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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%. [59] Lucid Air was named Motor Trend’s 2022 Car of the Year, being the first time a brand new car model won the award. [60]
The Lucid Air is a battery electric 4-door luxury sedan made by Lucid Motors. The car was announced in December 2016 and sold starting in 2021. The Dream Edition's EPA range is estimated at 520 mi (840 km), the longest on the market as of 2024. [1] [4] The production model was unveiled in September 2020, and production began in late 2021. [5] [6]
While the data is good to see, cost efficiencies may come as a surprise to investors since Lucid lost $790 million in the second quarter, or nearly $330,000 per unit delivered in Q2.
Looking ahead, analysts expect Lucid to grow sales by 118% in 2025 following the launch of its Gravity SUV. Tesla, meanwhile, is expected to grow sales by just 16.6%, while Rivian's sales are ...
The high prices keep Lucid's vehicles out of reach for most buyers, and the luxurious vehicles are expensive to make. Lucid's net loss in 2024 was $2.7 billion, only slightly improved from a loss ...
Image source: Lucid Group. Falling short of production isn't unusual for automotive start-ups, but making 9,000 vehicles annually after manufacturing began in 2021 is far from impressive.
At this year’s Monterey Car Week, electric vehicle maker Lucid was quietly creating some buzz with its EVs, recent price changes, and upcoming SUV.
Lucid Group (NASDAQ: LCID) stock got a 3% lift through 10 a.m. ET Friday after the company announced this morning that its new Lucid Gravity Grand Touring luxury electric car is available to order ...