# Lucid Group (LCID). New Tesla or better?
**URL:** https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320
**Category:** Osakkeet
**Tags:** lucid, lucid-group
**Created:** [October 15, 2021, 9:20am UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320 "2021-10-15T09:20:12Z")
**Posts on this page:** 20
**Page:** 2
### Author:  [@Raha-aasi](https://forum.inderes.com/u/Raha-aasi)
#### Post date: [October 29, 2021, 4:15pm UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/21 "2021-10-29T16:15:40Z")
> [@Kalastelija1](#):
>
> Indeed, Peter Rawlinson spoke about Lucid at the FII (Future Investment Initiative) seminar in Riyadh. Could that have had an impact?
Today is a quieter day, so I had time to watch Peter Rawlinson’s latest (Oct. 28) Lucid presentation. I recommend watching it if you’re interested in the EV market and Lucid. It’s only a quarter of an hour long, and the good news convinced me, at least.
Rawlinson’s main point is that the EV competition is primarily a technology competition. In this, he sees Tesla and Lucid currently being superior. They are the only two companies that build their cars in-house. According to him, electric car “assemblers” will not win the technological race. At the same time, the graphs make it clear that Lucid outperforms Tesla in range and battery efficiency quite well.
Tomorrow, Peter will be in California handing over car keys to the first lucky recipients. An interesting weekend ahead.
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### Author:  [@Raha-aasi](https://forum.inderes.com/u/Raha-aasi)
#### Post date: [October 31, 2021, 6:35am UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/22 "2021-10-31T06:35:21Z")
The delivery ceremonies have now been held, and the first hype from the new owners is out. It is indeed a stylishly designed car (video footage of a drive-by in the link): grinning\_face\_with\_smiling\_eyes:
[https://insideevs.com/news/544466/lucid-air-dream-edition-rally/amp/](https://insideevs.com/news/544466/lucid-air-dream-edition-rally/amp/)
I believe that in the coming weeks, more and more articles will come out comparing Lucid vs Tesla. The Lucid with the longest range and most powerful battery will become the benchmark for other brands. Tesla is now behind. I can’t say anything about the stock’s pricing based on fundamentals. However, in absolute terms, Tesla’s market capitalization rose many times over Lucid’s increase this week alone (market cap now 60 billion). Rivian’s IPO is approaching, and it is valued at 80 billion. So, I believe that Lucid’s market capitalization will increasingly be compared to Tesla and Rivian. From this perspective, I think there is a lot of room for growth.
[https://twitter.com/LucidMotors/status/1454533508420956163](https://twitter.com/LucidMotors/status/1454533508420956163)
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### Author:  [@Nortti](https://forum.inderes.com/u/Nortti)
#### Post date: [October 31, 2021, 10:19am UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/23 "2021-10-31T10:19:16Z")
My friends on the West Coast seem to be eagerly awaiting Lucid and Rivian as their new rides. Their current cars include Teslas, Lexus, and Prius hybrids, etc. For ski trips to Tahoe, alongside a Patagonia puffer vest, you need an impressive car that also resonates with your eco- and tech-conscious personal brand.
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### Author:  [@Raha-aasi](https://forum.inderes.com/u/Raha-aasi)
#### Post date: [November 2, 2021, 11:12am UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/24 "2021-11-02T11:12:37Z")
> [@Raha-aasi](#):
>
> Rivian’s IPO is approaching and it’s valued at 80 billion. So I believe that Lucid’s market value will be increasingly compared to Tesla and Rivian.
Rivian’s IPO is valued at about 55 billion dollars. So I need to correct my previous comment with this new news. That’s all from me 🙂
[https://www.cnbc.com/2021/11/01/rivian-aims-for-60-billion-valuation-in-upcoming-ipo.html](https://www.cnbc.com/2021/11/01/rivian-aims-for-60-billion-valuation-in-upcoming-ipo.html)
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### Author:  [@Parsa](https://forum.inderes.com/u/Parsa)
#### Post date: [November 4, 2021, 1:29pm UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/25 "2021-11-04T13:29:46Z")
Lucid has apparently quietly started many kinds of marketing campaigns, as, for example, in the last season of Amazon Prime’s Goliath series, the moguls ostentatiously drive Lucids in several, if not every, episode.
