM Equinox LT 1 EV is $27 k with incentives.

[@lonlipscomb813]

Some of the numbers for the things we are talking about here, after Internet Seach: Peter Rawlinson's took home $379,029,183 USD in 2022, mostly in stock, which he has not cashed. Total net worth seems hard to find. Lucid Motors total debt was $2.40 Billion USD in 2023.

[@vanrozay8871]

It was shameless greed for Rawlinson to take such pay before the company became profitable; THAT's what deserved bonuses are for. A better guy would have bided his time, done the job. Shame!

[@HåkanWittlåck]

Lucid could join GM. He is as crazy as Mary Barra!

[@rinopino6338]

The type is more fluid than water = superfluous Lucid still exists? Warm greetings from Germany

[@BigMac-50]

IDK what makes him think the Chinese companies aren't just going to take one of Lucid's vehicles and tear it down and take any tech they want from it and pay him $0. He seems like he's trying to appeal to investors but the delulu is strong with this one.

[@benjaminchen5715]

LUCID makes incredible EVs. I thought my Model Y's acceleration was amazing, but the Lucid Air's acceleration is downright frightening. Unfortunately, this alone doesn’t justify the $75,000 price tag. Saudi Arabia owns 60% of the company and tried to help by ordering 100,000 vehicles over the next 10 years. However, LUCID simply cannot ramp up production. Their Arizona factory has a capacity of 400,000 vehicles annually, yet they are only projected to produce around 9,000 in 2024-1,000 fewer than in 2023. The stock was $55 in late 2021, but today it’s around $2. I don’t think they’ll make it past 2026.

[@LJ-jq8og]

LUCID is on life-support...

[@johnwilson5743]

Hi. I'm involved in EV research aimed at not just Tesla but we follow about 30 Chinese NEV (Hybrids and BEV's) plus the European and USA EV's on offer. Lucid made a conscious decision years ago to aim at the High End EV market. Yes, they have amazing sections of EV's that are focused on luxury and performance market vehicles. Many are used in Formula E racing. They do this by using very high spec/quality components. Very expensive metals etc. To get that top performance. However, it also means they cannot mass produce those same machines at an affordable price, due to the high cost of production. Tesla used (being blunt) lower quality but still amazing metals etc that are much more cost effective and that can be mass produced, allowing economies of scale to bring down costs even more. Tesla even developed, with SpaceX, their own types of metals. Bottom line is that Lucid can NEVER ramp up production using the current high quality/cost components. Meaning, their vehicles will always be too expensive for the markets they are aimed at. They are attempting to produce far cheaper cars BUT they will be using lower quality components and metals to do so. What they are NOT so good at is the software aspects that companies like Tesla, Xping, SAIC, Geely (via Zeeker) are capable of. As that great philosopher, Maxwell Smart, said, "It don't look good, Chief". (For Lucid)

[@fatdoi003]

if you live your daily life on 0-60 at every traffic light..... price justified

[@OzKidzFun]

Absolutely true, the software part is a crucial role for the next gen. EV's, just look at Mustang, nice car but clunky software, hard to sell...

[@rossnolan7283]

What exotic materials is Lucid using? The model T used vanadium steel to allow weight reduction and high precision to get cheap mass production. Don't follow how Tesla is supposed to use poor quality materials, aluminium alloys. Giga casting and battery research seem to be best practice.

[@manuelwilson9214]

He needs to be more practical and sell cheaper EVs

[@kenho-wr5ul2rh7m]

u will earn good money selling cheap EVs in China and i know a lot of European and American want cheap EVs

[@amirhayati1549]

I say the sub $25k segment is what the market is craving for impatiently.

[@scottbreseke716]

It would be a low margin vehicle. It would be good to considered some used EVs in order to see that price bracket.

[@sargfowler9603]

They're perfectly affordable at 2-3 years old!

[@lordlee6473]

I used to see one or two lucid air on the streets here, but haven’t seen them at all lately.

[@scottbreseke716]

In northern California I think I'm seeing more Lucid's than two years ago, but there's really not that many of them. I've seen the number of Teslas being driven increase a lot recently.

