Lucid Motors mentioned that its Air Pure RWD might be obtainable for order instantly at a value level of $77,400.
On Thursday, October 5, Lucid Group Inc (NASDAQ: LCID) launched a less expensive model of its Air electrical luxurious sedan, in a transfer to stoke demand.
Lucid has introduced the introduction of a single-motor, rear-wheel-drive variant of its Air Pure sedan, priced at $77,400, boasting a formidable vary of 410 miles. This marks a $5,000 discount from its prior most reasonably priced providing, the dual-motor all-wheel-drive Air Pure, which stays within the lineup. Lucid mentioned that the brand new single-motor Air Pure might be obtainable for order instantly.
Following the event, the inventory value of Lucid got here crashing down. Throughout Thursday’s buying and selling session, the Lucid (LCID) inventory tanked by greater than 7%.
Lucid Motors inventory has skilled a decline of greater than 24% for the reason that begin of 2023, as of Thursday’s closing. This decline has been attributed to persistent uncertainties surrounding the demand for the Lucid Air.
Regardless of receiving favorable opinions and boasting the longest vary amongst electrical automobiles within the U.S., the Air’s excessive price ticket has turn out to be a rising concern. This concern has intensified as client lending charges have elevated, and rivals, together with electrical car chief Tesla, have considerably diminished their costs in current months.
The New Lucid Air Pure RWD Output
The Lucid Air Pure RWD provides an influence output of 430 horsepower and accelerates from 0–60 mph in 4.5 seconds, in distinction to the 480 horsepower and three.8 seconds 0–60 mph acceleration of the AWD model. Importantly, the Pure RWD achieves this with out sacrificing its vary. Whereas the EPA formally estimates the RWD’s vary at a barely larger 419 miles, Lucid prefers to rely by itself, barely decrease calculation.
Lucid has launched the Pure RWD to spherical out its Air lineup, which already consists of the Touring, Grand Touring, Grand Touring Efficiency, and the high-end Sapphire mannequin, priced at $249,000. The Sapphire mannequin boasts a exceptional 1,234 horsepower, accelerates from 0–60 mph in simply 1.89 seconds, and provides a spread of 427 miles.
The Air Pure RWD options an unique, compact battery pack designed particularly for this mannequin, offering elevated legroom for passengers within the rear seats. In response to Lucid spokesperson Emma Lattanzio, the Lucid Air Pure RWD helps fast 250kW DC charging speeds and is supplied with an 88 kWh battery consisting of 16 modules. This configuration permits the Air Pure RWD so as to add as much as 150 miles of vary in beneath 12 minutes at appropriate charging stations.
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