Lucid fires 1300 staff and then recalls cars for motor & screen failures

[@pbrigham]

The CEO already cash in when he sold his shares last year at 22, and he did it immediately as son his lock period finished, that says it all.

[@eugeniustheodidactus8890]

rawlinson was always a fraud

[@Slayer-33]

He sold a TINY amount for TAX PURPOSES

[@aceventuraaceventura2003]

@@Slayer-33 He unloaded in Mar 2023 also, also for tax purposes?

[@STICKMONKE]

Thanks!

[@mlann2333]

Hope they succeed, look great

[@danielcurtis4179]

I think lucid messed up trying to start with a sedan. I own a little stock in lucid. It's not enough to destroy me if it goes to zero. If it gets past this and starts doing well I could make a nice profit.

[@toneyeye]

I have not yet seen any evidence that Lucid has potential commercial success, even if the product works perfectly as designed.

[@S3XYEV]

$250K!? 😮 You can get a Model S Plaid for $109, and not have to rely on the CCS chargers that are down half the time.

[@bluetoad2668]

Specs are one thing but without reliability and consistency they are worthless

[@vanrozay8871]

When KZbinr "Bear" flies a video drone over Lucid's factory, we see hundreds of apparently finished cars in the lot. No more demand?

[@Ysmir.]

Saudi Arabia will save the company if they want to. Money is something they they do have.

[@ciybersal9833]

Exactly. Saudis love cars and won't let Lucid fail no way. They own most of this company and intend to set up large factory in Saudi Arabia

[@moonwalker7043]

@@ciybersal9833 checkmate, just like those games they hosted

[@danielcurtis4179]

I'd like to hear how many dealers in USA made a profit? Sales are down but some vehicles are being sold way over MSRP. Is this being done in an attempt to make a profit.

[@stopthefomo]

Tesla is the most profitable (profit per EV vehicle)

[@petersmangalisongoma2013]

Elon Musk has discovered a new dinosaur 😂😂😂

[@tdevinetampa]

Newspapers and magazines used to play games like this with distribution, one hundred thousand magazines in print only ten thousand sold. Now they have to certify number sold for add sales rate.

[@dougsheldon5560]

Musk did discover dinosaurs: Ford, GM Stellantis, Toyota

[@rogerfroud300]

It's hard to see what they offer over Tesla, except for range, for a lot more money. They don't look that great, and they don't have a future with self driving. There will be issues with new vehicles, I don't see that as a big issue. Everyone has recalls, that's not a big deal. However, their cars are too complex to make cheaply enough to make a profit, even at the very high price. With this sort of luxury car, you can't achieve any significant economies of scale either. I feel sure they will fix their technical problems, but there's not much you can do if the design can't be manufactured easily enough. Frankly, I can't see them surviving in any significant size. Maybe they will keep struggling on as a niche ultra luxury brand, but I somehow doubt it.

[@samabdel8676]

Meanwhile Tesla just cut the price Again 😆🤣😂, next thing Tesla will offer buy one get one free 🤣😆😂. Go Lucid 🚀🚀🚀

[@mgreenester]

Saudi Arabia's Public Investment Fund has 620 billion US dollars to spend. They already have like 25% of the company and word on the street is the fund is going to give the company a billion dollar cash injection.

[@MegaWilderness]

All EV purchasers are early adopters, including Lucid owners. A contactor is not a problem with the motor. Stop with the misinformation. You've become worse than the MEDIA you read to us.

[@johnathanepic3790]

No they aren't. Ev's have been around literally for 100 years. They have become popular over the past decade. It's no longer " early"

[@MegaWilderness]

@@johnathanepic3790 Don't be ridiculous. Let's just change my statement to the use of semi-practical lithium battery powered vehicles.

[@tv-ld3wv]

Who in right mind will pay couple hundreds of dollars for doors can't close perfect because of software problems?? Buy Mercedes or Tesla which are significantly cheaper We're not in 2012

[@jerrypolverino6025]

One of the richest men on the planet, Warren Buffett drives a 22 year old car. He said he takes good care of it. He also said the road to the poor house is paved with car payments.

[@williamgrunzweig571]

😂. Nice.

[@AndrewSienx]

Lucid Air and Tesla Model 3 were unveiled in the same year - 2016. And look, where are both companies now. Lucid has chronically the culture of not delivering. The company will never recover. And nobody will buy it - as the product is out of touch with current market needs. They have technology which is irrelevant for current market. See trends in Tesla and BYD. And if you really want to buy luxury sedan or better - SUV, you have a reliable choice in Tesla Model S/X, Mercedes EQS/EQC, BMW i7/iX or some Chinese brand like NIO.

[@tv-ld3wv]

BMW is ugly and not efficient

[@nevco8774]

This video is quite pessimistic. Yes starting with a sedan now vs Rivian with a truck and a SUV will create huge pain for Lucid. I would not pull the plug for live support for the company considering it dead yet. We shall see in several months the developments.

[@nevco8774]

@@antblanks The greatest mistake of Lucid is to start with a sedan not anticipating quick change in the markets. However the same technology will be tweaked into a SUV down the road. Providing deep pockets of Lucid investors from Middle East the company will be just fine. On the other hand these kind of videos rejoicing about doomed failure of Tesla were plenty just several years ago and now this channel is praying on Tesla god, video after video. Conclusion: before watching videos here we need a bucked of popcorn and a bucket of salt. Otherwise everything will be just fine.

