Lucid CEO Says the Company Didn't Know Where Its Own Cars Were
Silvio Napoli said Lucid now tracks vehicles better after some buyers canceled when deliveries took up to two weeks.
5 Articles
5 Articles
Lucid CEO admits it 'did not even know where cars were' and lost orders
Lucid (LCID) CEO Silvio Napoli admitted on the company’s Q3 earnings call that, as recently as this summer, the automaker “did not even know where cars were.” Buyers placed orders, Lucid took up to two weeks to locate and deliver a car, and some of those buyers walked away. That’s a rough admission from a company sitting on thousands of unsold vehicles. And it’s a problem Tesla ran into, and fixed, back in 2018 at more than ten times Lucid’s cur…
The electric car manufacturer Lucid had to contend with considerable logistics problems. As the company admitted, the overview of the whereabouts of their own vehicles was temporarily lost. Due to the long waiting times, impatient customers even jumped off. (Read more)
Imagine buying a 100,000 euro car, and having to wait weeks or months for it to be delivered. And the reason is not that it has to be manufactured and there is a waiting list. Simply, the brand does not know where it is. It is the surreal situation that Lucid Motors has experienced. Lucid is one of the most technologically advanced electric car manufacturers, with models that stand out for its efficiency, autonomy and performance. However, the A…
Lucid CEO admits it ‘did not even know where cars were’ and lost orders
CEO Silvio Napoli admitted on the company’s Q3 earnings call that, as recently as this summer, the automaker “did not even know where cars were.” Buyers placed orders, Lucid took up to two weeks to locate and deliver a car, and some of those buyers walked away. That’s a rough admission from a…
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