[@777Sharkbait]

He recently saw VW purchased Rivian tech for $5b now he’s pushing that story in hope someone does the same and gives them Billions. This company will be privately owned by the Saudi’s in 3 years. There’s no path to profitability. Not unless the Saudi’s take much more of their 100k order we heard about in 2022, which seems more like a BS story to start with. Gravity is nice but a minivan at $95k with no top tech, no heated or ventilated seats, no massage seats is a big stretch. All optional extras, Then there’s the “Fisker Syndrome” ppl see a company is on the ropes and everyone stops buying, exponentially speeding up bankruptcy. Peter is desperate not delusional, he’s starting to say things trying to drive ppl to buy his more expensive products or get some company to buy their tech and save him. Like Rivian they prostituting their cars with low leases to get units sold. Guess that’s the safest thing to do for consumers, ask Fisker buyers

[@veikovasko5603]

Lucid could actually make something by partnering with Mercedes/BMW

[@philiptaylor7902]

All goes to show making affordable vehicles for the mass market is a lot harder than low volumes of high end models. Even Elon hasn't worked that one out yet.

[@allencrider]

His customers are Saudi investors, rather than actual drivers.

[@RobK-x3x]

As you note Lucid sells $80k vehicles, but more importantly, they lost $277k per vehicle in Q3'24. That's far better than in previous quarters, but that means the vehicles cost $357k to build --- a far cry from making a profit on a $35k car. No Lucid has no tech that can be licensed.

[@acanuck1679]

It will be interesting to see if the shareholders start pressing for Peter Rawlinson to shut up or move on. I do like the technology that Lucid has designed (the analyses by Munro confirm that the motors and related control systems are extremely efficient and quite powerful for their size). The efficiency rating assigned to the Lucid Air Pure during Transport Canada testing of the 2024 and 2025 models was phenomenal. However, the scorn you pour on some of what he says does seem justified, in light of the ongoing losses made by Lucid. If Mr Rawlinson had the Midas touch, like Elon Musk, we would likely be more tolerant of his sometimes intemperate declarations.

[@LJ-jq8og]

DOES NOT MATTER what Munro says as it is NOT scalable... PERIOD... LUCID is TOAST... Saudis will wake up one day and then its over...

[@KA9DSL]

How a CEO can't make affordable cars is simply stupid. It's called competition, = more consumers/buyers

[@robanzzz5124]

isn't he trying to sell the Lucid air for circa 60k USD ? So in USD at least he has already made them cheaper but still can't get them sold because there's not really enough brand recognition for Lucid for any press Lucid gets is negative or neutral. Maybe if he spent more time at ev shows and genuinely been a decent human they'd be selling more.

[@stevewhitmill2037]

Waiting on Jaguar to fail.

[@mohamedfayed8013]

he need a cost cutter . but the last one fired him . i respect him . he is a great engineer on of the greatest. but average business man . he gave the industry model s which is lucid with Elon cost cutting

[@HaraldinChina]

the logic makes sense, tbh. If you are tech strong, you may not be a good industrialist. Others (read: Chinese) are excellent at scaling mass production at low cost. So per se, the logic makes sense. Also, textbook management theory always warns against trying premium and low-cost within one brand. Of course the flaw is, that Lucid's tech isn't world leading, and the Chinese besides making strong mass production, are now also fully capable of top notch RnD

[@fatdoi003]

more likely chinese company will buyout Lucid on the cheap

[@amourtextiles]

Hahahahahaha amazing killed it

[@Alex-l6d1f]

Lucid as Stephen always says is a dumpster fire

[@briangriffiths1285]

The world has got all these super wealthy people in charge of what is on the market that don't get what the average Jo/Joe wants or can afford. The 2nd user market for EVs is buoyant in the UK because folks want cheap EVs. Dacia have brought out the 'Volkswagen' of EVs a cheap run around, the car that the Golf was in 1970. I hope it flies out of the showrooms in the same nos. that the MGs and BYDs are. In the US folks tend to have bigger families so need 5/6 seaters but you just make a bigger box to put the wheels and motor on. Making cars is no longer rocket science just couple a big battery to an industrial motor and stick wheels and brekes on the thing!

[@bigrobsydney]

Sam, I'm not for one second agreeing with the Lucid CEO, but there is an underlying point there (somewhere..?). And that is, it takes a LOT of money and expertise to set up a factory with sufficient scale, to be able to produce profitable EV's. The factories themselves are, as far as I understand it, bespoke, to EV production processes. You cant just take an existing ICE factory and repurpose it. So, someone who can build a NEW factory, at a cost of billions of dollars, and ensure that the supply chain is working correctly. This is difficult for even the best players. So, very high barriers to entry. I suspect that Lucid are tapped out already doing their thing, and losing money already. So, their investors probably wont want to put much more into them as it is.