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### Author:  [@Raha-aasi](https://forum.inderes.com/u/Raha-aasi)
#### Post date: [November 5, 2021, 4:16pm UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/26 "2021-11-05T16:16:35Z")
Motortrend has test-driven the Lucid Air Grand Touring, which is Lucid’s second most expensive version. In this and many other reviews, the Lucid receives very positive feedback.
> **[2022 Lucid Air Grand Touring EV First Test: Rethinking the Luxury Sedan](https://www.motortrend.com/reviews/2022-lucid-air-grand-touring-electric-luxury-car-first-test-review)**
>
> Ignoring its huge technological strides and stripped down to its most basic purpose, just how good is the new Lucid Air Grand Touring EV as a car?
“The 2022 Lucid Air may be pricey, but for those shopping for an executive luxury sedan, it’s worth it. The Air is not just the most compelling American luxury car in recent memory, it’s also an impressive rethink of what a luxury sedan should be.”
(The stock price is also on the rise again. No daily news has come out to explain this rise this time. Hype and high expectations 🤔).
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### Author:  [@Raha-aasi](https://forum.inderes.com/u/Raha-aasi)
#### Post date: [November 6, 2021, 7:50am UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/27 "2021-11-06T07:50:01Z")
Reasons for yesterday’s +12% increase, gathered from various sources:
- MotorTrend’s glowing review
- Rivian’s IPO pricing rose and market value climbs to $70 billion (e.g., WSJ link below, paywall).
- Speculative rise from the possible approval of the Infrastructure Bill separately (the left wing is leaning towards separate consideration of the Social Spending Bill). This indeed passed the House of Representatives last night, as Democrats reached a slim compromise among themselves. The package includes, among other things, support for charging station infrastructure.
- Lucid continues to increase the number of showrooms. A new studio opens today on the East Coast (Washington, D.C. Metro Area).
[https://www.wsj.com/articles/rivian-automotive-boosts-ipo-price-range-11636150921](https://www.wsj.com/articles/rivian-automotive-boosts-ipo-price-range-11636150921)
[https://ir.lucidmotors.com/news-releases/news-release-details/lucid-opens-studio-location-washington-dc-metro-area](https://ir.lucidmotors.com/news-releases/news-release-details/lucid-opens-studio-location-washington-dc-metro-area)
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### Author:  [@T.jii](https://forum.inderes.com/u/T.jii)
#### Post date: [November 9, 2021, 11:28am UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/28 "2021-11-09T11:28:48Z")
+6% premarket. Looks good (today too).
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### Author:  [@Raha-aasi](https://forum.inderes.com/u/Raha-aasi)
#### Post date: [November 15, 2021, 12:31pm UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/29 "2021-11-15T12:31:03Z")
MotorTrend chose Lucid as the 2022 Car of the Year.
11/15/2021
> **[The Lucid Air Is the 2022 MotorTrend Car of the Year](https://www.motortrend.com/news/lucid-air-2022-car-of-the-year)**
>
> Once again, a high-performing, long-range, game-changing electric sedan from a California startup earns our Golden Calipers.
Today, after the stock market closes, there will be a Q3 release. July-September is unlikely to be of much interest, as customer deliveries began in October. The most important things that will likely be discussed in the briefing are: How many pre-orders have been made, can Lucid deliver cars in line with Q4 and 2022 targets (are there component shortages, have there been challenges in ramping up the factory?), how far will the billion-dollar cash reserve last now that the expansion work on the current factory has apparently begun.
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### Author:  [@Raha-aasi](https://forum.inderes.com/u/Raha-aasi)
#### Post date: [November 16, 2021, 7:12am UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/30 "2021-11-16T07:12:06Z")
No unpleasant surprises in the Q3 presentation. A few quick takeaways:
- At the end of Q3, reservations totaled over 13,000 (monetary value over $1.3 billion), after which reservations grew to over 17,000 by November 15.
- Cash reserves are $4.8 billion.
