Adding every option takes the price over $100,000.
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#Lucid car price software
Like Tesla, Lucid plans to offer periodic over-the-air software updates to add features to its cars.įrom there, Lucid will offer options like 315-mile and 400-mile battery configurations, the aforementioned 1,000-hp all-wheel drive powertrain, active suspension, a glass roof, and rear “executive” seats that recline up to 55 degrees. Other standard features on the base Air will include power seats, four display screens (including three touchscreens), 19-inch wheels, a 10-speaker audio system, and 10 airbags.
![lucid car price lucid car price](https://i2.cdn.turner.com/money/dam/assets/170419191250-lucid-electric-car-4-1280x720.jpg)
The Tesla also costs about $10,000 more.īase models will be equipped with “all hardware necessary for autonomous driving,” according to Lucid. That’s not as spectacular as 1,000 or 400 miles, but the range figure is at least a bit of an improvement over the base Tesla Model S 60’s 210 miles. It has 400 hp, and a 240-mile range, Lucid says. With that savings come some more down-to-earth performance figures.ĭual-motor all-wheel drive will be available on certain versions of the Air, but the base model is rear-wheel drive only. That’s after the $7,500 federal tax credit for electric cars is applied, so the true base price is an even $60,000. While a fully optioned Air will cost more than $100,000, the base model will start at $52,500, Lucid confirmed on Wednesday. But apparently, those figures only apply to the high-end version. The Lucid Air electric luxury sedan debuted last year with a claimed maximum range of 400 miles, 1,000 horsepower, and a rumored price tag in the six-figure range. That facility will eventually build the Lucid Gravity SUV, which is slated to begin production in the first half of 2024. aims for an annual production capacity of 30,000 EVs a year. Lucid’s current factory located in Casa Grande, Arizona. The partnership goes beyond a financial one however, as earlier this year Lucid announced it would be building a factory in Saudi Arabia, with a planned annual capacity of 155,000 EVs a year. Saudi Arabia’s Public Investment Fund remains the compnay's biggest investor in Lucid with a 62% stake. This figure does not include the 100,000 vehicles ordered by the government of Saudi Arabia, which will be delivered over the next ten years.
![lucid car price lucid car price](https://www.thedetroitbureau.com/wp-content/uploads/2020/08/Lucid-Air-side.jpg)
Shares were down as much as 11% in after hours trading.Īs for the Lucid Air, the company’s only current model in production, Lucid disclosed 37,000 reservations for the all-electric sedan, up from the 30,000 it reported last quarter. The company lost an adjusted $0.33 per share, narrower than the $0.34 loss analysts had been expecting. Revenue in the second quarter totaled $97.3 million, less than the $147.05 million Wall Street analysts had expected. Lucid delivered 679 vehicles in the second quarter and has produced 1,405 vehicles so far this year. "We've identified the primary bottlenecks, and we are taking appropriate measures – bringing our logistics operations in-house, adding key hires to the executive team, and restructuring our logistics and manufacturing organization.
![lucid car price lucid car price](https://mensgear.net/wp-content/uploads/2020/08/Lucid-Air.png)
"Our revised production guidance reflects the extraordinary supply chain and logistics challenges we encountered," said Peter Rawlinson, Lucid's CEO and CTO. The company cut its production outlook for 2022 for the second time in as many quarters, now forecasting it will make 6,000-7,000 cars this year, down from its prior guidance of 12,000-14,000.Īt the beginning of the year, the company had expected it would make up to 20,000 cars this year. Lucid Group ( LCID) shares crashed in after hours trading on on Wednesday following the release of the electric vehicle (EV) maker's second quarter report.