[@林振华-t4v]

😂There are expensive way to play and cheap way to play. Not everyone need to put in giga cast to turn profit. The manufacture is moving toward more flexible on product. So, you have one shop set up. Expensive at first, but with proper product design. Your line can produce other models. That is why moving from 1 model to 2 models, you dont necssary pay double on tooling cost. For high margin low volume product, that is different thing. And I would like to speculate cars like Lucid and rimac are put together by hand

[@Rockall57]

Lucid needs to get rid of this psychological CEO

[@leependergraft1018]

The average person can not afford a $ 40k car. Given current cost of living, even $ 30k is difficult.

[@FrunkensteinVonZipperneck]

Average person nEVer could. More than 80% of the market is used cars. New cars are for higher incomes...

[@macmcleod1188]

​@@FrunkensteinVonZipperneckno that's not true at all. I grew up with lower-income parents who had new cars. Cars have become insanely expensive relative to income. Even as recently as 5 years ago you could get a decent new small car for $18,900. Car manufacturers and dealerships when insane during covid and decided that $60,000 is a fair price for a new car.

[@Aggie4life77]

In 2024 and beyond, if you can’t afford a 30k car, you shouldn’t be looking at new cars! Used cars are your friend!

[@benmlee]

He is saying mass producing EV is hard work, so the other guy can do it an pay us for it.

[@mof40]

Best efficiency Best range Best speed (sedan) But not that good as a company.

[@raymondcanessa7208]

better off with a corolla 23800.00

[@dutchbavarian]

Did not IBM say, nobody needs a computer which has more than 64MB (or was it KB😂)? There were always examples of such naive people and statements. Lucent will probably go bankrupt soon, burning so much cash.

[@amurica1chuuknow736]

Idc about the CEO I care about the chart I see value i jumped in at 2.16

[@MrkBO8]

I pulled up behind an Atto earlier today, they have - "Build Your Dream" written on them ffs! lol. BYD fine but text on a car is awful.

[@woodiifoo]

Agreed! BYD builds excellent cars, but their marketing needs to work on removing this kind of cheesy slogans.

[@undisclosedthai]

The 2024 Atto3 does not have that words anymore. So it is the older version.

[@shannon6876]

Lucid can't make "affordable cars" because their entire brand image is based on what I believe I recall they said is "post luxury", which is a bad attempt at claiming that their cars are higher end than "just luxury". Someone needs to read a dictionary and figure out what "post" means, but I digress. Luxury brands don't do "affordable cars" because that's not how luxury works; and surely this goes even more for "post luxury". So Rawlinson will drive Lucid into the ground, and then they will actually be a "post luxury" brand.

[@corvettez06america63]

People like you were saying Tesla was going bankrupt in 2013 to 2015. Tesla’s stock was at 2.50 for ten years. Between 2008 and 2012 Tesla sold 2,450 Roadsters. Lucid sold 6,000 in 2023 and are on track to sell 9,000 this year. They have another car about to be released. Have you bothered to see the location of the AMP 2 plant? It’s in the Detroit of the Arab world. Detroit blew up in the past because of its location. Amp 2 is a few miles from a port with access to Europe, Africa and obviously the Middle East. They can even ship cars easily to Australia from there. The Saudi’s are obviously trying to become the Europe of EVs. They just invested in Rimac. They know they can’t take the cheap EV mantel from China. They want to fill this empty oil tankers with EVs and batteries. You know this, I’m not telling you anything you don’t already know. Why in the world would Lucid want to compete with a country that subsidies their auto industry so heavily? You want to talk about crazy? However, Chevy could use Lucid technology to compete. You say they are burning cash without any context. They are INVESTING. They built plant and equipment. America isn’t China. America doesn’t have fences around their companies to catch people committing suicide. So it cost more to make a car than in China. Again, why in the world would they want to compete with that? A little context mate. Or it looks like you just want Lucid to fail.

[@林振华-t4v]

Lucid is already failing. Tesla gonna live because people buy into the bs Elon spit out long enough they open shop in ShangHai so they can ramp up and go mass production. They have to fly in people from ShangHai to ramp up cybertruck production. Lucid doesnt have a person with Elon charisma. So, they will have less time to burn cash and turn profit. The Saudi is planning for the future, and they dont short of cash. They are not only invested in Lucid, they are investing on lot of other things from EV to nuclear power tech. But they will bail if lucid keep burning cash at this rate. And to make matter worse, Lucid burning cash is not spending heavily on R&D. Or building infrustructure like Tesla did. Lucid's cars are not remarkably efficent. Its not particulaly powerful, and not particulaly luxury. it is not really scale production friendly, and boarderline disaster on RAMS . BYD and lot of Chinese EV alike can produce Ev cheap, because the car was design for mass production in mind. But cant say the same thing for RAMS. When you have some idea how the manufacture works, you will know you cant subside your way to low cost Ev like BYD able to offer.

