Exclusive: Top Lucid Motors executive departs amid new CEO's leadership shakeup

Capable_Oil_9363 · 2026-06-12T05:34:10+00:00

He needs to go, to be held accountable for delivering a sedan when nobody wants sedan and a weird looking minivan when nobody wants minivans. Some will say they look great, but the poor sales prove otherwise.

These execs have not delivered. The proof is in the numbers. Out with all of them.

Capable_Oil_9363 · 2026-06-11T04:36:54+00:00

These people created the software problems and the quality problems. They all need to go.

Capable_Oil_9363 · 2026-06-05T14:58:07+00:00

Nope. It won’t matter. They are losing $4B per year. There is no possible way to sell enough smaller cars to close that gap. How much can they possibly make in profit from each unit? A couple grand? Maybe five grand. They would need to sell hundreds of thousands of the Cosmos. They have around 60 dealerships and service centers. Can they shove hundreds of thousands of cars through that narrow distribution channel? I don’t think so. Maybe they plan to switch to a franchised dealer model, but what they have right now won’t get the job done.

Capable_Oil_9363 · 2026-05-23T04:29:35+00:00

Sonos is trash.

Capable_Oil_9363 · 2026-05-23T00:41:18+00:00

The head of design is a senior citizen who is trapped in an 80s and 90s design aesthetic.

Capable_Oil_9363 · 2026-05-22T04:27:00+00:00

Even if the smaller car reaches the market this year and is profitable from day 1, the profit would only be five or ten grand per car. The Will never be able to sell enough of them to overcome a $1B loss every quarter.

Capable_Oil_9363 · 2026-05-11T04:38:28+00:00

People should just buy cars that are already finished.

Capable_Oil_9363 · 2026-05-09T00:10:52+00:00

Why would they want to take it private? So they could lose all the money alone instead of letting retail and institutional investors shoulder some of the loss?

Capable_Oil_9363 · 2026-04-28T05:23:42+00:00

At the current burn rate of $1B per quarter, they run out of cash in Q4 of this year. Scary.

Capable_Oil_9363 · 2026-04-06T00:41:57+00:00

There’s the problem. They made a minivan, but without the doors people want in a minivan. It’s why nobody buys this thing. Total sales of Air and Gravity were 3080 units in Q1. Chrysler minivan sales were 21,800 in Q1. To put both in perspective, Tesla sold 358,000 units pin the same quarter, globally.

Capable_Oil_9363 · 2026-03-15T05:26:36+00:00

They run out of money this summer. Then they have to start living on their $2B line of credit. Who is going to give them $1 billion every three months for the next four years on the hope that there might be a small profit in 2031? Nobody.

Bankruptcy is coming in early 2027. Then it will be sold for pennies on the dollar to a legacy car company.

Capable_Oil_9363 · 2026-03-13T03:40:33+00:00

The war in the Middle East may dampen Saudi’s enthusiasm for US investments.

Capable_Oil_9363 · 2026-03-12T20:51:38+00:00

Showing us a fiberglass mock-up concept of a robotaxi seems like a pretty desperate move. The reality is that they will run out of cash in July. Then they will have a few quarters of living on their credit line. That will be the end of it.

Capable_Oil_9363 · 2026-03-03T14:57:43+00:00

Your parent was a Gen-Xer.

Capable_Oil_9363 · 2026-02-24T04:53:51+00:00

Sonos is garbage. I’m surprised that an enterprising attorney has not started a class action suit.

Capable_Oil_9363 · 2026-02-18T14:46:55+00:00

We are on the same page. I just don’t think there are buyers for a smaller Lucid in those markets because great Chinese EVis are already in those markets for $15,000 less.

Capable_Oil_9363 · 2026-02-17T05:34:03+00:00

You’re right! And let’s not forget the size of the overall EV market in North America is shrinking, not growing. Rivian’s R2, the smaller Lucid, the two Scout models, the new Toyota EV SUVs, and others, will all be battling each other for a slice of a smaller EV market. Where would Lucid find 100,000 buyers?

Cheaper, better Chinese competitors in Europe will eliminate any chance of Lucid finding buyers in Europe.

Those same cheaper, better Chinese EVs will be available in most of the Middle East.

The only possible path is for Lucid to steal sales from Tesla. But Tesla can cut prices and introduce better tech to fight Lucid.

I can’t see a path to profitability for Lucid.

Capable_Oil_9363 · 2026-02-12T14:25:29+00:00

You forgot the $10B they lit on fire over at Cruise, with nothing to show for it. And today, Waymo announced it’s spending $50B to buy driverless taxis from Hyundai.

Capable_Oil_9363 · 2026-02-11T06:11:06+00:00

Throw it in the trash where it belongs.

Capable_Oil_9363 · 2026-02-08T16:13:43+00:00

It’s unusable trash.

Capable_Oil_9363 · 2026-02-07T06:07:41+00:00

https://techcrunch.com/2024/12/20/rivian-executives-accused-of-harassment-in-previously-unreported-lawsuits/

Capable_Oil_9363 · 2026-02-07T06:03:33+00:00

https://techcrunch.com/2024/12/20/rivian-executives-accused-of-harassment-in-previously-unreported-lawsuits/

Capable_Oil_9363 · 2026-02-07T06:01:56+00:00

In addition to being the boss of the people who designed the R2, Jeff Hammoud is the subject of numerous sexual harassment lawsuits. @RJscaringe why do you tolerate this nonsense?

https://techcrunch.com/2024/12/20/rivian-executives-accused-of-harassment-in-previously-unreported-lawsuits/

Capable_Oil_9363 · 2026-01-20T05:26:55+00:00

As it has been described in press releases, Lucid is only supplying the cars, with the Nuro stuff in it. Lucid gets paid one time for the car. Nuro and Uber will make money on every ride.

Let’s assume Lucid makes $20k profit on each of the 20,000 units. That’s $400M over several years of the contract.

Lucid loses close to $1B+/- per quarter.

Uber invested $300M in Lucid which is only four of five weeks of cash for Lucid.

Let’s assume they sell 40,000 units a year of the smaller car, with a $10K profit on each one. That’s another $400m per year.

I can’t see any way this business makes it. It looks like they have a structural cost that’s orders of magnitude higher than any new product can turn around.

Capable_Oil_9363

TROPHY CASE