[eruxiz]

Lucid Motors, the luxury electric vehicle manufacturer, has released its financial results for Q4 2022 and the full year, disappointing Wall Street with lower-than-expected revenue. Despite exceeding its slashed production guidance, the automaker reported a loss of $0.28 per share for the year. However, Lucid remains optimistic, announcing plans to double production in 2023.

Source: Lucid Motors Reports Disappointing Q4 2022 Results but Remains Optimistic for Future Growth

 

[Paul j Filidei]

Not a large holder of Lucid Stock..but have been in since CCIV.I have Lucid on a few accounts..One is webull.only because of able to chat with lucid stock holders..I luv Lucids technology and it has a great Future... In Q4 live release lucid didn't hardly answer any sub mitted questions..big mistake.. No transparency on why so many EV s on the lots.?? ..Part way understandable..Lucid stock is being shorted so heavily. And Shorts were starting to back out till the Live report..Peter Rawlinson is a Genius and he has a great vision. But he understands the whole nice yards in his brain.... And not releasing enough information to Holders is talking a dire effect... yes Weebull is a small platform but go on the Lucid Chat and will see what most everyone is thinking about lack of information and the Stock......It is a reflection of Lucids State..Go Lucid and please let information start coming.. lack off is killing many investor's.

 

[evonthego]

I think this all just points to Lucid needing to expand to other markets.

This is quite the drop in reservations:

Luxury EV maker Lucid appears to have a demand problem

Lucid plans to build just 10,000 to 14,000 vehicles in 2023, despite factory capacity to build more.

www.cnbc.com

• Luxury electric vehicle maker Lucid said during its fourth-quarter earnings report that it had “over 28,000” reservations for its Air sedan as of Feb. 21, down from “over 34,000″ reservations in November.
• It plans to build just 10,000 to 14,000 vehicles in 2023, despite factory capacity to build more.
• Lucid stock has sold off since its earning report, as demand concerns raised questions for investors.

 

[doma135]

Lucid Motors, the luxury electric vehicle manufacturer, has released its financial results for Q4 2022 and the full year, disappointing Wall Street with lower-than-expected revenue. Despite exceeding its slashed production guidance, the automaker reported a loss of $0.28 per share for the year. However, Lucid remains optimistic, announcing plans to double production in 2023.

Source: Lucid Motors Reports Disappointing Q4 2022 Results but Remains Optimistic for Future Growth

I am trying to figure out what is going on at Lucid.

Lucid Motors, the luxury electric vehicle manufacturer, has released its financial results for Q4 2022 and the full year, disappointing Wall Street with lower-than-expected revenue. Despite exceeding its slashed production guidance, the automaker reported a loss of $0.28 per share for the year. However, Lucid remains optimistic, announcing plans to double production in 2023.

Source: Lucid Motors Reports Disappointing Q4 2022 Results but Remains Optimistic for Future Growth

I am trying to figure out what is going on at Lucid. I have two cars reserved, a Touring and an Air for my wife. I tried to cancel the Touring in December but it still shows as an order and there has been no refund or communication as promised. Obviously Lucid still has the canceled car counted as on order. Now Lucid says they aren't giving production numbers moving forward. I am alarmed they are hiding something. I am leaving things as they are to see what happens. Just want to know if anyone else is having same experience.

 

[doma135]

Not a large holder of Lucid Stock..but have been in since CCIV.I have Lucid on a few accounts..One is webull.only because of able to chat with lucid stock holders..I luv Lucids technology and it has a great Future... In Q4 live release lucid didn't hardly answer any sub mitted questions..big mistake.. No transparency on why so many EV s on the lots.?? ..Part way understandable..Lucid stock is being shorted so heavily. And Shorts were starting to back out till the Live report..Peter Rawlinson is a Genius and he has a great vision. But he understands the whole nice yards in his brain.... And not releasing enough information to Holders is talking a dire effect... yes Weebull is a small platform but go on the Lucid Chat and will see what most everyone is thinking about lack of information and the Stock......It is a reflection of Lucids State..Go Lucid and please let information start coming.. lack off is killing many investor's.

I am also a stock holder. I had hoped for much better results and even ordered two cars. I don't plan on going through with the purchases because of the latest 4th quarter report.

 

[Paul j Filidei]

Your choice,, Report has. Nothing to do with the Car.. there is not a better EV Built today than A lucid..if you can afford it, buy it..and the safety rating for your wife is Great..Hope you solve the issue with Lucid..Lucid is here to stay.. Good luck 🤞.

 

[doma135]

Your choice,, Report has. Nothing to do with the Car.. there is not a better EV Built today than A lucid..if you can afford it, buy it..and the safety rating for your wife is Great..Hope you solve the issue with Lucid..Lucid is here to stay.. Good luck 🤞.

I wish I had your confidence. I will wait to see what is going on. At the very least Lucid isn't being upfront. Will update if I ever hear from them about my Touring order.

 

[Tomcrown]

It’s no surprise Lucid is not hitting its number how could it with crappy quality control. My car just died due to a defective battery pack. When my neighbor found out he cancelled his Lucid reservation.
How many have read the threads on Lucid cars just stopping?? It’s a hazard. Lucid needs to put more resources into Quality control as no car over hundred thousand should have any trim issuers or defective cables and bad battery. Until Lucid works in this I expect the growth to continue to decline.

 

[Paul j Filidei]

Have only heard of 2 battery issues..Show a picture of your model..see what it is!

 

[Tomcrown]

Have only heard of 2 battery issues..Show a picture of your model..see what it is!

Picture of my model??? What?? Wouldn’t the paperwork on the unit prove my point???
On this forum I and another person who bought the Lucid Air GT had the same problem.
Here is the thread on this problem. Drive System Warning

 

[Paul j Filidei]

Thanks, sorry didn't see the thread.. Hope it's taking care of..

 

[Tomcrown]

Thanks, sorry didn't see the thread.. Hope it's taking care of..

It has been taken care of. So far the car has been working as it should for the past two weeks. Meaning it hasn’t shut down

 

[Grubie1]

I am trying to figure out what is going on at Lucid.


I am trying to figure out what is going on at Lucid. I have two cars reserved, a Touring and an Air for my wife. I tried to cancel the Touring in December but it still shows as an order and there has been no refund or communication as promised. Obviously Lucid still has the canceled car counted as on order. Now Lucid says they aren't giving production numbers moving forward. I am alarmed they are hiding something. I am leaving things as they are to see what happens. Just want to know if anyone else is having same experience.

I haven been a dedicated reader of the forum posts. About a month ago, I canceled my Touring order. I received a refund within three days. My reason for terminating the reservation is really quite simple. If I am to believe the postings on the forum...the car flat out doesn't work. I couldn't justify spending in excess of $100M on a vehicle that stops operating in the middle of a trip. The car is beautiful, the car is fast. There is still no service center on Long Island.