[@samikamal1]

I HEAR THAT TESLA HAS STEERING WHEELS FALLING OFF WHILE PEOPLE ARE DRIVING BUT I'M GUESSING THAT'S OKAY. YOU SHOULD MAKE A REPORT ON THAT 🤭😂🙋‍♂️❤🥳🥳🥳🎉🎉🎉LET'S GOOOOOOO LUCID FAMILY ❤🙋‍♂️✌

[@samikamal1]

@WFK O. Yea tell that to the customer and then bill him for the repairs 😁🤭🥳🥳🎉🎉🎉

[@samikamal1]

​@WFK O. I Also wonder why sam doesn't talk about any of LUCID'S projects? Remember what Peter rollinson said it's a technology race. They have ess system that they're working on worth over 22 billion they also have a government contract With the Department of Defense. They are going to continue to grow and build out that 6 million plus square feet of factory and railroad line as well. Change is coming soon enough Patience is key success takes time it can't be rushed.

[@mateogomez8413]

@@samikamal1 timing is the key for the saudis to buy it lol good luck

[@samikamal1]

@@mateogomez8413 They already own 62% of LUCID they have a 2030 MINDSET Take a look at some of their ideas And what the future holds for them. The LINE in Saudi Arabia Is a massive project. With 3 different parts to it it's gonna have its own ports To cut down in transit time for ships. Lucid is just a small portion of the PIF is portfolio. The future is bright for lucid and the partnerships it will attain in the future. Everyone wants to jump on board To have a slice of that pie from the PIF. Samsung, nvidia, Panasonic, Aston martin, The list goes on and on. People just need to open their eyes and do some research it's easy to knock a company down when it's in the beginning stages. But change is coming soon. THE PIF WON'T LET LUCID FAIL NO MATTER WHAT.

[@kbmblizz1940]

Dead man 🚶‍♀️

[@johnbirk843]

If it was Tesla having these problems the news channels will be covering this 24/7 screaming from the top of the roof

[@stopthefomo]

Actually, that did happen - lots of Tesla doubters on Wall Street (traditional bankers and analysts) that didn't think they'd survive the cash required for the runway to profitability.

[@jeremyloveslinux]

Tesla actually had a contactor issue with some of the first model S.

[@jhonnypusong6906]

Here in Europe the EV fantasy of green climate is watered down. Combustion cars will be forever 😅 EV sucks 19-25 recalls Infrastructure here sucks Most of the charging stations not working during winter season. Battery depleted So stressful of waiting queuing finding looking for charging stations. Some charging stations out of order due to a lack of electricity supply. Parking so difficult because of this EV sucks car, parked and charging all night. What the heck Is this a future of stress life.

[@airheart1]

My guess is.. the Saudi's DO have deep enough pockets.. the question is, do they want to. I think they do actually. We'll see. This recall and any other issues Lucid is having, is really no surprise. This is why successful start up car companies are few and far between. There's going to be teething problems when new companies pop up with completely new internal designs. You only work the bugs out over time and large scale real world use. And there aren't many people willing to plonk down $150k to be a Guinee pig. Tesla only survived through dogged determination and basically the will of one man pushing an extremely good team. And they made it by the skin of their teeth a few years back in model 3 production. Lucid doesn't seem to have that will in leadership.. they will survive by the good will of the Saudis.. or some other investor or a take over. Rivian is basically in the same boat.. and they'll survive by the good will of Amazon.. or not.

[@tomlewitt]

Just like my dear old frog, Not long for this world. Sad.

[@Ssshortman]

I don't want Lucid to fail, but to be honest with you, I don't mind seeing Rawlinson eat a little crow after bragging that Lucid wouldn't go through "production hell" like Tesla did. Everyone goes through growing pains, why would Lucid be any different?

[@mikedx2706]

Sounds like Lucid is bleeding cash at a tremendous burn rate and they are trying to slow it down to a reasonable level. That explains why they are laying off a substantial amount of Lucid's workforce. The cash problem isn't helped by Lucid's car sales falling off as the Silicon Valley Tech Bubble starts bursting once again.

[@henrytaverner1803]

I sold Lucid at $45 and $36 per share. SPACS are dead

[@netgnostic1627]

If Jaguar/Land Rover (Tata) are smart, they should wait until either Xpeng or Lucid formerly declare bankruptcy, and offer to buy the tooling and patents at pennies on the dollar. As long as they can fix the cars, that might give them the luxury-car platform they need for new Jaguar EVs models.

[@wa7215]

Will Lucid last to the end of the year..?? I seriously doubt it…!! 🙄🙄

[@X5493-c7p]

It'll end up a Saudi Arabia only company after it's gone bankrupt and the shareholders lose it all the Saudis will take the technology and create a new factory there as I think they want a prestigious EV car company I can see a lot of rich Arabs wanting to drive a Arab built EV

[@vickydada5595]

@@X5493-c7p Saudi won’t buy the whole company , they will keep giving support

[@X5493-c7p]

@@vickydada5595 They don’t need to buy it just let it go bankrupt and get the company for a knocked down price.

