Lucid -9% Tuesday, Compared to Rivian -1%, How are They Solving Cash Burn?
Lucid -9% Tuesday, Compared to Rivian -1%, How are They Solving Cash Burn?
$Rivian Automotive (RIVN.US)$ and $Lucid Group (LCID.US)$ are two EV startups that share a lot of similarities. Both are based in California, have made compelling EV products, are eyeing expansion of their addressable market with cheaper offerings, and are – all this while – yet to turn a profit.
$Rivian Automotive (RIVN.US)$和頁面。$Lucid Group (LCID.US)$ 這兩家電動汽車初創公司非常相似。兩者都總部位於加利福尼亞,生產出令人信服的電動汽車產品,並計劃通過推出更便宜的產品來擴大市場覆蓋面,但同時兩者都尚未實現盈利。
The two EV makers, however, are continuing to invest big in research and development activities, as they gear to start production of their next major offering. While Lucid is looking to start production of its Lucid Gravity, Rivian is looking forward to launching its R2 SUV.
然而,這兩家電動汽車製造商繼續大力投資於研發活動,以準備開始生產它們的下一款主要產品。Lucid準備開始生產其Lucid Gravity,而Rivian則計劃推出其R2 SUV。
In the quarter that ended on June 30, Lucid spent $287.17 million in research and development, or about 143% of its revenue totaling $200.58 million in the period.
在截至6月30日的季度裏,Lucid在研發上投入了287.17百萬元,佔其營業收入200.58百萬元的143%左右。
As for Rivian, the company spent $428 million in research and development, accounting for 37% of its revenue in the period.
至於Rivian,該公司在研發上投入了428百萬元,佔該期營業收入的37%。
While Rivian spent more, it also incurred more revenue in the quarter, thanks to its larger sales volume in the quarter. While Lucid delivered just 2,394 units of its Lucid Air sedan, Rivian delivered 13,790 units of its R1 vehicles, including its R1S SUV and R1T truck.
儘管Rivian的投入更多,但其季度營業收入也更高,這要歸功於其大幅提高的銷售數量。Lucid僅交付了2,394輛Lucid Air轎車,而Rivian交付了13,790輛R1車型,包括R1S SUV和R1T千億卡車。
Despite its larger delivery volume, Rivian reported a net loss of $1,457 million for the quarter, more than double the net loss of $643.39 million reported by Lucid.
儘管交付量更高,Rivian在該季度報告了1.457億美元的淨虧損,超過Lucid報告的643.39百萬元的淨虧損的兩倍以上。
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Rivian intends to start production of R2 in the first half of 2026. The R2 SUV is expected to be priced at around $45,000, making it a cheaper and more mass-market offering than the company's R1 vehicles which have a starting price of around $70,000.
Rivian計劃在2026年上半年開始生產R2。預計R2 SUV的價格約爲45,000美元,使其成爲比R1車型更便宜、更面向大衆市場的產品,R1車型起價約爲70,000美元。
Lucid has already commenced pre-production of its Lucid Gravity SUV and expects to start production later this year. The Gravity SUV is expected to start under $80,000, at a price point higher than the company's Air sedan whose cheapest version starts at $69,900.
Lucid已經開始預生產其Lucid Gravity SUV,預計將於今年晚些時候開始生產。Gravity SUV的價格預計將低於80,000美元,比公司的Air轎車的最低版售價69,900美元要高。
While Rivian's R2 will be up against Tesla's best-selling Model Y SUV, Gravity will be up against Tesla's more premium and low-volume Model X SUV.
而Rivian的R2將與特斯拉暢銷的Model Y SUV競爭,而Gravity將與特斯拉更高端、低產量的Model X SUV競爭。
Rivian is optimistic. The company said during its second-quarter earnings call that it intends to deliver modest gross profit in the last quarter of 2024 and for the full year 2025.
Rivian非常樂觀。公司在第二季度的業績會上表示,計劃在2024年最後一個季度以及2025年全年實現適度的毛利潤。
Lucid, however, is yet to provide a timeline. Earlier this month, Lucid CFO Gagan Dhingra said that the company has already narrowed down its losses and will be in a "better position than competition" with scale.
然而,Lucid尚未提供具體的時間表。本月早些時候,Lucid的首席財務官Gagan Dhingra表示,公司已經縮小了損失,並將在規模上比競爭對手更有競爭力。
Both Lucid and Rivian became publicly listed companies in the second half of 2021. While Lucid's stock is up 2.7% year-to-date, as of last close, Rivian is down 32%.
盧西德和Rivian在2021年下半年成爲公開上市公司。儘管盧西德的股票今年迄今上漲了2.7%,但Rivian的股票則下跌了32%。
Rivian shares closed at $14.36 on Monday and Lucid shares at $4.26, according to data from Benzinga Pro.
根據Benzinga Pro的數據,週一Rivian的股價收盤價爲14.36美元,Lucid的股價爲4.26美元。
Had an investor put in $1,000 into Lucid stock at the onset of 2024, their investment would now be worth marginally higher than $1,000. But had the investor put their money in Rivian stock, they would have lost over $300.
如果一個投資者在2024年初將1,000美元投資到Lucid股票中,現在他們的投資價值略高於1,000美元。但如果投資者將他們的資金投資到Rivian股票中,他們會虧損超過300美元。
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