Lucid CEO on New SUV, Trump and Competing With Tesla

The transcript discusses Lucid Motors' challenges and strategies, including tax credit ineligibility due to vehicle pricing and income thresholds. It highlights recent sales success and future production plans for the Gravity SUV. The potential impact of a Trump administration on the EV industry is considered, emphasizing Lucid's technological edge. Financial strategies, including Saudi investments, are outlined to secure future growth. The transcript concludes with Lucid's market position and focus on cost management.

Why are some vehicles ineligible for tax credits?

• They are too old

• Due to their high price points

• They are not electric

• Because of their color

What is the name of the new SUV that Lucid Motors is planning to produce?

• Lucid Gravity

• Lucid Air

• Lucid Sky

• Lucid Earth

What is a key advantage of Lucid Motors' technology?

• It uses more batteries

• It is cheaper to produce

• It allows vehicles to go further with fewer batteries

• It is less reliable

How does Lucid Motors plan to secure its financial future?

• By raising capital at strategic times

• By reducing production

• By cutting employee salaries

• By selling more gasoline cars

What is the expected production timeline for Lucid's mid-size platform?

• Late 2023

• Mid 2024

• Early 2025

• Late 2026

What is the estimated amount of cash Lucid Motors needs to reach a break-even rate?

• $10 billion

• $6 billion

• $3 billion

• $1 billion

Which country has been a significant investor in Lucid Motors?

• China

• United States

• Saudi Arabia

• Germany