[@vickydada5595]

@@X5493-c7p they won’t do that, they want to keep the company “ American “ . Also better to support and let stock price go up!!

[@larryc1616]

​@@X5493-c7p Saudi Arabia makes nothing so making EV's there is complete nonsense

[@jorgecintron9674]

To be fair many EV startups are having major growing pains. Lucid is not the only one as I’ve heard many Rivians being bricked as well recently. I just hope they all can get through this hardship. I really want Aptera, Rivian, Lucid, Canoo and many other to succeed but it’s going to be very difficult especially with these interest rates. I couldn’t afford to buy our house nor the vehicle I drive today with these high interest rates. Cheers!

[@ecospider5]

If you plan on living in a house for multiple decades then buying when interest rates are high will cause the house to cost less. Then when the interest rates go back down you refinance. In that scenario you eventually have a smaller loan and a low interest rate. The house prices have not gone down everywhere yet. I think that’s because the rates increased so quickly.

[@ecospider5]

I phrase this a little differently. I hope all those companies are being run well and have good executives. If they do they will survive. If some of them are not being run well I hope they don’t survive. Because if they do that probably means they got help just because they were an EV company. And I don’t think propping up bad companies is a good idea. Especially if you want a strong economy in the long term.

[@pipersall6761]

A daily reminder of how smart it was of Tesla to start when they did so by the time the other makers decided that yeah maybe they need to build electric too, Tesla had an almost insurmountable lead. Plus as Sam says, many of them have such a huge debt load its nearly impossible for them to make any profit. Hard times for them, good times for Tesla and BYD.

[@disqjunky]

Exactly. Recalls happen. Even legacy automakers still have major recalls. Rivian had lay offs last year and had recalled ALL vehicles. Boone seems to be talking about that anymore

[@ecospider5]

@pete6122 I would mainly agree. But that public money rarely goes to complete waste because a good management team will buy the factory, equipment, and IP for pennies on the dollar. So in the end it created a factory in the US. On certain technologies the government funding is required, because other countries have recognized the technology as the future and are offering money for people to make factories in their country. This was a big affect of the US inflation reduction act. A whole bunch of foreign auto makers stopped building plants for EV’s and have moved those plants to the United States.

[@joeyvinzo4531]

I’m not a fan of the Lucid vehicle. To me, it’s tooo big, toooo expensive and I find it to be physically unattractive. But, I praise them for all they’ve accomplished with their vehicles. I hope they are here for the long haul!

[@motioncompensation1544]

Have a look at the videos Munro made about the Lucid Air recently. It’s so tightly packed that things are bound to go wrong over time, parts rubbing against each other. And because it’s tightly packed, repairs will be VERY expensive.

[@yarnomueller8192]

Are you an engineer

[@motioncompensation1544]

@@yarnomueller8192 I am, in a different field. Munro knows more about this field.

[@torijones9992]

@@yarnomueller8192that is a great question. Most of these people commenting have no idea what they’re talking about

[@eugeniustheodidactus8890]

*RIP Lucid Motors.* What good was an EV with the best range if no one will be driving one? Too much bragging.... not enough demand or production.

[@hartfischer5509]

I so much hope they survive. Sad news.

[@havencat9337]

we all hope things that cant happen....

[@Mrbfgray]

IDK...Peter is pretty sketchy.

[@Victic005]

They have made it this far. Will make it to 2024.

[@johnbrown4568]

Lucid is in trouble because the cars are WAY too expensive and they are NOT Tesla. Just say’n…

[@nerdbikes3841]

Lucid is just to expensive. Beautiful car but needs a big backer like Stellantis as their halo car

[@bigdougscommentary5719]

They are backed by the Saudis.

[@gnryushi]

Lucid has zero chance. I've been saying this from the beginning, the whole ecosystem of charging is the key. Always has been. No one's buying an EV and looking forward to charing at those trash EVGo or Electrify America chargers. Everyone is hoping hard that TSLA opens more chargers up to non TSLA autos. Everyone was TOO FOCUSED on the end product to step back and realize this. And if you doubt what I'm saying why is Mercedes building out a 2,800 charger network of their own in the US? And what's even worse for the other EV competitors is TSLA and their Gigapress. They're gonna be pumping out so many more cars along with their battery partners that they have a massive lead of at least 15 years. And what will be the true test of that? When this next massive recession hits and EV subsidies go to shit there'll be graveyards of EV startups and EV lines of established legacy automakers (Ford) that TSLA will be the only game in town and maybe a few others. Toyota and VW group will maintain dominance because petroleum is still king and everyone will be caught lacking when this new reality kicks in.

