Lucid Loses Almost Half a Million Per Vehicle

[MACH-E Mountain Way]

You thought Ford had it rough...

Lucid Lost $430,000 For Every Car It Sold In Q3

Doesn't seem all that lucid to me.

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[MACH-E Mountain Way]

And is it just a coincidence that it equates to about $1000/mile of range that they purport to have?

Just curious really.

 

[GreaseMonkey]

It’s a catchy title, but not that useful.

In my opinion, the way to look at this is to only consider variable cost of making a vehicle, and add the overhead for a typical car company or Lucid’s at scale. Lumping massive overhead that’s meant to support several 100 times the scale they operate at today is not a serious way to assess the financial viability of a company.

 

[RickMachE]

Another clickbait article. People don't understand accounting, and believe the loss/number of vehicl

 

[RickMachE]

It’s a catchy title, but not that useful.

In my opinion, the way to look at this is to only consider variable cost of making a vehicle, and add the overhead for a typical car company or Lucid’s at scale. Lumping massive overhead that’s meant to support several 100 times the scale they operate at today is not a serious way to assess the financial viability of a company.

Please stop trying to interject radical communistic ideas like "cost accounting" into the discussion. ?

 

[MACH-E Mountain Way]

I know that it's not a fair way to look at the company's financial situation necessarily. It was more of a response to all of the folks on here who seem to get spun up because Ford lost $30,000+ per vehicle and their doomsaying.

Of course investing in new technologies and manufacturing capabilities is going to have upfront costs that can be negated down the road hopefully.

(Almost like 'investing' in an EV will have cost benefits that negate the upfront costs that can be higher than similar ICE vehicles)

 

[A-A-Ron]

You thought Ford had it rough...

Lucid Lost $430,000 For Every Car It Sold In Q3

Doesn't seem all that lucid to me.

I really HATE these titles.

I just put in a pool this summer, finished it up just before the end of swimming season.

I guess it costs me $30k every time I go swimming

 

[johnmark]

I live it when reporters learn about economies of scale for the first time.

 

[MacherAWD]

I really HATE these titles.

I just put in a pool this summer, finished it up just before the end of swimming season.

I guess it costs me $30k every time I go swimming

I made a cup of coffee in my coffee pot at home. Too bad it took 5 billion years of Earth and then human evolution just to get that cup. I should have gone to starbucks.

 

[A-A-Ron]

I made a cup of coffee in my coffee pot at home. Too bad it took 5 billion years of Earth and then human evolution just to get that cup. I should have gone to starbucks.

"If you wish to make an apple pie from scratch, you must first invent the universe"
-Carl Sagan

 

[Deleted member 16048]

Like everyone has said. These titles are just clickbait and are just mathematical manipulation. I wish people would stop giving into these kinds of numbers and using them for argument. It shows their clear lack of understanding about economics.

 

[RickMachE]

Like everyone has said. These titles are just clickbait and are just mathematical manipulation. I wish people would stop giving into these kinds of numbers and using them for argument. It shows their clear lack of understanding about economics.

Stop wishing. You'll be disappointed...

Disclaimer - I am not stating that any member of this forum fits the above definition.

 

[Deleted member 16048]

Stop wishing. You'll be disappointed...

Disclaimer - I am not stating that any member of this forum fits the above definition.

Oh I agree and am reminded every day when out driving, but I somehow still have a little hope left...

 

[AhardFSU]

Stop wishing. You'll be disappointed...

Disclaimer - I am not stating that any member of this forum fits the above definition.

Never has a pic been as true as this pic.

 

[VaporTrails]

Remind me, when did Tesla become profitable? They were a VC darling for a looooong time.

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