I have included more detailed information about the Lucid Electric Car Company below for those who are interested. The Lucid EV cars have big money backing them ($14 Billion) and are manufactured in Arizona. They are designed by former Tesla Engineers including the Engineer who led the Tesla Model S Team.
I spotted this one in a parking garage. They are supposedly a high quality vehicle meant to out compete the Tesla for Range and Quality. We’ll see how that goes. For now you can get on the waiting list to purchase and they start around $80,000 right on up to $250,000 for a model that is billed as the most powerful and fastest EV made. This Lucid Air looked pretty cool in person so I decided to share it here on UntamedAustin™
I am including a rear view of this car at the bottom of this post with the license plate blurred to ptotect the privacy of the owner who is clearly an individual who does not understand the weak sauce his beloved Florida Gators are bringing to College Football each year. Putting a Florida Gator License Plate Holder around a Texas License Plate is College Football Blasphemy.
Lucid Electric Car Exists because of Former Tesla Employees
Formation of the Company
Lucid Motors was founded in 2007 by Bernard Tse and Sam Weng, who were both former executives at Tesla. The company was initially focused on developing battery technology, but it later pivoted to developing electric vehicles.
CEO
Peter Rawlinson is the CEO of Lucid Motors. Rawlinson was previously the Chief Engineer of the Tesla Model S, and he is credited with helping to make the Model S one of the most successful electric vehicles on the market.
Relationship to Tesla
Lucid Motors is often seen as a competitor to Tesla, but the two companies have a complex relationship. Lucid Motors was founded by former Tesla executives, and it uses some of the same battery technology as Tesla. However, Lucid Motors is also trying to differentiate itself from Tesla by focusing on luxury and performance.
Where the Parts are Made
Lucid Motors sources its parts from a variety of suppliers around the world. The company’s battery packs are made by LG Chem, and its motors are made by Magna Steyr. Lucid Motors also has its own manufacturing facility in Casa Grande, Arizona.
Battery Pack Specifications
The Lucid Air Dream Edition has a battery pack with a capacity of 118 kWh. The battery pack weighs 563 kg, and it uses a lithium-ion chemistry.
Production and Sales
Lucid Motors began production of the Lucid Air in 2021. The company has produced a few thousand vehicles so far, and it expects to produce more than 20,000 vehicles in 2023. Lucid Motors has not released sales figures for the Lucid Air, but the company has said that it has received more than 25,000 reservations for the vehicle.
Warranty
Lucid Motors offers a 8-year/100,000-mile warranty on its battery packs and electric motors. The company also offers a 4-year/50,000-mile warranty on its other components.
Cost of Ownership
The cost of ownership of a Lucid Air is likely to be higher than the cost of ownership of a Tesla Model S. This is because the Lucid Air is a more expensive vehicle, and it uses more expensive materials. However, the Lucid Air also has a longer range and better performance than the Tesla Model S.
Reliability
Lucid Motors is a relatively new company, so there is not a lot of data on the reliability of its vehicles. However, the company has said that it has taken steps to ensure the reliability of its vehicles, such as using over-the-air updates to fix software bugs.
How to Order
Customers can order a Lucid Air on the company’s website. The company has a wait list for the Lucid Air, and customers can expect to wait several months for their vehicle to be delivered.
Delivery Time
Lucid Motors is currently delivering the Lucid Air to customers in North America. The company expects to begin delivering the Lucid Air to customers in Europe and Asia in 2023.
Dealers
Lucid Motors does not have a traditional dealer network. Instead, the company sells its vehicles directly to customers through its website and through a network of authorized retailers.
Resale Value
It is too early to say what the resale value of a Lucid Air will be. However, the company has said that it expects the Lucid Air to have a high resale value due to its luxury and performance credentials.
Additional Information
- Lucid Motors is developing a second electric vehicle, the Lucid Gravity SUV. The Gravity is expected to be released in 2023.
- Lucid Motors has raised over $14 billion in funding from investors such as Saudi Arabia’s Public Investment Fund and Fidelity Investments.
- Lucid Motors is targeting a production capacity of 500,000 vehicles per year by 2028.
Overall, Lucid Motors is a promising electric vehicle company with a number of advantages over its competitors. The company has a strong team of executives, it is using cutting-edge technology, and it has a large war chest of cash. However, Lucid Motors is still a relatively new company, and it remains to be seen whether it can execute on its ambitious plans.
