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The electric vehicle (EV) market is uncertain right now, with the potential for federal EV tax credits to be canceled and some consumers choosing hybrids over electric cars. If you want to ...
Lucid's challenges are bigger than Tesla's Like most EV makers, Lucid's challenge isn't just selling more vehicles; it's making a profit on the vehicles it sells.
The CEO of Tesla rival Lucid had a scathing assessment of the EV market in the US. ... the average price of a new electric vehicle in the US in September was $56,000, compared to $48,397 for ...
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On May 5, 2022, Lucid announced that it was raising prices of the variants of its luxury Air sedan, beginning June 1, 2022. The price hikes were expected to push the base price of the Air sedan up as much as 13%. [58] Lucid Air was named Motor Trend’s 2022 Car of the Year, being the first time a brand new car model won the award. [59]
Model Y ASPs rose 5% from January 2024, and Model 3 prices rose 30%. Lucid throws shade on Tesla. Impressive numbers for Tesla investors -- but it's not the only company bragging.
When normalized for the mass of the drive unit, Lucid's drive unit costs approached the cheapest, which was Competitor A ($1,791 vs. $1,653). Though unsaid, Competitor A is most likely Tesla.
That may not be as good as the $2.3 billion Tesla generated in the first three quarters of 2023, but it's still a lot better than its rivals, illustrating the benefits Tesla continues to reap from ...