Speed cars hit the assembly Line

[counterpart7]

My one single question to all of that is how do you NOT finish and deliver at this point when you have $500M (16k+ units) in orders?

2 years ago, sure what you outlined could have been a real possibility.

Who would give up, fold, or walk away now? You could get all the capital investment you needed to finish the job with that level of sales commits.

At worst someone would buy him out and make the cars. If that played out, I don’t know where that would put preorder deposit people.

I'll take a swing at your question, just something to think about that is entirely possible.

I have faith he will bring some production cars to market, hopefully all of them. In that period, what happens when the first 1,000 cars start throwing rods through the side of the block or transmissions break, or any other catastrophic failure that is entirely possible(I understand there has been testing, but not as much testing as the big names in the industry and they still have major issues and recalls). What will RG do at that point? What happens when the remaining 15,000 orders back out because of said issues?

I don't wish any of that on him, but it's all possible.

 

[LargeOrangeFont]

I guess that is a good point. They more than likely would have folded already than begin manufacturing because I'm sure they have ran their numbers and it must be green on the final end.



Got it. That makes sense. I could only imagine the lawsuits if they were to fold and not return the deposits

Again, I think your questions are fair ones.

The only real question now is timing. Will these start showing up in 60-90 days or will it get dragged out longer.

 

[JLG614]

Again, I think your questions are fair ones.

The only real question now is timing. Will these start showing up in 60-90 days or will it get dragged out longer.

Agreed, time will tell on the delivery dates

 

[rivermobster]

My one single question to all of that is how do you NOT finish and deliver at this point when you have $500M (16k+ units) in orders?

2 years ago, sure what you outlined could have been a real possibility.

Who would give up, fold, or walk away now? You could get all the capital investment you needed to finish the job with that level of sales commits.

At worst someone would buy him out and make the cars. If that played out, I don’t know where that would put preorder deposit people.

Truthfully?

I think he absolutely will deliver a product. He pretty much has to at this point.

Will it be as good as him and everyone else thinks it will be? That is entirely possible, but also highly unlikely.

I don't seriously think it's a scam, but I do Seriously think it will be the next DeLorean, eventually.(time will tell on that)

Could someone buy him out? Has that been his plan the whole time?

None of us know those answers.

But one thing for sure...

RG has definitely raised the bar for everyone else out there. Competition is Always a good thing.

 

[LargeOrangeFont]

I don’t think it’s a matter of not making the car, cause he seems to be doing so.
I think the question is, where are they being produced. He said the other night during the walk around the facility, assembly line has started.
Does that mean the cars are being assembled now in “China” and no longer Texas?
And if so is that how’s he’s saving himself from losing money, by now taking the cheaper route instead of the Texas facility(which I’m sure will be used eventually).
It’s been said before production will be in Texas, but from his latest videos, that doesn’t seem to be the case anymore.

They are talking about an AZ facility to assemble the cars sooner rather than later.

I don't think anyone really cares where they are assembled if they get here when they are supposed to. We will see where the customer cars are actually assembled. I'm still going with Texas for now. I don't know if it makes a lot of sense shipping these complete cars in from China, as they all come assembled with all your options preinstalled. Its not like they are in a crate and assembled at the dealer in Havasu or wherever.

 

[dirtslinger2]

I don’t think it’s a matter of not making the car, cause he seems to be doing so.
I think the question is, where are they being produced. He said the other night during the walk around the facility, assembly line has started.
Does that mean the cars are being assembled now in “China” and no longer Texas?
And if so is that how’s he’s saving himself from losing money, by now taking the cheaper route instead of the Texas facility(which I’m sure will be used eventually).
It’s been said before production will be in Texas, but from his latest videos, that doesn’t seem to be the case anymore.

I'm an early ticket holder (125), and I've thinking this for the last week or so. I think maybe they figured out they could get the first cars out faster and cheaper having them built at the Hisun motors main factory. It truly doesn't matter to me where it's assembled, and if I think optimistically, if my early car is being built/assembled right now, while Robby is there, I may get a car thats been personally QC'd by Robby, vs. Speed relying on the QC in China while he and the team are at home.

