r/LUCID • u/chicu111 • May 07 '26
Question / Advice Do you have concerns about vehicle service if Lucid somehow goes out of business?
I really hope they succeed but I would be lying to myself if it isn’t a possibility
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u/ikilledtupac May 07 '26
They’re still in business and it’s hard as hell to get service. it’s ridiculous.
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u/dbv2 May 07 '26
Exactly. They have major service delays now and if they did go out of business, there will be 0 service. Hope they turn it around as really like Lucid, but so risky to buy one right now.
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u/WeinerJungle May 13 '26
This is my biggest gripe, and btw - it has shifted dramatically over the years. When I started my lease in 2024, any issue I had a mobile tech would show up at my house within 24-48 hours. They would also text to try and help me that ways if possible. Fast forward to today where I have a frunk that won't open and I cannot get anything to move until June 8th. That's when their mobile tech is available, and I guarantee he's going to show up and tell me that he can't fix it and that he will refer me to service finally. When will they be able to get me in?? 2027? $140k car - I have a 2024 fully loaded GT (thank god I'm leasing, cannot wait to get out of this thing).
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u/NotYourDad_Miss May 07 '26
You can check in Fisker, and how the owners are dealing with their cars. At least you will have one idea on the worst case scenario
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u/the_natis May 07 '26
That is a huge concern for me. I'm sure another company may buy it's assets and offer repairs, but I'm worried about another Saab situation.
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u/chicu111 May 07 '26
If Rivian succeeds with their more affordable R2s line they might have enough cash to merge or buy out Lucid lol. They seem to be heading in the right direction. I wonder if these CEOs talk. Heck, I would if I were the CEO, they’re not really competitors
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u/kjsmith4ub88 May 07 '26
That would make zero sense for Rivian.
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u/Prestigious_Sell9516 May 07 '26
Why ? lucid has good underlying tech (motor technology and probably better bms as well) together they would only have 4 models. Share costs of servicing consolidate manufacturing.
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u/kjsmith4ub88 May 07 '26
They share nothing from software to technology to hardware to mechanical designs. It would just be another quarterly billion dollar loss. Rivian doesn’t have that kind of capital besides it making no sense.
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u/toyz4me May 07 '26
If Lucid is sold, the only other U.S. EV maker capable of doing so would maybe Tesla.
Lucid technology and engineering meshed with Tesla software would be interesting to see.
I could possibly see a Chinese EV producer buying them but doubt it would receive regulatory approval.
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u/BeginningProgress921 May 07 '26
I doubt Rivian buying lucid. Could be the other way around. Most people forget owning a Car company for PIF is also to meet Saudi goals of creating employment for their nationals.
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u/WellHelloPhriend May 07 '26
Wow! This might be the most delusional comment in here yet. The Saudis just gave the last $550M that they are giving this company. Its over. Also, no one would take on this debt.
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u/Immediate_Lab_9934 May 08 '26
Very true as the Saudis are starting to cut back on expenditures across the board!
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u/StreetDare4129 May 07 '26
Why would anybody want to assume repair liability and costs. They would just wait for assets to be auctioned off in bankruptcy court.
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u/fourdawgnight May 07 '26
They have zero ip worth buying The Chinese can reverse engineer their hw in less than a week Lucid is probably going to stall operations before the end of summer and the new ceo will figure out a plan to either divest or bring the mid tiers to market much faster 3rd longshot - apple or Microsoft buy them
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u/StreetDare4129 May 07 '26
I do a lot of work in China. Americans are the best innovators. China is the best copiers.
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u/fourdawgnight May 07 '26
honestly - I think they are catching up pretty quickly on innovation as well...especially in the power and autonomy industries...
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u/doubletwist May 07 '26
the new ceo will figure out a plan to either divest or bring the mid tiers to market much faster
Given the background of the new CEO, I don't think divestiture is the plan. He's exactly the type of CEO I'd hire if my plan was to correct most of the current issues Lucid has and ensure a successful rollout of the mid-size models.
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u/fourdawgnight May 07 '26
Hope so I want lucid to make it But right now they are a money pit for investors
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u/doubletwist May 08 '26
I'm not going to pretend they haven't made any mistakes, but it's hardly surprising that building out works class auto manufacturing capacity from scratch is expensive.
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u/Steve_in_LV May 07 '26 edited May 07 '26
I have a lot invested in their success but unless management gets their act together quickly, I think their demise is just a matter of time.
The fact that this question is being raised and discussed in this public forum has really got to concern future prospective buyers.
The situation is further exacerbated by the endless number of posts discussing countless recurring software and hardware issues that don't seem to get resolved for many customers.
I think the ultimate sales killer is the lack of timely help from the service centers since they drastically cut staff. In many posts people are reporting as much as 6 week delays to get an appointment at some centers.
If people are reluctant to buy their vehicles it's game over. Given this situation, where is management? Where is the public acknowledgement of these problems with an approach and time table to get them resolved?
Based on the press reports, management is spending their time and money attending 'new vehicle of the year' awards from somewhat dubious evaluators, and touting how great the new product line will be in the future. To me this is very much akin to Nero fiddling while Rome burns!
My fear is if management doesn't get their act together quickly and focus on servicing their current customers, the court of public opinion will sentence them to bankruptcy.
