Quote:
Originally Posted by Hehe
I am not sure if Lucid has what it takes to take Gravity to production.
They are burning money like crazy (like losing almost half a mil for every car sold). They've got the knowhow to make good EV parts. They just don't have the expertise in manufacturing to be efficient and profitable. The worst part? There doesn't seem to be an end in sight.
If I were their CEO, I'd convert the company into a pure-play company and design EVs or its major components and sell them to legacy carmakers like BMW or whatever.
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If you include capital expenditures like their factories and other large one time purchases, it makes their numbers far worse than they actually are. Typically things like this are amortized over longer periods of time than the year they are purchased so you can realize the roi over a realistic time frame.
Simply put, Lucid is not losing half a mil on each car.