double_m
1 month ago
It was known months ago that they were moving away from selling passenger vehicles and would relying on sales from their 'engineering prowess.' Regardless of the reason, this is the norm for them. It runs up close to $3, then crashes right back down to this level.
Cars as a showroom for Lucid tech
Lucidโs luxury EVs arenโt just meant to be sold, theyโre meant to showcase whatโs possible with the companyโs powertrains. โPeople think, 'Oh, why didn't you just be a supplier, Peter?' Because we need the cars as a shop window for our product,โ Rawlinson said.
https://www.msn.com/en-us/autos/news/lucid-wants-to-sell-a-lot-more-than-just-cars/ar-AA1yW4r0?ocid=hpmsn&cvid=6a68d16150214f32c73893717dc049f1&ei=68
Nukemtiltheyglow
2 months ago
Just the facts M'am...
TSLA 30 day trend: Lo = 223.41, Hi = 352.39, Delta = 58%
RIVN 30 day trend: Lo = 10.90, Hi = 17.10, 57%
LCID 30 Day trend: LO = 2.24, Hi = 2.97, 33%
EVs doing rather well, LCID riding the wave. US Manufacturers are going to kick butt.
double_m
2 months ago
Lucid Q1 Earnings Preview: Analysts point to scalability issues and competition from Chinese EVs
May 05, 2025 11:54 AM ET
By: Akanksha Khushi, SA News Editor
EV manufacturer Lucid (NASDAQ:LCID) is set to report its first quarter earnings result on Tuesday, May 6th, after the closing bell. Analysts on consensus expect the company to report a loss of $0.23 per share. Meanwhile, revenue is expected to increase more than 40% from last year, to $247.54M.
Seeking Alpha analyst Juxtaposed Ideas pointed to LCIDโs lack of floor in a recent analysis, partly attributing it to more cash burn and dilutive capital raises over the next few years.
โThis is worsened by the higher FY2025 capex, ongoing ramp-up of its Gravity production, and plan to enter the midsize electric SUV market in 2026,โ the analyst added. The analyst also said that despite Lucidโs plans to enter international markets such as Saudi Arabia and the EU, the automaker is likely to face immense competition from lower-priced Chinese EVs too.
Before we head into Lucidโs earnings, letโs take a look at some significant announcements made by the company in the past quarter.
Lucid said last month that it is on track to enter the midsize electric SUV market in 2026. The new model will join the Lucid Air sedan and Lucid Gravity SUV in the company's lineup. Lucid also said last month that it produced 2,212 vehicles for the quarter that ended on March 31. The company delivered 3,109 vehicles during the quarter to top the consensus estimate of 2,947 vehicles.
In the last one year, the EV-maker has beaten both EPS and revenue estimates 75% of the time. Analysts have revised their estimates for both top and bottom-line in the last three months, with both EPS and revenue estimates seeing two upward revisions each.
Seeking Alpha analyst Dilantha De Silva has a bearish view on LCID stock, citing persisting scalability issues. โLucid's niche market focus and inability to scale profitably make it an uninvestable option despite short-term gains from Tesla's struggles,โ De Silva added.
https://seekingalpha.com/news/4441137-lucid-q1-earnings-preview-analysts-point-to-scalability-issues-and-competition-from-chinese-evs
TucsonPhil
4 months ago
Will this company ever get production running, to realize some economy of scale?
Materials will get more expensive, so hopefully they are looking to alternate sourcing, to avoid the tariff impacts.
The U.S. needs more rare earth sources to avoid importing the exotic magnet material, but starting today, full mining production timeframe is years in the making.
What are their plans to drive cost of vehicles down to the average consumer budget?
The cars are beautiful and had so much promise, but delivery timeline is moving much too slowly.
As I have said before, they are trying to achieve absolute perfection, in a world where other manufacturers believe 80% perfect is good enough.