[@pops99]

He's another Trevor Milton

[@digi051669]

He lives in another dimension. 😂😂😂😂 if people really wanted his tech, the Chinese would be all over it. Whether you like how the Chinese have developed their ev sector, you know one thing, if it's good, you can be dame sure the Chinese would be all over it. They are not. So that gives you the answer

[@MossMini]

Saudi took his words and gave him billions

[@incyphe]

someone on that site wrote a hilarious comment: "We can't do it cheap, and they can't do it cheap either, but they'll do it cheaper when they're paying us a commission."

[@williampisano7573]

Toyota lol 😂. They said that hybrids are the way forward and hydrogen lol 😂

[@undisclosedthai]

I guess he is still believe in cheap fuel cars so he against cheap EVs.

[@scottwilliam4054]

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[@MichaelJackson12316]

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[@scottwilliam4054]

Michael It's all thanks to Robert Marion, God bless America 🇺🇸

[@Michaeljordan145]

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[@Georgesam385]

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[@GeorgeDickey-rw4hj]

I’m not here to converse for him to testify just for what I’m sure of,he’s trustworthy and best option ever seen.

[@nickmcconnell1291]

Lucid is just jealous that VW went to Rivian for tech and not Lucid.

[@林振华-t4v]

😂Rivian model is more viable than lucid. I dont think we need a degree to figure that out. Rivian just need to hold on to the economic scale to kick in.

[@nickmcconnell1291]

@ I hope Rivian makes it. They have great vehicles.

[@davidhein6044]

In Mexico the chevy Equinox Ev is soldout!

[@philterzian9162]

Maybe he could sell the technology to Jaguar.

[@macmcleod1188]

Unless they put up stiff tariffs to block them, Chinese evees are going to eat up the sub 25,000 car market. There are Mexican taxi drivers who already have 100,000 mi on them and they say the cars are solid. Tesla's going to have an interesting transition because in the United States they were mostly bought by liberals. And conservatives prefer internal combustion engines. So at least Tesla has lost a lot of potential customers and may not pick up new ones to replace them.

[@MarcoTrillion]

"HE'S TAKING ACID! OR SOMETHING" 😂😅🤣

[@kevintewey1157]

78% of Americans are living pay.Check to paycheck, and do you think they should spend more than $300 a month for a car?Do you think they should be spending more than $9000?I don't

[@kevintewey1157]

Imagine paying for your new car in only two and a half years

[@林振华-t4v]

​@@kevintewey1157😂unheard of

[@lumtavon1952]

An affordable car is not 25k but much cheaper and it's possible as many Chinese companies prove today!! The Viking looks more and more a spoiled guy

[@alphaomega1969]

Lucid ceo must be thinking we are dumb, we all know Lucid Motor is a Chinese startup investment or joint venture lol

[@jamesvandamme7786]

Saudi.

[@alphaomega1969]

@@jamesvandamme7786 Saudi is the smallest but the biggest investor are hidden, all the plant and partents are Chinese. Saudi don't have as much money as china

[@alphaomega1969]

@@jamesvandamme7786 Tesla is also a Chinese rebranded EV lol The Chinese own almost all automaker at this rate! Volvo, MG, Link&Co, Lotus, VW, BMW, GAC Fiat Chrysler, Honda, Ford, Nissan, Mercedes, KIA, Mazda, Vivian, Lucid Motor, Chery, Dongfeng Peugeot-Citroën, Dongfeng Renault, Jaguar Land Rover, FAW Toyota, Stellantis, Polestar, Tesla, Mitsubishi Motors...... Much more but I cant think of anymore lol

[@aftonline]

Rawlinson is an elitist Brit. He wants to be the purveyor of an electric Rolls-Royce before Rolls-Royce actually gets there. BYD on the other hand wants to be the electric Toyota and could arguably be said to have already achieved that.

[@brilanto]

... after Toyota voluntarily gave away their lead 🫤

[@PD55_]

He should 10X the prices, Saudis will pay anything.