- Construction of the factory expansion has begun. With current factory capacity, production capability is 34,000 cars per year. After the expansion, it will be 90,000 cars per year.
- EMEA will get its first studios and service centers in 2022, and China in 2023.
- I found no mention of acute problems in the initial production ramp-up; rather, targets are being met. The CEO mentions this regarding the near-term outlook:
**Looking Forward**
Looking ahead, Peter Rawlinson noted, “We see significant demand for the award-winning Lucid Air, with accelerating reservations as we ramp production at our factory in Arizona. We remain confident in our ability to achieve 20,000 units in 2022. This target is not without risk given ongoing challenges facing the automotive industry, with global disruptions to supply chains and logistics. We are taking steps to mitigate these challenges, however, and look forward to the launch of the Grand Touring, Touring, and Pure versions of Lucid Air through 2022.”
Edit: Adding a link to the conference call transcript. The Q&A section has interesting answers from the CEO and CFO.
[https://seekingalpha.com/article/4469784-lucid-group-inc-lcid-ceo-peter-rawlinson-on-q3-2021-results-earnings-call-transcript](https://seekingalpha.com/article/4469784-lucid-group-inc-lcid-ceo-peter-rawlinson-on-q3-2021-results-earnings-call-transcript)
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### Author:  [@Raha-aasi](https://forum.inderes.com/u/Raha-aasi)
#### Post date: [November 16, 2021, 5:07pm UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/31 "2021-11-16T17:07:12Z")
CEO Peter Rawlinson’s views after the Q3 release.
[https://www.cnbc.com/amp/2021/11/16/lucid-ceo-says-the-company-could-eventually-be-valued-like-tesla.html](https://www.cnbc.com/amp/2021/11/16/lucid-ceo-says-the-company-could-eventually-be-valued-like-tesla.html)
Momentum in EV stocks continues. As I write this, Lucid’s daily increase is +14%.
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### Author:  [@o11](https://forum.inderes.com/u/o11)
#### Post date: [December 9, 2021, 4:58pm UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/33 "2021-12-09T16:58:15Z")
[https://seekingalpha.com/news/3777257-lucid-group-is-down-15-after-disclosing-sec-subpoena](https://seekingalpha.com/news/3777257-lucid-group-is-down-15-after-disclosing-sec-subpoena)
[https://seekingalpha.com/amp/news/3778499-lucid-group-to-sell-175b-of-convertible-senior-notes](https://seekingalpha.com/amp/news/3778499-lucid-group-to-sell-175b-of-convertible-senior-notes)
The latest news from Lucid Motors: trouble with the SEC and fundraising. Today, it seems to be down a good -10%, although there’s still probably some room to squeeze more out of its 65 billion market cap if it comes to that.
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### Author:  [@Simankeittaja](https://forum.inderes.com/u/Simankeittaja)
#### Post date: [December 9, 2021, 5:40pm UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/34 "2021-12-09T17:40:16Z")
Presumably, the money will be used in a way that generates value. Below, that loan has been opened up more technically. I personally cast my line, but it might still be too deep 🤔
[https://twitter.com/WallStreetRy/status/1468707006357946372?t=3eall-0cavULAfw5m4aItA&s=19](https://twitter.com/WallStreetRy/status/1468707006357946372?t=3eall-0cavULAfw5m4aItA&s=19)
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### Author:  [@Jemmari](https://forum.inderes.com/u/Jemmari)
#### Post date: [December 13, 2021, 7:23am UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/35 "2021-12-13T07:23:00Z")
Lucid is being added to Nasdaq 💯, December 18.
Let’s see how the stock reacts.
[https://www.bloomberg.com/news/articles/2021-12-11/airbnb-lucid-and-zscaler-added-to-nasdaq-100-tech-benchmark](https://www.bloomberg.com/news/articles/2021-12-11/airbnb-lucid-and-zscaler-added-to-nasdaq-100-tech-benchmark)
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### Author:  [@Sijoitusnainen](https://forum.inderes.com/u/Sijoitusnainen)
#### Post date: [March 11, 2022, 11:55am UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/36 "2022-03-11T11:55:20Z")
What’s the mood like with Lucid? It’s dropped a bit and the world situation makes me a bit worried about it.