[@tv-ld3wv]

Especially, lucid takes more than 3hours at Tesla supercharger

[@nickmcconnell1291]

VW and Toyota's profit all comes from China, US, and the EU. China will reach 50% of all new car sales being EV this year (if not there already). VW made 50% of their profits from sales in China....no more. The US's EV adoption trend lines show that it will be at 50% in 2026. The EU will be at 50% by 2025 or sooner. By 2030 it will be all over with more than 90% of all car sales being EV in all three markets where ALL their profit is made. This means that VW and Toyota would have to be selling 90% EVs to maintain their profits. Currently they make only negligible profits in other markets as their cars are too expensive for those markets. How then can gas be King? Gas stations will start collapsing within five years in the US as their patrons no longer come in to buy chips and beer (where the stations make their money). Gas refineries will start shutting down to avoid a glut on the market and a price crash will occur until that happens. By end of this decade it will be hard to find gas stations at all as more older cars break and are replaced.... very little demand for gas. Don't believe me? Look at what happened during Covid when gas sales went way down. Oil consumption went from 100 million barrels per day to 70 million. This caused oil prices to plummet to 20 dollars a barrel and lower and caused the end of fracking oil up in Montana. A lot of gas refineries shut down during that time too because of the glut. By 2028 there will be a similar lack of gas demand as there was during the worst of Covid but then it will continue to get worse and worse as EV sales continue to ramp. Many Oil companies will go bust as they will have huge loans for oil rigs and equipment that they cannot pay back. So Toyota and VW will make money on their gas cars how? I don't see how they could even give them away by 2030. It will be like hydrogen cars.... no where to fuel them unless you live certain places in California.

[@jimdee9801]

I just bought a petrol toyota. No hybrid complicated system for me

[@nickmcconnell1291]

@@jimdee9801 Hope you got a great deal.

[@jimdee9801]

@@nickmcconnell1291 having just learnt from this channel about the impending collapse of motor industry i probably should have waited, but time was not on my side alas

[@universeisundernoobligatio3283]

The high end car market is a small portion of the car market. Lucid is competing with the other high end EV makes for a small piece of a small piece of the overall market.

[@Chainyanker007]

And the charging infrastructure is not yet great except for Tesla’s SC network and Tesla is in no hurry to open up to non-Teslas. Opening up SC stations will go slowly and not all will be open to everybody. Also Tesla will squeeze out dollars for non-Tesla drivers. Lucid is a very nice EV but the price is way too high, I’ll stick to my MS. My old Toyota van will get replaced with a MY.

[@aceventuraaceventura2003]

You're right on the money. Layoffs are due to lack of demand, and a plethora of issues with their cars for customers expecting it to be better than other luxury vehicles such as Mercedes or Lexus. Should hardly be a comparison (one would think) for vehicle that costs well over $140K USD but on the contrary. And sadly, current macro economics headwind will be too much for many EV startups to say it modestly. I remember Jay Leno said on one of his videos during Lucid Air review and paraphrase "... once there were over 300+ car manufacturers and now there are only few remaining.." Last point I want to make is that when company layoff workers to survive, people that decides who gets axed are usually the ones that created the problems in the first place and the end result may be in the short term, stock may do okay at best. But, unless the fundamental root cause eliminated, chances of long term solvency will be minimal. Most of job cuts are those that are involved in making the product; so now it's a catch 22 situation where they cut people making the product but due to lack of demand, and not making the products will not generate revenue. Also, those jobs are not high paying jobs, mostly on par with minimum wage for line workers and below industry average salary for supervisory roles. They should not have wasted so much seed capital into putting them into posh Studios that people will stop by for novelty and once they see what the sticker ("shock") say they will turn around and run. So how does 1,111 h.p. and 500+ mile EPA range help save the company? I am already seeing lots of messages on LinkedIn for good and hard working people who got axed due to cuts posting messages looking for work. I do not see a positive outlook for this company based on what is happening in the industry. Right now, cash is king and they are running in short supply. I would not be surprised if they are already in talks to sell off the company in piecemeal. Arizona factory is likely to change ownership first and some will be relocated to Saudi Arabia to complete the AMP-2 build so that the cars can be made there under different management and branding.

[@nickmcconnell1291]

Lucid was trying to follow Tesla's example and create a luxury car first to gain a good reputation. The problem is that Lucid's engineers designed a car that was not easily built with automation and they set up a production factory that was much larger than they needed. The expense of that factory is amortized across each car they build which results in a large loss. Only if they could max out the factory with car production would they stand a chance of making money. Lucid made a cardinal error, they tried to run without learning to walk first. I think Tesla is starting to realize that they may play a much larger role in the transition to EVs than they thought as more and more EV makers start to fail. This explains the massive scale up of Master Plan 3. Tesla may end up as the only EV maker with any scale other than BYD. It will be mainly up to these two companies and manufacturers of very small EVs (Wuling?) to get us through this needed transition.

[@seannorthrop1009]

VW will do well also

[@sa34w]

Hyundai also will have a chance

[@nickmcconnell1291]

@@sa34w They have great EVs that's for sure! Let's hope they will dedicate factories and start producing them at scale so they can start making a profit on them.

[@jean-pierredumoulin8305]

no wonder 90m % of people are not buying electric cars. you dont know what you'r going to get

[@vipahman]

Just get a Tesla without FSD. You'll know exactly what you are going to get. And it is eye opening.

[@whynotstartusingyourbrain8726]

Anybody who knows anything about language didn't touch the stock with a ten foot pole. People get the name wrong. It's lose it. Not Lucid. Lucid means lose it.

[@danielfichana7188]

I was telling people this about Lucid years ago.. Lucid essentially copied Tesla's business plan from 10 years ago (longest ranged EV, using common cells, going upscale first, etc) Lucid wanted to get Model S like sales numbers from 2013 ish- BUT the electric industry has changed from a decade ago. Doesn't take a genuis to see how that will not work.

