8/30/2023 0 Comments Lucid air mass production![]() ![]() ![]() ![]() Lucid Air is designed for mass, mass production.' The flashy Dream Edition. Tesla has emerged as a fast-growing and extremely profitable car company. Lucid Air unveiled its luxury electric sedan with long range and a high price tag, available from 2021. The leap from prototype to mass production has been difficult for other start-ups, too. Lucid successfully delivered custom-configured models of the Lucid Air Dream Edition. Ines is a senior business reporter for Yahoo Finance. Lucid’s first car, the 169,000 Lucid Air Dream Edition sedan. Ben Collins, Top Gear’s original ‘The Stig,’ was behind the wheel, and he completed the hill climb in just 50. Yahoo Finance reached out to Lucid and did not receive a reply at the time of this publication. The Lucid Air Grand Touring Performance debuted at the 2022 Goodwood Festival of Speed and became the fastest production car in the Hillclimb Timed Shootout at the event. Last year, Lucid shares declined more than 80%, underperforming the broader market. Lucid is up 86% since the beginning of January amid a broader rally in EV stocks. It is no secret that Lucid has been struggling through a difficult production ramp since rolling the first Lucid Air luxury electric sedans off the. The Air starts at 77,400, without including the federal EV tax credit. The analyst notes LCID was only producing vehicles at a rate of about 38 units per day, "which is nowhere near achieving mass production." By comparison, Tesla’s ( TSLA) Q4 production rate was 4,779 units/day. Production will occur at a plant the company built southeast of Phoenix in Casa Grande, Arizona. "If the Saudis buy the remainder of the company, we think they would likely invest more heavily in fixing the operational issues which have constrained its production growth and it likely provides a greater degree of viability for the company over the long-term," said Nelson. The PIF already owns 65% of Lucid, which produced 7,180 vehicles in 2022. Lucid Air production in Q2 2023 amounted to 2,173 cars, which is 204 percent more than a year ago. ![]()
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