The new Air Pure RWD gets Lucid’s smallest battery to date, but it still offers up to 410 miles of range and can hit 60 mph in just 4.5 seconds
Samsung’s 255-inch screen can show designers cars at a 1:1 scale, helping them iterate faster and saving the company money
The plant is Saudi Arabia’s first automotive manufacturing facility and its location isn’t surprising as Lucid is effectively a Saudi-owned company
Tesla owners are mostly very loyal, but not all stick with the same model or brand when it’s time for a new car
Lucid’s CEO says the new model will be targeted “right at the heart of Tesla Model 3, Model Y territory”
Peter Rawlinson’s compensation was only topped by the CEO of Nvidia
Lucid recently cut prices of the all-electric Air sedan by up to $12,400
Final specs of Lucid’s Plaid rival confirm a 1,234 hp output but you could buy two Plaids and still have change
Lucid ended Q2 with a liquidity of $6.25 billion, which it says is enough to fund it into 2025
The Lucid Air has been recalled due to a power module inverter issue, faulty windshield wipers, and a rear-view camera problem
The entry-level Lucid Air is now available for $82,400 while the Grand Touring drops from $138,000 to $125,600
EV startups are haemorrhaging cash, which has been compounded by Tesla’s multiple price cuts throughout 2023
The Saudi Arabian government has already committed to buying 50,000 EVs from Lucid over the next decade
The company hasn’t revealed when they’ll launch their smaller EVs, which will target a $50k starting price
Peter Rawlinson did acknowledge that Lucid will likely switch to Tesla’s charging port in the future
Expect more Lucid tech to be licensed in the near future, as the company eyes a move downmarket to supply cheaper mass offerings
Lucid’s contract with Aston Martin is worth over $450 million and will lead to multiple EV models
EV startups are struggling with initial quality, and the innovative tech they have pushed the industry to adopt is leading to widespread issues