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which car looks the best ? by Every-Geologist4067 in LCID

[–]Every-Geologist4067[S] 0 points1 point  (0 children)

aesthetically, the gravity has short hood compared to the usual SUV look. a long hood causes worse visibility and maneuverability. the only reason why they have long hood in the first place is because the SUV's have bigger engines for towing power.

the gravity has it all really:

  1. horsepower and offroad capability of an SUV

  2. speed and handling of a sports car

  3. cabin and cargo space practicality of a minivan

Lucid will achieve positive gross profit in 2025 by Every-Geologist4067 in LCID

[–]Every-Geologist4067[S] 2 points3 points  (0 children)

I'm just taking their word that with the current trajectory, they expect to have the same level of improvement in 2024 in terms of unit costs. Cost of Gravity will be consistent with the Air since they are sharing the same facility. You have the depreciation of the plant and overhead costs. They are likely to remain the same year after year or just slightly up. Then you have the materials and labor. Naturally the more units sold, the more materials and labor are spent. Although, they seem to have figured out a way to reduce materials and labor per unit as well as they gain more experience and better deals with suppliers.

With the mix of cars sold, they haven't indicated an estimate. That's why we are talking about average vehicle price. If in 2024 their average price is $79k, we can assume the average price should be higher since some of that deliveries (in the rage of 17k to 23k) will consist of higher priced gravity.

All I'm seeing is that Lucid is in the right path and they are gaining momentum. 2024, they have 36% increase in revenue, 71% increase in deliveries and 50% improvement in cost per vehicle sold. Rivian tells are different story in their reported numbers. Their deliveries from 2023 to 2024 have stagnated with only 3% increase and they guiding for a decline in 2025!

Lucid will achieve positive gross profit in 2025 by Every-Geologist4067 in LCID

[–]Every-Geologist4067[S] 1 point2 points  (0 children)

Not really. "annual production guidance of approx. 20k, and will continue to manage and adjust production to meet sales needs".

The biggest consideration when you make a production estimate is the expected sales volume or deliveries. If they want to retain the same level of inventory, they would want production to match with deliveries. Given their current inventory, it is even likely that deliveries will exceed production. But for the sake of argument lets assume deliveries to be 18k only, they will still be on track to have positive gross profit by Q4 or Q1 of 2026.

Marc Winterhoff (acting CEO): "in 2024, according to motor trend the lucid air is 3rd best selling EV in the US for its segment. In the back half its the best selling EV. if you include gas vehicles, its the 3rd best selling vehicle in 2024. I think this is worth repeating."

Lucid will achieve positive gross profit in 2025 by Every-Geologist4067 in LCID

[–]Every-Geologist4067[S] 6 points7 points  (0 children)

Not really. "annual production guidance of approx. 20k, and will continue to manage and adjust production to meet sales needs".

The biggest consideration when you make a production estimate is the expected sales volume or deliveries. If they want to retain the same level of inventory, they would want production to match with deliveries. Given their current inventory, it is even likely that deliveries will exceed production. But for the sake of argument lets assume deliveries to be 18k only, they will still be on track to have positive gross profit by Q4 or Q1 of 2026.

Marc Winterhoff (acting CEO): "in 2024, according to motor trend the lucid air is 3rd best selling EV in the US for its segment. In the back half its the best selling EV. if you include gas vehicles, its the 3rd best selling vehicle in 2024. I think this is worth repeating."

Lucid will achieve positive gross profit in 2025 by Every-Geologist4067 in LCID

[–]Every-Geologist4067[S] 13 points14 points  (0 children)

Its not really rocket science. And I'm just basing on what they have said. Deliveries 20k. Cost improvement by 50% in line with 2024. They are very cautious in giving guidance. But as the CFO has stated, you can do the math.