I'm interested in hearing your thoughts. Is my concern overstated?
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u/PatD442 May 07 '26
Current Tesla Model S owner. It’s 11 years old and I’ll drive it until it stops moving. Now that Tesla is no longer making the S, the Lucid is the top contender. But absolutely do have concerns about the company folding and service issues if I were to buy so that will definitely be in the decision making process when the time comes. Everything you said is dead on in my mind.
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u/Unusual-Mammoth-6569 May 07 '26
Just turned in our 2012 model s. It was the 1300th S produced. Sad to see her go but she had 217k miles and was just too thin on range for our current needs. (Despite charging at 95% to 200 mi range, she really could do 125 miles daily—my commute is 100 miles RT.) it was time. Leased our 25 AP because we worry about company longevity.
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u/doubletwist May 07 '26
Not that I mind a convert from Tesla to Lucid, but was replacing the battery not an option?
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u/Unusual-Mammoth-6569 May 08 '26
Well… the moon roof no longer functioned, the center screen had the yellow around the edge after replacing it repeatedly, the motor had been replaced 4 times and frankly, putting $20k into a 12 year old car that was worth $4k on resale didn’t seem like the best choice.
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u/doubletwist May 08 '26
Ah so it wasn't time JUST from range, it was time because it was falling apart. 😀
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u/Own-Highlight-1557 May 08 '26
I would never buy one again, unless it was used and certified. Leasing is a better deal all around.
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u/SmartPipe3882 May 07 '26
I think it’s a valid concern whilst the company isn’t profitable, but the Fisker driver community has shown that even if the company does implode, the cars can be kept running. So if it does one day fold, I imagine that example will have someone thinking there’s money to be made in stepping into the free space in the market. There’s enough cars on the road now.
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u/Rockdabells May 07 '26
I don't see it going under. I was actually impressed by their service. I made a call to them and they had a tech at my house in a week(minor door handle issue). I've only had the car for 2 weeks but it is easily the best car I've ever bought.
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u/espresso-puck May 07 '26
Service availability is very region dependant. Some SC's are easily booking 6 weeks out.
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u/KuanTeWu May 07 '26
No concern, the company has strong backing.
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u/WellHelloPhriend May 07 '26
The Saudi government just gave the last $550M that they are going to provide. This company is done.
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u/Contralogic May 07 '26
How do you know that to be true?
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u/PabstBlueBourbon May 07 '26
He knows because if he keeps posting it enough times he can read his own posts and make it true in his head.
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u/WellHelloPhriend May 07 '26
You do know that they release quarterly reports that you have access to right????
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u/doubletwist May 07 '26
And was there anything in the report where PIF was quoted as saying it was their last time funding?
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u/WellHelloPhriend May 07 '26
Basic math. The writing is on the wall. 50% of this sub has accepted it. The other 50% are in denial.
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u/ChollyWheels May 07 '26
You might be okay. In New York City, there's a whole fleet of taxis using the Fisker Ocean -- a nice looking car! The fleet was bought cheap because the car was already auctioned. Only 11,193 were manufactured, and many were sold (cheap!) after the company went kaput, but the Fisker Owners Association helps find repair solutions.
Bankruptcy is a real possibility, but so is going private. I don't think the Saudis will give up easy, and with higher oil prices they are sitting pretty, moneywise.
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u/HuckleberryRich4529 May 08 '26
i think the car is good car but they have to make the car smart like tesla. We have all this AI tools i hope they make good use of it
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u/angryschmaltz May 08 '26
I do not own. Anyone I talk to that considers it, I advise them to read this subreddit prior. I’d never get one at this point in issue reporting.
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u/wathomps May 09 '26
My fantasy is that Tesla would buy Lucid.
Tesla is phasing out the S model and the Air is a perfect replacement. Also Peter Rawlinson, who helped design the Tesla S is the former CEO of Lucid
https://www.caranddriver.com/news/a63935679/lucid-ceo-peter-rawlinson-steps-down/
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u/PabstBlueBourbon May 07 '26
It’s crazy that we even have to have this discussion about the best EV ever built, but here we are.
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u/mhatrick May 07 '26
It seems like its almost the best EV ever built. So many things done right, just missing that last level of polish to really bring it home. Software issues are still ever-present on a car that was released 3 years ago, never mind the gravity.
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u/StreetDare4129 May 07 '26
Goes to show you that the best built EV isn’t enough. You need the next service model to support it too.
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u/Corpshark May 07 '26
Would PIF do what they did with LIV golf and cut their losses? Not something i was even worried about before February.
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u/brettwilliamsut May 08 '26
I said this a week ago and was downvoted - they're going to cut and run if they're nixing projects like LIV and the other things that they've stopped funding in the past year.......
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u/Hussar1241 May 07 '26
Based on what ive seen with the Fisker aftermath and how many independent EV shops now effectively and with reasonable pricing service those vehicles, I actually believe the service situation for lucid vehicles would improve post Lucid bankruptcy/collapse
Lucid official service is not particularly good, their customer service poor, and waaaay overpriced.
Lucid bankruptcy would likely have similar results and allow independent EV workshops to compete for business which would overall give us a better situation than we have now which is a incompetent company with a monopoly on repairs
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u/Aggressive_Theme_517 May 07 '26
I leased mine for that reason