Honestly does anyone think Lucid is going to be bought out by a larger manufacturer? Idk who but it seems like their only hope

Clearly they misjudged the market.

The reality is, people buying $80-100k are often 50+ and barely able to use a cell phone.

On the financial side of things, Lucid’s Q3 revenue amounted to $137.8 million, significantly below Wall Street’s projected $183.8 million. This was also 29.5% lower than the revenue Lucid reported in the same quarter last year.

A startup with revenue that is both low and declining. Amazing.

Lucid also lowered its 2023 production guidance for the second time this year. After originally hoping to build as many as 14,000 vehicles, Lucid says it will now only make between 8,000 and 8,500 vehicles in 2023 in order to “prudently align with deliveries.” Through Q3 Lucid had produced 6,037 Air sedans, but sold only 4,267 of those.

Absolutely brutal, no other way to put it.

If Lucid didn’t have massive Saudi money behind them, they would likely be bankrupt or close to it. Unfortunately, the Gravity isn’t going to solve any of their problems—it’s another extremely expensive model that will have a very limited market.

If Lucid wants to have any hope of staying relevant, they need to pivot to something much cheaper much faster. I have very little faith that they can successfully do that by this point.

They made the exterior look like an old man car… that’s why so many people chose other brands including myself

Everything else is perfect including the interior. Steering wheel sucks

Huge mistake to go with a sedan. When Lucid was tinkering with the Air in 2016, it was already a dead market for sedans. Baffling they went with it instead of a SUV like Rivian.