I'm a 30 years network/security/server guy. I don't know the inner workings of publicly traded companies, so I'm not question someone who has a background in Accounting/Finance. Anyway, Ford and GM are pretty ****ed, which I don't need an accounting degree to ascertain this

 

There are no hard rules for how a company internally crunches numbers, they can process data how ever the heck they want.

On GM and Ford at least they are trying. They have a tricky balancing act trying to maintain cash flow from ICE and at the same time winding down their ICE business.

 

A little more complicated than that but in a simplistic way yes. Another example is YouTube, it took forever but Alphabet finally had to disclose that. I had a call with a CEO of a company that was going public that reviewed profitability of 16 business units and told him he had to disclose all of those in their filing or he was going to have to start trusting his VPs to run the business units and combine some of them together now that they are a public company because no CEO looks at that low a level and it’s not a good look to investors so he had to look at it at a higher level. The idea is that if the low level information that is used to manage the business is important to the CEO, then that information is important to investors and has to be disclosed.

 

No doubt that is true but it’s how the CEO manages the business is what is in question, not whether lower level segment managers get that information and manage their lower level businesses.

I’m sure now that the EV segment at Ford is growing and more important to the CEO, separate profitability of that business is now being provided to him which is probably why they now have to present it to the public. Changes in how a CEO manages the business changes all the time as business changes.

 

https://www.cnbc.com/2023/04/13/luci...nderwhelm.html

 

I would buy a Lucid Air if the performance model was between $140k-$150k. As it is right now it’s just too expensive to capture a large market and even if they lowered the price to that range it still wouldn’t sell in big numbers because of the price. The more I see these the more I like them.

 

Lucid did cut their prices this year in February.

I have seen two. Back to back days. Not a bad looking car.


I was a little surprised to see a discount on the RAV 4 Prime up here.




But then Subaru Solterra is selling for higher used than the MSRP new is




at the end of the day. The MSRP is a lot of money for a Subaru IMO. EV or not

 

I just priced out a performance model and it's $185k, that's too much for me. They need a $25-30K price cut like Tesla did on the Plaid for me to even consider it. The base model starts close to $90k which is good but still higher than most people want to spend on a car although somewhat compelling when comparing to a regular Model S and it's much more luxurious.

 

More Tesla price cuts should be coming soon....US usually lags behind the rest of the world with it:

https://www.investors.com/news/tesla...d-of-earnings/

 

Even in the heart of Silicon Valley here, there is hardly demand for the Lucid. I've seen a few here and there, but they don't do a good job marketing their cars and on top of that the price is way higher then a comparable Tesla.

Heck, when I tried to demo one, I couldnt drive the one I wanted Air Dream and had to settle for a lesser model. I eventually just cancelled on it as it was also out of my way in a boutique mall...

 

I predicted Lucid would fail the first time I saw and sat in one in person.
The thing still looks like a Buick to me with less rear space than an Sclass.

You really need to be loaded to pay $200k for a car from a new brand that may not be around in 5yrs.

I think Rivian will probably not survive either.

In 10yrs time - it will be Tesla and Chinese EVs. China will be the absolute winner in our transition from ICE to EVs.

 

Elon talked about bringing the prices down on Tesla on investor day, and I'm hoping for more price cuts by summer when I'll be ready to buy. I may even go with the Y Performance if the price falls to the current Y long range

 

You may be right about that. BYD outsells Tesla in China and they are making their way to the European market. North America is next

 

To be fair when I wanted to test drive the Model S it was impossible to do that since they were all sold. Even the mall stores didn’t have them in the store to look at. I test drove a Model 3P and based my decision to buy the S on that.

 

With EVs - you need to follow the $$$.
The country that stands the most to gain is China while they have zero to gain if ICE remains. They continue to “payoff/lobby” politicians for their cause.
Just guess where all these batteries will be made lol