 

[LargeOrangeFont]

I'll take a swing at your question, just something to think about that is entirely possible.

I have faith he will bring some production cars to market, hopefully all of them. In that period, what happens when the first 1,000 cars start throwing rods through the side of the block or transmissions break, or any other catastrophic failure that is entirely possible(I understand there has been testing, but not as much testing as the big names in the industry and they still have major issues and recalls). What will RG do at that point? What happens when the remaining 15,000 orders back out because of said issues?

I don't wish any of that on him, but it's all possible.

That is 100% possible, and that is part of the risk getting in early. Speed can't afford from a PR perspective to have a big problem like that, especially while setting up the dealer network. I don't see the 12K dealer orders backing out per se, they will just wait until the issue is resolved and get their cars to sell. Just like Polaris does with Stop Sell or Stop Ride orders.

The engine has been out for over 2 years, so we are getting to the point where we can't have it both ways. Either the cars are late, and they have continued to test them and make improvements, or the cars are late because Speed is going to screw everyone, has not made any changes and the car will underperform or fail. Of course Option C is Speed is just going to never make a car and screw everyone, but we seem to be beyond that.

I personally believe it is the former

 

[DLC]

We still need 2 pages of posts!

Anyone have a question?

Why did RG pick the orange color?
What not lime green or Blue….
Or
All white

Anyone ….

 

[DLC]

Building cars in china and shipping them over seems to be a nightmare…

How many cars fit in a 40 footer box ?
6 or 8
To wide to go side by side
To long to go sideways well maybe sideways if the keep the rear end loose

Call it 10 cars and what’s a container cost to ship?

 

[Bpracing1127]

Building cars in china and shipping them over seems to be a nightmare…

How many cars fit in a 40 footer box ?
6 or 8
To wide to go side by side
To long to go sideways well maybe sideways if the keep the rear end loose

Call it 10 cars and what’s a container cost to ship?

6 cars in a container with wheels and tires on. Shipping cost from China to LB, 20k a container.

 

[702sandman]

People are starting to back off on buying things like SXS’s right now and toy haulers etc. that might make a big impact on cancelled sales. I’m wondering if these first ones are built and assembled in china will they end up having to pay the tarrifs That were imposed ? The timing has been horrible for RG for sure. He missed the perfect time by 2-3 years

 

[LargeOrangeFont]

6 cars in a container with wheels and tires on. Shipping cost from China to LB, 20k a container.

That makes little sense to me, but who knows.

 

[Bpracing1127]

That makes little sense to me, but who knows.

45’ container

90” wide at the door.
Internal 91”
44’4” long

Sxs is 77” wide and 161” long.

Putting them in sideways is 6.9 cars. Well it’s whole numbers so 6 cars it is. Hence the wheels and tires comments


Cost getting that from when I shipped batteries from China to LB

 

[WhatExit?]

40’ containers; they have about 39’ usable inside

 

[merc_400r]

My one single question to all of that is how do you NOT finish and deliver at this point when you have $500M (16k+ units) in orders?

2 years ago, sure what you outlined could have been a real possibility.

Who would give up, fold, or walk away now? You could get all the capital investment you needed to finish the job with that level of sales commits.

At worst someone would buy him out and make the cars. If that played out, I don’t know where that would put preorder deposit people.

Look up these car companies. All looked promising like speedutv on paper but never went the distance for various reasons. A lot of them were trying to fill a niche market, kinda like speed. And remember RG hasn't produced a single customer car yet. He is only in the beginning, wait till people start actually using the cars, and we will see if they live up to the hype. Now this is only car companies, the list for off-road stuff is even longer.

Elio Motors​

Faraday Future​

Fisker Automotive​

FBS​

Lordstown Motors​

Vector​

Dyson​

Byton​

Venturi​

 

[NicPaus]

45’ container

90” wide at the door.
Internal 91”
44’4” long

Sxs is 77” wide and 161” long.

Putting them in sideways is 6.9 cars. Well it’s whole numbers so 6 cars it is. Hence the wheels and tires comments


Cost getting that from when I shipped batteries from China to LB

I have a 45' high cube. It fits 2 6 seater golf carts and my 6 seater Can Am Defender . Have a 2' shelf in back and 2' to spare. I would say 6 if you remove the cage and put a divider for the top 3 to sit on.

