Don’t forget, some were more equal than others.

If you could just point us all to the other economic system that brought billions of people out of poverty and increased average life expectancy from 30 years to 70 over just 120 years, that would be great.

True for Tesla, but that’s not what people are doing with Lucid. Lucid’s cars cost more in terms of the direct inputs than the actual selling price (i.e. negative gross margins). Tesla pretty much always had positive gross margins.

It’s important to look at gross margins. Tesla had positive gross margins from day one on the Model S. Lucid has negative gross margins (every car they sell is sold for a lower price than the cost of the inputs used to make it). It’s a train wreck.

Nothing. You asked this on the last thread about Tesla, and it was clearly answered. Tesla had positive gross margins from the launch of the Model S onwards. Lucid has negative gross margin (i.e. the input costs for each car are greater than the selling price).

Porsche also considers $660 to be a fair price for painting the bases of the exterior mirrors.

With 400-kW chargers, you’ll be able to fill up as fast as your car will allow

Yep. The information is a bit dated, but back in 2018 the average household income of a Quattroporte buyer was $790k. The only person I know who has owned one lives in a 20,000 sq ft mansion and also has a Ferrari, 911 Turbo, Lamborghini Urus and a Mercedes GLS. Depreciation is probably in the bottom 1% of things he…

+1. If ever there was a bad vehicle with zero redeeming qualities, this is it.

Agreed. It wouldn’t be my choice, but anything to end the endless sea of greys. There’s a 992 S/T press car helping to make the case for pink also.

That’s true in the sense that people would accept a Model S with a crappy interior and panel gaps, just because it was an EV, and they’d get one instead of an S-class. Now they can just get an EQS, Taycan or i7. However, your argument was that the same could have been said about Tesla as is being said about Lucid now.…

I thought this too. It seems to be reaching a bit to use an i3 anecdote, when that car is (a) so old now and (b) was completely out of left field and difficult to position / sell even when it was brand new.

Yep, time and time again in articles and comments here, people also conflate losses with capital expenditures (e.g. “the only reason they’re losing money is because they’re investing in factories”). Just a basic understanding of the differences between an income statement, a balance sheet and a cash flow statement…

Sadly this rational analysis is trumped by “Elon bad, anything not Elon good.” Just fine, as long as you can ignore that Lucid exists at the discretion of the sovereign wealth fund of a petro-state, which just last year sent a woman to prison for more than 30 years for tweeting.

Generally speaking, start ups have very high growth when they’re incinerating cash at this rate. Lucid’s revenue declined in the most recent quarter and they’re cutting delivery estimates. The outlook for Tesla 10 years ago was night and day, with Tesla not only selling three times as many Model Ss as Lucid projects…

In 2012, Tesla’s market cap was just under $4 billion. The reason I used 2019 was to show how ludicrous it was that people thought Lucid could be worth over $100 billion, when Tesla’s (at the time, seemingly crazy) valuation didn’t get close to this even when they were actually an established car company with three…

If you think Tesla is / was out of proportion to reality, just compare the gross margins between Tesla in the early years of the Model S vs. Lucid now. Or consider that Lucid was valued at about $125 billion at one point in late 2021, when they had $27 million in revenue and EBITDA of negative $2.5 billion. In 2019,…

There is a thread on the Rennlist Taycan forum where some guy keeps banging on about Taycans depreciating quickly because new battery tech will make them obsolete. It’s particularly silly, because every expensive sedan, whether it’s ICE or EV, will fall in value like a safe pushed out of a window. So the phenomenon…

Almost all transmission lines are aerial in Canada, as is the majority of the distribution. In many areas of Ontario, buried services are prohibitively expensive because you’d be saw-cutting rock. For new subdivisions, it’s practical, but retrofitting the grid elsewhere is insanely expensive - Hydro Ottawa estimated…

First Gear: I just got an email from Kia yesterday with the official (Canadian) pricing for the EV9. The base price is $59,995 CAD / $43k USD. To me that is a bit of a game changer, since it’s a very family friend 7-passenger SUV starting at close to the same price as the Telluride (base price $53,083). In Canada,…