EXCLUSIVE: As Lucid Gears Up To Take On Tesla's Model X, Analysts Lay Out The Problems With Luxury EV Startup's Elon Musk-Inspired Approach

Quick Summary:

The mass market offering will start at around $48,000, a price point close to Tesla’s top-selling Model 3 and Model Y, Lucid CEO Peter Rawlinson said during the company’s first-quarter earnings call.

The company is gearing up to start production of its Gravity SUV, which it believes to be better than rival Tesla Inc.’s premium Model X SUV, later this year.

Lucid’s Loss-Making Streak: For the first quarter of this year, Lucid reported a loss of $117,975 per delivery, not including overhead costs.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesSaudi Arabia

Topics: EVs Benzinga Equities Analyst Color Lucid Air News Brian Moody Tom Narayan Top Stories LCID Electric vehicles Sean Tucker Tech Mobility Markets Stories That Matter Peter Rawlinson

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-12 @ 06:23:19 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1001 words

Reading Time: 6 minutes read

Sentences: 39 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21581914

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