 

[Heylam]

You would not finish or deliver at this point if you were about to lose money on every one of those 16K units. It is possible, given delays and massive cost increases it is no longer a profitable business.

However, demand in the off road space remains strong, so one would think they would try to pass the cost increases on to the consumer before throwing in the towel. This is a start up, so who knows.

You fold up and close the doors, if you’ve used all available funds and can’t make payroll, can’t pay lease, utilities, etc.

 

[LargeOrangeFont]

Look up these car companies. All looked promising like speedutv on paper but never went the distance for various reasons. A lot of them were trying to fill a niche market, kinda like speed. And remember RG hasn't produced a single customer car yet. He is only in the beginning, wait till people start actually using the cars, and we will see if they live up to the hype. Now this is only car companies, the list for off-road stuff is even longer.

Elio Motors​

Faraday Future​

Fisker Automotive​

FBS​

Lordstown Motors​

Vector​

Dyson​

Byton​

Venturi​

Since all of these electric car companies are “Like Speed UTV on paper” I’m assuming they all started with 16k orders and $500m in commits before they even made a customer car.

Exception there is Fisker (the new version for 2022) which is now back with the same car as 10 years ago.

Since we are talking about car companies “Like Speed UTV on paper” Tesla only sold 2450 roadsters worldwide, at a cost of around $100k per unit. That is $245m in sales of that vehicle.

I don’t think I need to do the math for you, but Speed has double that in commits and has not delivered a single car. .

Any of the car companies you listed would kill to have that pipeline. It’s a lot cheaper an easier to develop a UTV than a electric car.

 

[Groper]

Things are happening, final review of orders are being finalized, I just confirmed my order.
LOF and I will be having a SPEED UTV reception party tbd when we take delivery and yes all you haters are welcome to attend except BL will only be available for those guys.
And don't even think about peeing on the tires

 

[Racer56]

Robby and Todd are being backed by a multi billionaire Chinese business man. They aren't in need of any money to see this through and making money on the first few thousand units isn't a priority. They are in this for the long term and have the backing to build a real brand.

 

[LargeOrangeFont]

Robby and Todd are being backed by a multi billionaire Chinese business man. They aren't in need of any money to see this through and making money on the first few thousand units isn't a priority. They are in this for the long term and have the backing to build a real brand.

But Tucker was a failed car company, you should look it up.

 

[Todd Mohr]

Hold that tiger, hold that tiger...... The car of tomorrow, today

 

[RiverDave]

So how much do ya think I can make on the first speed car I have ordered?

It looks like the price has gone up 11k since I put my first deposit down.. it’s fully loaded with 14k in accessories all the stuff I’d add to a car if I was to keep it. (Point in fact the other two are loaded the same).

If this thing shows up in September number 113 I was thinking 18 over the new MSRP? Ya think that shooting to high?

If I get it than that basically gives me one of them for free minus the upgrade money.. second one is number 323

I have been watching and dealers are selling can ams with bolt one for 85-90k and getting it.. . That’s recently.

RD

 

[hallett21]

Anyone want to make a serious bet that these won’t be delivered by Christmas? 500-1,000+?

I’ll take the other side

 

[EPL]

So how much do ya think I can make on the first speed car I have ordered?

It looks like the price has gone up 11k since I put my first deposit down.. it’s fully loaded with 14k in accessories all the stuff I’d add to a car if I was to keep it. (Point in fact the other two are loaded the same).

If this thing shows up in September number 113 I was thinking 18 over the new MSRP? Ya think that shooting to high?

I have been watching and dealers are selling can ams with bolt one for 85-90k and getting it.. . That’s recently.

RD

Maybe not on the price , but getting it by September is another story !!

 

[riverroyal]

How is could the NOT be successful?
Well theres a chance it has a catastrophic defect. We dont know what it could be. Speed doesnt know.
Polaris' catch fire. Can ams fold the front ends. This after a decade delivering utvs
Difference is they could absorb those failures and lawsuits. Can a start up?
We should know in 365 days. After rookie ivan stewarts play hold my beer

 

[LargeOrangeFont]

So how much do ya think I can make on the first speed car I have ordered?

