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In 2022, the Lucid Air won Motortrend's Car of the Year. And in 2023, it won the World Car Award's Luxury Car of the Year for its industry-leading range and design. The trouble is, the company has ...
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.
Assuming Lucid successfully ramps up its deliveries of the Air and Gravity, analysts expect its revenue to more than double to $1.74 billion in 2025, then jump 74% to $3.03 billion in 2026.
Mainstream automakers live in a capital-intensive industry that dictates lower-margin business. This is why, historically, Detroit automakers have made their money with larger SUVs and trucks.
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] In April 2023, the company began delivering a blacked-out or dark-trimmed 'Stealth' Air to customers, following its introduction in August. [60] Also in April 2023, Lucid Air won the 2023 World Luxury Car of the Year award ...
Lucid Group (NASDAQ: LCID) is making waves in the luxury electric vehicle (EV) market with an impressive driving range that sets it apart from competitors. After peaking at $57.75 per share in ...
Lucid's stock soared to a post-merger high of $55.52 on Nov. 16, 2021, and boosted its market cap to $91.4 billion. That was 150 times the revenue it would generate in 2022.
The Lucid Air, an electric luxury sedan with thrilling performance, has impressed critics since its debut. But high prices and a market turn away from sedans has limited its sales. Image source ...