[@tv-ld3wv]

If Tesla has not produced Model 3, they were about to go bankrupt

[@danielfichana7188]

@tv Yes, but the Model S and X, as well as the ZEV credits, as well as getting the factory cheap- that slowed down the cash bleed. Then the boosted investor confidence of the Model S meeting/exceeding sales goals (which were high).. and having the number of reservations increase (circa 2012-2013) On the flip side, Lucid is having a demand issue (with low metrics), having issues converting reservations to orders, and having a decline in reservations, and is already pulling multiple demand levers; advertising, hitting up employees, price cuts, etc, while not even a year into production.

[@kinch-fd4np]

@@danielfichana7188 Kudos on your knowledge you are correct about everything. I am loading the boat on puts for Lucid. Did it before last Er made 150% on OTM puts and this time I am doubling down. Lucid is doomed unless they make a car for $65k and is actually profitable which they won't. Pete (CEO) is just taking the Saudis and investors alike for a ride.

[@danielfichana7188]

@0351 kinch I would be very careful shorting or options with Lucid. About a month ago it jumped up and doubled due to some investment website.. not a mainstream website and the rumor was behind an insanely expensive pay wall. I have no proof.. but it seems very odd that mainstream media would pick up the rumor from a not well known website AND run the story. It is also concerning that the website is not US based so not subject to US SEC regulation. The pay wall thing is really what gets me, it's an insanely expensive paywall and I would be very curious how that news got out.. literally the Twitter account has less than 1000 followers so.... just seems like someone playing a game to initiate a short squeeze or manipulate the stock. Just to put it perspective, seekingalpga has 100 X the webtraffic, heck a Javascript Dungeons and dragons generator made by a pathologist has a magnitude web traffic than betaville (where the Lucid rumor started).. so what I mean, very fishy that Betaville rumor would be taken so seriously.

[@aceventuraaceventura2003]

Yup, you're preaching to the choir.

[@Chainyanker007]

Is the Lucid CEO sleeping at the factory like Elon did when Tesla was starting up just like Lucid is now?

[@larryc1616]

Lucid CEO sleeps with escorts💋

[@simonscofield8825]

Yes they will last as they are backed by the Saudis..... unlimited money pit right there...

[@ordinaryhuman5645]

But for how long are they going to happily throw money away? Lucid probably isn't going to pan out ever because they were too late to the market while targeting a small market segment that they won't be able to profitably serve.

[@101therealest]

I rather buy tesla better lucid is to expensive if I spend 100,000 USD I RATHER buy a used Lamborghini 😂

[@TomTom-cm2oq]

Lucid, gone. If you’re investing in this company you definitely are NOT lucid.

[@christinearmington]

Too bad. Their cars are really beautiful! ✨

[@damatricrayton8942]

This guy said Saudi doesn't have enough money to keep lucid going hahaha lucid is a drop in the bucket to them lucid is going threw growing pains like tesla did new car companies are hard work there are a lot of moving parts lucid will make it

[@ConstanceCox]

Yes, the Saudis have a lot of money, but they have no idea how to build a car.

[@peterklausner9727]

Tesla Viking.. Just was wondering when Tesla has an issue or problems why are you so quiet? Like when 500k recalls happened on Dec 31 2021, or when they had recalls for things like the hood latch that could become unlatched during driving!! Or when recalls were ordered for even The steering wheels coming off? Or just Tesla QQ issues overall?? Take off those Tesla goggles mate, they don't even come close to being the best quality EV'S on the market..

[@zdme4864]

Will they last as they exist today. Not a chance. But as the Saudi manufacturing investment reflects their values… I suspect they will buy them out… and regroup .. making them somewhere else… saving them as a joint Saudi / Chinese manufacturing concern Not a chance of a manufacturing future in America!

[@stephenrye6474]

Most likely outcome is the!Saudi's take the company private.

[@vancity2349]

Bad timing for such an expensive EV. We need entry level EV’s… Model 2…

[@gargamelandrudmila8078]

What people and investors fail to see is that scaling manufacturing is hard, very hard. Even niche volume manufacturing is not easy and BEV's is the hardest because there is soo much new tech that has to be integrated it is a nightmare. The supply chains and logistics as well. So all BEV manufactures are not created equal. Hooefully Aptera will fair better than lusid given they have Sandy Monro working with them but he can not make the company a success on his own. Aperta have not shown me how they plan to do all the above things when it comes to manufacturing and,supply chains to become a volume manufacturer. They have less of a stressful task since they only need small battery packs buy their cars need the tech and need to be reliable and well built.

[@CatScanJim]

It's true what you say about KZbin. Half of the people that watch believe that Musk is making a Tesla phone.

[@sworks7124]

I have seen these cars in person and I can tell you they are very high quality construction. Great tech. The price is to high for what you are getting compared to Mercedes, Porsche and Tesla whom are all established companies.

[@michael-qp9xd]

Car balance visually looks poor with to much elongation when viewed from side. Probably this increases cabin volume which can be good but at a cost to looks or appearance for me at least is a deal breaker. Much perfer the tesla model s look.