It looks like the price has gone up 11k since I put my first deposit down.. it’s fully loaded with 14k in accessories all the stuff I’d add to a car if I was to keep it. (Point in fact the other two are loaded the same).

If this thing shows up in September number 113 I was thinking 18 over the new MSRP? Ya think that shooting to high?

If I get it than that basically gives me one of them for free minus the upgrade money.. second one is number 323

I have been watching and dealers are selling can ams with bolt one for 85-90k and getting it.. . That’s recently.

RD

Hi Carl.

Funny how everyone dismisses that fact.

I’m thinking $56-$58k for my first one with a radio/ intercom setup (custom) and 9” GPS. Keep it registered in AZ and it will be a used car for the new owner with no tax, and cheaper out the door for them than getting a stock one at MSRP from a dealer.
Puts me a couple grand out of pocket for my 2nd one when I sell my RZR.

 

[LargeOrangeFont]

Anyone want to make a serious bet that these won’t be delivered by Christmas? 500-1,000+?

I’ll take the other side

I’m down for a wager I’ll have my car by Xmas… $1000.

 

[hallett21]

I’m down for a wager I’ll have my car by Xmas… $1000.

I want your side of the bet lol.

This is the 3rd or 4th time I’ve offered it. Naysayers always get quiet when I offer it lol.

I’ve got no skin in the game, but I’m trying

 

[LargeOrangeFont]

I want your side of the bet lol.

I know. I don’t think anyone will step up at this point. No one really stepped up before.

I owe @riverroyal a ride and beers from last year still

 

[LargeOrangeFont]

How is could the NOT be successful?
Well theres a chance it has a catastrophic defect. We dont know what it could be. Speed doesnt know.
Polaris' catch fire. Can ams fold the front ends. This after a decade delivering utvs
Difference is they could absorb those failures and lawsuits. Can a start up?
We should know in 365 days. After rookie ivan stewarts play hold my beer

All the cars suck in one way or another. They all have little problems. If they have a catastrophic failure, that is what the warranty is for. That is why I never wanted it in the summer. I don’t want to burn up warranty on a new platform car sitting untested in the garage. I want to get it and start putting miles on it.

 

[Singleton]

I’m down for a wager I’ll have my car by Xmas… $1000.

What slot do you have?
RD at 131 has a chance depending on where final assembly is occurring and what parts are stateside.
Zero china tariffs on completed SXS, but SXS parts have a huge tariff.

 

[Danger Dave]

Nothing to do with the thread but I wanted to contribute.

https://twitter.com/i/web/status/1552200004802002944

 

[LargeOrangeFont]

What slot do you have?
RD at 131 has a chance depending on where final assembly is occurring and what parts are stateside.
Zero china tariffs on completed SXS, but SXS parts have a huge tariff.

497, and 1010. My first build is in the mid 300s I believe. Second is in the high 700s. You understand they aren’t building these 1, 2, 10, or 50 at a time right? I don’t think we are gonna see the first 4000 in one straight shot, but it will be several hundred at a time.. it isn’t worth assembly line production any other way.

 

[Singleton]

497, and 1010. My first build is in the mid 300s I believe. Second is in the high 700s. You understand they aren’t building these 1, 2, 10, or 50 at a time right? I don’t think we are gonna see the first 4000 in one straight shot, but it will be several hundred at a time.. it isn’t worth assembly line production any other way.

They get built one at a time, just like any mfg line. 100 cars don’t finish all at the same time .

IMO, they get shipped stateside in large quantities as a base model and then Texas or TBD finishes with accessories and upgrades to avoid the tariff on SXS parts vs completed cars. Only so many cars fit on a trailer, so delivery to customers will most likely be 10-20 a days (low estimate) once the line is running full speed stateside. If delivery starts in Sept 1, my guess is 497 is in Havasu ready for you to pick up mid November.

 

[Bpracing1127]

They get built one at a time, just like any mfg line. 100 cars don’t finish all at the same time .