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### Author:  [@Kaira](https://forum.inderes.com/u/Kaira)
#### Post date: [May 8, 2022, 7:50am UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/37 "2022-05-08T07:50:58Z")
Good to know that luxury EVs will be selling well in the future. There will always be wealthy people in the market who prefer to buy luxury EVs that stand out from the crowd.
> **[Saudi-Arabia tilasi 100 000 Lucid-sähköautoa](https://www.iltalehti.fi/sahkoautot/a/07165262-3afd-4a0d-819b-4c4263b523c9)**
>
> Amerikkalainen Lucid solmi sopimuksen sähköautoista Saudi-Arabian hallituksen kanssa.
Let’s also cram Q1 into the same post. A recommended read, positive buzz all around.
[https://finance.yahoo.com/news/lucid-reports-first-quarter-2022-200500735.html](https://finance.yahoo.com/news/lucid-reports-first-quarter-2022-200500735.html)
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### Author:  [@Divinesia](https://forum.inderes.com/u/Divinesia)
#### Post date: [August 4, 2022, 12:03pm UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/38 "2022-08-04T12:03:03Z")
Lucid once again lowered its production guidance for this year, producing 679 cars in the second quarter.
> **[Lucid cuts production forecast again, shares tumble](https://finance.yahoo.com/news/lucid-earnings-153606528.html)**
>
> Lucid shares fell late Wednesday after the company slashed its production forecast for the second quarter in a row.
[https://www.cnbc.com/2022/08/03/lucid-lcid-q2-2022-earnings-and-production-forecast.html](https://www.cnbc.com/2022/08/03/lucid-lcid-q2-2022-earnings-and-production-forecast.html)
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### Author:  [@Blueboy](https://forum.inderes.com/u/Blueboy)
#### Post date: [November 9, 2022, 7:46am UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/39 "2022-11-09T07:46:12Z")
[https://finance.yahoo.com/news/lucid-announces-third-quarter-2022-210700081.html](https://finance.yahoo.com/news/lucid-announces-third-quarter-2022-210700081.html)
Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced financial results …
Not that incredibly strong performance right now..
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### Author:  [@Wrangler](https://forum.inderes.com/u/Wrangler)
#### Post date: [November 8, 2023, 9:08pm UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/40 "2023-11-08T21:08:30Z")
So in Q3/2023, every car sold resulted in a $430,000 loss, calculated this way. Apparently, the Saudis have plenty of oil billions to spare, as Lucid is about to unveil a new SUV at the upcoming LA Auto Show. It brings to mind DNA’s old “Elämä on” (Life is) commercial where a fireplace is lit with banknotes; in this case, the fire would probably be lit with €100,000 bills, if someone were to print them…
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### Author:  [@Wrangler](https://forum.inderes.com/u/Wrangler)
#### Post date: [May 6, 2024, 12:06pm UTC](https://forum.inderes.com/t/lucid-group-lcid-uusi-tesla-vai-parempi/24320/41 "2024-05-06T12:06:39Z")
Lucid announced its results for the first quarter of 2023. It reported a loss of $779.5 million, and 1,728 cars were delivered to customers. Consequently, revenue grew to $149.4 million. Roughly calculated, every car produced resulted in a loss of over $80,000. The company aims to deliver 10,000 cars this year. CFO Sherry House announced that the company’s funds would last until the second quarter of 2024, and the company has started cost-cutting measures by laying off 18%, or 1,300 people, of its workforce. Lucid blamed the U.S. government for the delay in the electric vehicle subsidy package and its impact on a weak January. At the same time, it emerged that the information previously provided by the company regarding pre-orders for the Lucid Air model has vanished into thin air, and the company refused to provide information on the current reservation status during the press conference. The company’s share price fell sharply in New York, as the losses were many times higher than what had been expected. However, Lucid announced that the new luxury SUV, the Gravity, will be released at the end of this year, and the model is set to go into production during 2024. The starting price for the Gravity is estimated to be around $80,000 in the USA.
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