[@RedSinter]

This is too bad as I hoped they did well as I thought the vehicle is beautiful and in general amazing... but the Saudi's need to prop them up as they are doing the switch it self to a greener future though slow they are doing it.

[@jianyang6281]

Lucid should do the same as elon mask did, opening factory in China. this is the only way to shorten the lead time for profit.

[@juansuarez3384]

Man the volume is super low, can barely hear on full volume and is an outlier relative to other videos.

[@mikafiltenborg7572]

Loos-it Motors have no costumers. It's a scam ‼️🚩🚩😎

[@AKA001]

Buying a Lucid in 2022, was like buying a Model S in 2012. Great car, plenty of problems… only trouble is. Wilkinson doesn’t have the ability to bluff (BS) the business out of trouble.

[@tv-ld3wv]

Also more expensive than Tesla in 2012 and 2022

[@cronostvg]

Were the 1300 staff were paperwork pushers?

[@blakespringpasturemortimer9168]

June 2018 - Tesla lays off 9% of its workforce. January 2019 - Tesla lays off 7% of its workforce. June 2022 - Tesla lays off 10% of its workforce. Layoffs are more often a sign of a business' realistic response to issues confronting them than they are a harbinger of doom. Just sayin'.

[@mateogomez8413]

Actually, Elon already mentioned that about layoffs, if you don't meet their standards you accumulate negative points, and then they cut the less efficient staff and launch job offers again, nothing to do with Lucid and his layoffs....

[@hokeywolf3416]

Except Lucid charges too much.

[@ssing7113]

And Elon said all the people laying around who finishes their jobs ( contract workers ) are saying bye bye. Tesla is expanding in areas needed. Laying off those who have finished their work This is commonly seen in Netflix and pisses people off but if you’re contracted don’t expect to stay

[@vipahman]

My son just got his first job in Lucid while this layoff was announced. WTF is going on?

[@eugeniustheodidactus8890]

There is little demand for such an expensive toy, and Lucid can't ramp production for many reasons. I hope your son will find a soft landing. It will take a miracle to save Lucid in this economy.

[@Nessal83]

Luxury goods don't do well in recessions expecially one with high interest rates

[@nordlandak6853]

He’s cheaper replacement!

[@willemvandoesselare7959]

I have only one thing to say , PIF . Bye .

[@klippe]

TIME TO SHORT LUCID STOCK

[@danielfichana7188]

Careful.. what scares me with shorting it is some rumor can jump up the stock.. about a month ago there was a rumor on a word press like finance page, made the stock jump.. very odd that it has less than 1000 followers and it was a rumor that made international news

[@tv-ld3wv]

Go

[@oggyoggy1299]

They won’t be around for long.

[@medannylee1]

Lucid not so Lucid,

[@CplHicks31415]

Underlying tech is good. Hope they get past the "early days-roller coaster ride" soon.

[@aceventuraaceventura2003]

I think eventually will catch up to their level, it's just matter of time. But Lucid has already started off on a wrong foot multiple times in just over a year since their debut. And this economy will be unforgiving to those companies that constantly makes mistakes.

[@vwasson6725]

Go look at their lot of new cars. There are ~2500 of them just sitting their. Some with more dust than others as they've been their longer. I never really liked the CEO much. Came off as overconfident IMO. Especially when he would enable them to avoid the production hell of ramping up due to his experience at Tesla. That proved he didn't know as much as he thought he did. Lucid is on what, their 2nd maybe 3rd model AND still have not figured out how to lower their cost to manufacture and do it scale? Somebody is going to buy them out as the product itself has potential.

[@williamborgeson7172]

It's a nice vehicle. I bought a Pure and then upgraded to a Touring but wanted the massage seats. Was told those are only avail on the Air GT for 140k. I do OK but don't want to spend 150k with tax. 2 time Tesla owner and just bought a MB 2023 EQS 450+ instead and its FANTASTIC!!!

[@craigme2583]

Do you ever keep a car more than a month?

[@MrArtist7777]

I think Lucid should merge with Ford as Ford's premium brand as Lincoln is a joke, only for senior citizens. Lucid has a great car, but, only 1 great car, they need a smaller sedan as well. There are WAY too many auto manufacturers and auto brands in the world, they need to combine or phase out to exist. Lucid is battling in a very small market class of premium, very expensive, large EV sedans with: Mercedes, Tesla, BMW, Audi and Porsche, all whom have established, large customer bases. Lucid should merge quick, or die off.

[@stevehofer3482]

Lucid now has a market cap of around 14 billion. When it falls below what it would cost to develop an electric car platform, it should become attractive to a traditional car maker.

[@ordinaryhuman5645]

But it won't, because the platform won't be suitable for what legacy auto needs (something that will scale and allow for reasonably priced cars produced at high volumes).

[@_PatrickO]

A chinese company may buy it for branding. GM has no in house EVs besides the hummer which is the least efficient production EV ever made. It would make sense for them to buy lucid, but GM is not capable of merging them into GM and utilizing what they bought. GM is too broken as a company. Ford admitted the efficiency in the mach-e and lightning are jokes back in january. They claim to be doing ground up redesigns to improve efficiency for new versions using LFP. They won't need lucid if they are already doing it. Ford also cannot afford to buy them.