IMO, they get shipped stateside in large quantities as a base model and then Texas or TBD finishes with accessories and upgrades to avoid the tariff on SXS parts vs completed cars. Only so many cars fit on a trailer, so delivery to customers will most likely be 10-20 a days (low estimate) once the line is running full speed stateside. If delivery starts in Sept 1, my guess is 497 is in Havasu ready for you to pick up mid November.

Sep 1 is 30 days away or so. No way a car is being delivered by then

 

[Bpracing1127]

So how much do ya think I can make on the first speed car I have ordered?

It looks like the price has gone up 11k since I put my first deposit down.. it’s fully loaded with 14k in accessories all the stuff I’d add to a car if I was to keep it. (Point in fact the other two are loaded the same).

If this thing shows up in September number 113 I was thinking 18 over the new MSRP? Ya think that shooting to high?

If I get it than that basically gives me one of them for free minus the upgrade money.. second one is number 323

I have been watching and dealers are selling can ams with bolt one for 85-90k and getting it.. . That’s recently.

RD

No way people are paying 85-90k for a can am. I don’t believe it.

Best I can see is 60-65k (assuming still play car) full race car yes easily 100k (full tube chassis)

 

[LargeOrangeFont]

No way people are paying 85-90k for a can am. I don’t believe it.

Best I can see is 60-65k (assuming still play car) full race car yes easily 100k (full tube chassis)

There will be $50k Xp41ks at the sand show in 6 weeks, just like there were last year.

I know 3 people that spent about $80k on built Turbo S 4 seaters last year.

He’s talking professionally built cars.

 

[Singleton]

Sep 1 is 30 days away or so. No way a car is being delivered by then

No one knows how close they are. My gut says Sept 1 is aggressive, but who knows at this point. I think apx 20 deliveries to real customers take place at SSSS Sept 16-18, then Havasu deliveries start Oct 1 is more realistic.

 

[Bpracing1127]

I got $100 bucks that says no car is delivered to a customer sand show

 

[LargeOrangeFont]

Sep 1 is 30 days away or so. No way a car is being delivered by then

Who said Sept 1?

 

[LargeOrangeFont]

No one knows how close they are. My gut says Sept 1 is aggressive, but who knows at this point. I think apx 20 deliveries to real customers take place at SSSS Sept 16-18, then Havasu deliveries start Oct 1 is more realistic.

We will know more when they start calling and asking for money

 

[JUSTWANNARACE]

People are still talking about this

 

[Singleton]

We will know more when they start calling and asking for money

They have 30 days once they take final payment to deliver. I don‘t see them risking that.
I see the following - Once car is in Havasu you have X days to pay and take delivery or your spot goes bye bye.

 

[HNL2LHC]

I got $100 bucks that says no car is delivered to a customer sand show

Weren’t we talking about bolts filling gaps in welding at the sand show last year And the production was just around the corner once all bugs worked out of assembly? :cornfused:

 

[LargeOrangeFont]

They have 30 days once they take final payment to deliver. I don‘t see them risking that.
I see the following - Once car is in Havasu you have X days to pay and take delivery or your spot goes bye bye.

The car may not even make it on the truck from TX if it isn’t paid for… but there will be plenty of people to scoop up cars that weren’t able to be purchased, so who knows.

Recall they are planning weekend events and large owner deliver parties when they actually start delivering. I don’t think they are gonna do this 10 at a time at first.

 

[LargeOrangeFont]

Weren’t we talking about bolts filling gaps in welding at the sand show last year And the production was just around the corner once all bugs worked out of assembly? :cornfused:

The bugs are now worked out of assembly

 

[Blackmagic94]

Honestly RG is his own worst enemy. The weekly updates don’t help him. He should just stay dark till a car is ready. It would be way less drama.

 

[LargeOrangeFont]

Honestly RG is his own worst enemy. The weekly updates don’t help him. He should just stay dark till a car is ready. It would be way less drama.

The only drama is from the people that don’t have cars on order. Everyone with an order wants the complete opposite and likes the updates on progress.

 

[HNL2LHC]

The bugs are now worked out of assembly

So how long until the cars are getting out of production? Waiting for the none Speed cars value to plummet and the wife give me the check book one more time. LOL. by the way did I tell you about the most recent purchase?