Lucid hikes prices, still struggles with production
Lucid's call with investors today revealed two important bits of news about the company. Let's start with the bad news and then go to the worse news. Lucid has produced 700 cars in the first quarter of this year.
That's January to March, three full months, and it's not a typo - we mean 700, not 700,000 or anything like that. Of those, it managed to deliver 360 cars to customers. That's ridiculous, plain and simple. And yet, there's "hope" - in April alone it managed to deliver a whopping 300 vehicles from its plant in Arizona. At this rate, Lucid will fulfill all of its 30,000 reservations in eight years.
But wait, there's also a very much expected and seemingly inevitable price hike! Following in the footsteps of, well, every other EV maker, Lucid has decided to finally take the plunge and make its vehicles even more expensive. If only it could also
make make them...
Anyway, if you want to order a
Lucid Air Grand Touring, it's going to cost you $154,000 (up from $139,000). The
Air Touring is now $107,400 (up from $95,000), and the
Air Pure is $87,400 (up from $80,000). Thankfully, the most expensive of the bunch, the Lucid Air Grand Touring Performance, has miraculously seen its $179,000 price tag remain unchanged.
While its cars get even more expensive, it can't make any significant number of them.
www.arenaev.com