[@stopthefomo]

Why? It's not hard to make a $120K car that goes 500 miles but Ford is trying to sell to a market that wants to pay less than $55,000 - this is where you make your money. What Lucid is doing is NOT special at all. What's special is that the Tesla is cheaper and profitable while the Lucid Air is more expensive and unprofitable.

[@_PatrickO]

@@stopthefomo Lucid is doing what tesla did. Start luxury and move down. This is because at the luxury level you make way less cars for higher prices. Lucid screwed up by doing it in 2022 instead of 2012.

[@hokeywolf3416]

Maybe the assets. Not the company.

[@Paul-ng4jx]

Or how about the hummer EV almost paying 200 grand for something that’s barely got the mileage of a model three😂😂😂😂😂😂

[@johnbirk843]

The big-money investors are with the profits are for the stock market, the small investors I just window-dressing to make him seem nice and when the market starting to go South Bay to pump and dump to the little guys. The analyst start talkin and pumping up the stock, Manuel was selling off the holdings of the big investors. In the end the big investors get the gold mine and the little guys get the shaft. It's a technique as old as the hills.

[@blakespringpasturemortimer9168]

Lucid says it's laying off 18% of its workforce. This video -- which held forth at length in the opening to be all about the truth -- says Lucid is laying off 30% of its workforce. That's a pretty big difference. So, who is actually telling the truth?

[@blakespringpasturemortimer9168]

@Ziplokk Check time mark 9:01, where the Viking said, "how do they [Lucid] prevent this stuff from happening in the future if their workforce is now being slashed by 30%?" Yeah, sure, he later says 20%. All that means is that he just pulls numbers out of his ass to make points he wants to make. And all this after the long lecture at the start of the video about shady clickbait tactics and posting lies to attract viewers.

[@mateogomez8413]

@@blakespringpasturemortimer9168 stop fighting, eventually it will go under and arabia will buy the company outright at a depressing price.

[@aceventuraaceventura2003]

I think you're cherry picking and missing the big picture.

[@blakespringpasturemortimer9168]

@@aceventuraaceventura2003 I wouldn't have raised the issue had the opening of the video not made such a point about the accuracy and integrity of the channel. What he called "slashing" the workforce by 30% was actually an 18% adjustment of the workforce in response to economic conditions. The stock began to rise shortly afterward, and some firms upgraded the stock from "sell" to "hold" status. That shows market confidence in Lucid's actions, not the beginning of a descent into oblivion that this video suggests. It's one thing to give an opinion. It's quite another to fabricate figures to support that opinion.

[@stevecastellanos]

Yikes Marcus Browlee got some s'plaining to do.

[@havencat9337]

compared to Tesla theres not much Lucid can offer to worth the difference in money....200K car? give me a break....you get 3-4 Teslas. Wake up people, this company its not going to make it

[@Ash-db9cb]

The difference is Tesla power train and batteries are garbage you will be stranded guaranteed within 10k miles will keep coming back and back once your warranty expires your car is garbage keep wasting your money did you think about that one to do you remanufacture the units to know the difference no I didn’t think so good luck with that moron lol😂

[@ciybersal9833]

400volts Vs 920v architecture. Lucid dream is faster than S plaid check YT yourself. Tesla looks so dated next to it

[@eudezperezvalentin5559]

@@ciybersal9833Please give a link to that KZbin video.

[@geoffgeoff143]

Smells of bad management

[@joesmith9483]

how do you get the car fixed if the company goes out of business???

[@larryc1616]

It's like my Sears appliances 😏

[@aceventuraaceventura2003]

Put it in Self Storage and years from now, it will become a collector's item.

[@epi2045]

Lucid will be a lucid dream of an EV company that pretended to be better than Tesla.

[@aceventuraaceventura2003]

Also, what's dumb is they have no logo, it's just words "LUCID" -- never came across a car company that does not have a logo. It's one of the very basics of branding.

[@epi2045]

@@aceventuraaceventura2003 I’ve watched videos of Lucid’s management. They come off arrogant for a very small manufacturer without any sizable production run. They think they’re above other manufacturers including Tesla and don’t need a logo.

[@ryanchurch5864]

CEO Rawlinson is sleeping on the factory floor to help fix this, right?

[@hokeywolf3416]

Yes, sleeping and depressed. Not getting up.

[@ssing7113]

BURN 🔥

[@aceventuraaceventura2003]

No, he stays at a posh hotel and gets schaufferd around. Hardly Bill Gates nor Steve Jobs IMHO.

[@farhaanchy]

not recalling all the cars...fact check its 670 cars

[@brianmull1835]

Lucid has Saudi....They will be fine. Long term investment

[@Paul-ng4jx]

I feel bad for Lucy they were supposed to take out Tesla that’s what everybody promised. This is what happens when you rush cars into the world without properly testing just to try to say oh I’m here first I’m better that’s the difference between Tesla and all these other dealerships putting out vehicles they don’t extensively test him for all their issues like rivian and rivian. I did Scott so many crappy reviews how crappy their trucks are.

