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Last week Lucid slashed the price of its Air Touring model to $87,500 from $95,000, its Air Pure model to $74,900 from $82,000, and its higher-end Air Grand Touring to $115,000 from $125,000.
Shares of Lucid Group (NASDAQ: LCID) shot higher by more than 10% this morning after the company released its fourth-quarter electric vehicle (EV) delivery results. The 10 stocks that made the cut ...
Lucid expects to produce only about 9,000 Air EVs this year, but it hopes with a starting price below $80,000, the SUV will be what it needs to hit mass production.
It has remained low volume as the price range begins at about $70,000 and goes up to $250,000. Lucid needs sales volumes to increase substantially to have any chance at long-term success.
In fact, with Lucid hitting three consecutive quarterly records for deliveries, the company has now let consumers take the wheel of over 7,100 Lucid EVs in 2024, already easily topping the company ...
Earlier on Monday Lucid cut the manufacturer's suggested retail price (MSRP) of its base model Air Pure sedan by $5,000, bringing the starting price to $82,400 from $87,400. Lucid also cut prices ...
Why Lucid Motors Stock Jumped Today. ... November 7, 2024 at 10:54 AM. Shares of electric vehicle (EV) maker Lucid Group (NASDAQ ... the Gravity Grand Touring is a luxury EV with a luxury price ...
Lucid ended the quarterly period with about $4.3 billion of total liquidity, though. With the new investment on top of that, Lucid now has some time to try to drive a successful launch of the Gravity.