It was disguised as a recommendation, but Musk speaks bluntly this time. Musk actually issued a similar warning a year ago when Rivian announced plans for its second factory. That’s why Musk’s warning in the interview with podcasters Tesla Owners Silicon Valley and The Kilowatts did not come as a complete surprise. And despite offering great products, they are also burning through cash at an incredible rate. Both were hit badly by challenging market conditions and supply chain problems. They’ve both got into the market with excellent products, like the Lucid Air and the Rivian R1T, highly praised by critics and the customers lucky enough to get them. Where it will go from there is still up in the air, but Lucid is one of my favorite EV startups.Tesla’s success emboldened many other startups to build cars, with Rivian and Lucid among the most prominent examples. However, Lucid is in a better situation since Tesla has already help build credibility for electric vehicles in general, which it didn’t have back then.Īt this point, I’m very confident that Lucid will at least deliver the Air. That was after Tesla had already delivered the Roadster and built some credibility. In the summer of 2012, before Tesla delivered the Model S, it had about 12,000 reservations for the electric sedan. You need to consider that Lucid hasn’t delivered anything yet, and it’s harder for them to build the credibility in order to inspire people to place orders. It might not sound like much compared to numbers we have heard from Tesla and others, like Ford and its now more than 100,000 pre-orders for the F-150 Lightning, but it is still impressive. Reservation holders have to put down a deposit of $300 to $1,000, depending on the version. We are more interested about the demand for the all the versions combined, which is now over 10,000 pre-orders, according to the CEO.
The Dream is already sold out, but Lucid is only planning to build about 500 units of that version. Performance specs (0-60s acceleration, 1/4 mile time, top speed) That slipped from Q2 2021, which was first announced last year when Lucid unveiled the updated version of the Air: Models He didn’t specify when that will happen, but he is sticking to the goal of having the first deliveries of the Dream edition of the Air during the second half of the year. This is a big step in our mission to industrialize. The quality validation builds are the cars that we eventually will sell directly to customers once we got the quality right.
We completed our pre-production run very successfully. We achieved a landmark last Friday when we started building our quality validation production run of cars. On CNBC yesterday, Rawlinson stated that Lucid is now producing quality validation prototypes at its factory in Arizona and is on track to start deliveries to customers by the end of the year: Lucid has faced some delays in bringing its first electric vehicle to production, but it’s getting pretty close, according to new comments from Lucid CEO Peter Rawlinson. It might not sound as impressive as numbers of reservations in some other programs, but it’s actually not bad. Lucid Motors confirmed that it now has over 10,000 reservations for the Air, its first car and a luxury electric sedan.
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