[@stopthefomo]

It has nothing to do with testing or QC. Even if the Lucid was PERFECT in every way, you do know that at $120,000 the Lucid Air is still not profitable, because they have not achieved economies of scale and with raw materials going through the roof, these cars should be priced 20% higher to keep Lucid viable. The market for this car is tiny TINY, and in that same market next year BMW and Mercedes will be introducing similar EVs for a similar price, then what? Lucid cannot have 100% of the $130K market when Mercedes and BMW enter the fray.

[@dhui777]

It took more than 10 years for Tesla to be close to profitable. Lucid will need just as much time if it survives then.

[@enadegheeghaghe6369]

The EV market is very different from what it was 10 years ago. There is a lot more competetion now. And prices are falling due to the intense economic pressures. Lucid will be lucky to survive the next 2 years

[@therealarchitects]

Yea we love our SUV's!

[@USA-GreedyMenOfNoIntegrity]

Nope.

[@alfredotto7525]

It doesn't have any range if it bricks itself.

[@ConstanceCox]

Mama always said you were the smartest

[@anonmouse956]

I see a lot of Lucids in wealthy areas of los angeles like Pacific Palisades. There is a market for the cars.

[@stopthefomo]

50,000 car sales a year is not profitable. Porsche almost went out of business selling only expensive 911s and it wasn't until they added SUVs did they become consistently profitable.

[@ssing7113]

And the market is small. Think their buying another next year Yea beautiful cars. That doesn’t matter when it comes to math. The math don’t add up when your competition is tesla S. Bentley. Land Rover. Porsche. .

[@ivanronin8209]

Absolut !!! I will take Lucid Air over a Ferrari or Bentley any day !

[@Bizmyurt]

@@stopthefomo it started with Boxster and then cayenne which was a vw and ugly but people went for it. Prior to that they survived doing assembly of Mercedes 500E.

[@craigm8591]

I have made plenty of bad trades, bought this as a SPAC, managed to double and get out about $40 and put that into TSLA. I think LCID vehicle is one of best looking vehicles(better than TSLA’s)……. getting to volume production is really hard.

[@ssing7113]

Yeah it’s a better car. At twice the price… Lucid is a fancy steak dinner. Tesla is McDonald’s. Who do u think is going to have consistent income and stability. Not everyone can afford the $400 steak dinner I’d buy a lucid if they weren’t going down the tube.. so my money went to tesla

[@Ssshortman]

I was in at 16 and out at 37. That's the only thing I expect from Lucid short term. I hope they survive.

[@bluetoad2668]

​@@ssing7113Tesla's 3 and Y might be McD but the S and X are better than Lucid.

[@danielcurtis4179]

Why are so many cars not being delivered? Is there no demand?

[@bigdougscommentary5719]

They can't produce them at any reasonable volume.

[@Chainyanker007]

You got to produce them first, therein is the problem.

[@mikafiltenborg7572]

Lucid have No costumers. Its a SCAM

[@gacattack1234]

They need someone like Elon to debug and streamline their operations.

[@mateogomez8413]

@ziplokk1453 understands that making cars by hand is useless, making automated and efficient production is the key.

[@gacattack1234]

@Ziplokk if they're not doing things like Tesla it is the production on top of not having a mass market vehicle, only way they can do that anytime soon is to sell a stripped down version of the Air with a single motor, smaller battery pack, basic tech and interior but that may not be cheap enough.

[@timmy2310]

Name a vehicle manufacture without a recall? Name one. Lucid makes an amazing vehicle and will overcome any adversities. Just like Tesla did.

[@enadegheeghaghe6369]

It's not just the recall, they are bleeding cash and having tremendous difficulty ramping up production. There is no point comparing them to what Tesla did 10 years ago. The market has changed. There is a lot more competetion now and the economy isn't what it was back then

[@aceventuraaceventura2003]

@@enadegheeghaghe6369 No demand. To put it in perspective, Tesla back in 2011-2013 had over 100K+ reservations for Model S. Elon did not build a greenfield factory. Instead, he made a deal to purchase the old run down factory that used to be GM/Toyota venture called NUMI in Fremont, CA for I think less than $500million. On the other hand, Lucid had (purportedly) around 24K reservations yet they are spending billions in brand new factory multiple times called Phases. And this my friend, is Lucid's downfall.

[@JamaicanMeCrazy]

Did viking say he doesn't know if the Saudis have enough money to save lucid? Wut mate? I think they'll be ok.

[@bigdougscommentary5719]

Ah, but will they spend it, that's the question.

[@Chainyanker007]

You can keep a sinking ship from sinking for only so long.

[@enadegheeghaghe6369]

The Saudis are rich but I don't know if they are in the habit of throwing away money

[@connclissmann6514]

​@@enadegheeghaghe6369 Credit Suisse? Vision Fund? Selling Tesla early?

[@wit82]

Keep talking s... Lucid has a bright future

[@mikafiltenborg7572]

Lucid have No costumers. Bankrupt 2025......

[@dtomaz1]

Will last as long as Saudi money props them up.

[@steverinaldi890]

I run a logistics company in AZ and refused to do work with Lucid. They are a mess and I tried over a span of a few months thinking it was growing pains but it continued. Now I am with a company that deals heavily with them and it’s apparent from my standpoint-they are having serious issues. Another quick note-how many Lucids do you see in the valley or across the country? I see Tesla everywhere. I see Lambos, Porsche, and every high end car you can imagine in the area but rarely see a Lucid.