[@grantguy8933]

He is already rich. He is out of touch.

[@NopWorks]

Thank you Lucid for letting me know that their cars (unlike others "mass-produced bs") are painstakingly handcrafted piece-by-piece by artisans, using cheap 25k tech upsold to people at 80k.

[@vorpalinferno9711]

Cut Lucid some slack, It took Tesla a long time to be profitable.

[@fatdoi003]

american corporate philosophy.... fail your way to the top and keep on failing

[@charleskieser9740]

I think Rowelson's life is in danger, the consequences for losing billions of Saudi dollars are real.

[@maximilianjohanneswurmitze7178]

Nobody is listening to this man, hopefully.

[@jasonparry7173]

i assume a $25k car would be fitted with a battery 1/3 the size of the lucid but would require much higher volumes. Lucid isn’t interested and doesn’t have the factory but if you have a bunch of factories and want cutting edge battery tech they will license it to you.

[@10secondsrule]

It’s true that cheap items have very little margin. Anyone who tried to run business will tell you this. The volume must be enormous to make a decent profit. Saying this I really don’t like this guy, probably even more than elon at least the latter is somewhat entertaining with his stupidity.

[@andrisromanovskis9363]

A whole generation of EV's is doomed due to their high prices. E.g. northern Europe is full of Taycans, that no-one wants bcs they lose value faster than one can spell the word "depreciation". My first EV is under 15k euros used (not a Porsch). It makes perfect sense to set a price ceiling for my next, new one, at the same level.

[@BigVine-m5i]

I think he looks like the creep he is.

[@FrunkensteinVonZipperneck]

Well the market sucks for EVery cheap product. As Mel Brooks advised, "the really big bucks are in psychiatry!"

[@WANDERER0070]

You obviously never been to China 😊

[@mohamedfayed8013]

less is more . less is better . do most people drive 400 miles a day ? No do most people drive at 235 mph ? No do most people need 1234 hp ? No Why did you designed like this ? because i can why do you make a supply for no demand ? i am oppressed with performance and efficiency from engineering stand point but not human stand point . i wish he had a boss telling him design an EV with 200 miles single motor light weight small battery basic interior for 20k or less city car (from home to office) sell a million of them a year

[@ChuckNorrizzed]

Lucid will be not exist in 5 years, book it

[@brilanto]

Like Tesla is bankwupt for 15 years?

[@farmerpete6274]

Peter Rawalinson is the Arthur Daley of EVs, thought this since day 1.

[@MarcoTrillion]

They're dead!. Anyone can make a fast car and lose 600k. Try making it fast and making money, Peter!. 😅

[@chrisborns5972]

Excuse me, Lenny (Petey) no one takes this guy as gospel he make choke to death on his own tongue. License their none scalable over priced tech 😆

[@RussellFineArt]

Tesla was unprofitable, bordering bankruptcy, for many years, so let’s not diss on Lucid. Yes, Rawlinson is speaking nonsense and needs to post profits before bragging, but Lucid’s are great cars.

[@MrAmhara]

But Tesla already proved EVS can be profitable. Lucid should have “ copied Tesla’s homework”.

[@scottcochrane638]

Because there Americans 🤣

[@mnhsty]

Seems like you have to be a little little nuts to run a car company these days. No sane person wants to do it.

[@peterjaspers3724]

The market sucks because they can not compete!

[@Leo555ZZZ]

Yeah , what would the CEO of an EV company know ?

[@randygraham926]

So we should never challenge the wisdom of a CEO? The CEO is never wrong in your opinion ..... 🙂 Despite the fact that many of them destroy and bankrupt their own companies .... and some of them even get fired for being wrong....

[@jamesvandamme7786]

Lots of good engineering, but poor business acumen.

[@victic2277]

Yes, let's not buy a Lucid.

[@AKA001]

When an engineer runs a company... Same result as when a designer runs his own company...

[@milohobo9186]

CEOs keep thinking that the USA has a lot of people with a lot of money. What we actually have is a lot of people with a lot of debt.

[@monkeysuncle2816]

And wait till you feel 2025.

[@steelyspielbergo]

something like 8% are millionaires

[@milohobo9186]

@steelyspielbergo the bottom 80% only own about 7% of the wealth in the country.

[@steelyspielbergo]

@@milohobo9186 and?

[@SigXman]

You can’t survive when there is no profit. Tesla. In a league by themselves. There is no competition. None!!