Lucid is going to put its best foot forward when it comes to reviews. Of course, the Lucid Air vehicles that were loaned to Car and Driver, Consumer Reports and other reviewers were completely ship-shape with no production issues. Lucid is riding a wave of good publicity now, and no wonder. Just do a web search for “Tesla problems” and you’ll get more than 80 million results covering everything from battery issues to faulty suspension to broken parts. Those kind of reviews really turn heads, particularly considering that Tesla’s production failures have been all over the internet. InvestorPlace’s Louis Navellier has a great rundown, including glowing reviews by MotorTrend, Car and Driver and Consumer Reports. Buyers who may want a Tesla but balk at the price may be more inclined to try the Lucid Air.Īnd then there’s the reviews. The Air’s cheaper price is a key selling point for Lucid, considering that Tesla is the biggest name out there in electric vehicles and sports a market capitalization of more than $1 trillion. In comparison, Tesla’s (NASDAQ: TSLA) Model S has a top range of 412 miles, and its base model sells for $91,190. It boasts a starting price of $77,400 with a top range of 520 miles. Lucid’s Really Good Monthįirst, let’s take a look at the Lucid Air. But now that the company has a product on the ground, things are going to be a little different for the Saudi-owned, California-based company.Īnd only time will tell if Lucid can really carve a profitable niche in the EV space or if it will be overlooked and overrun by bigger competitors. In all, it’s a good time to be a holder of Lucid stock.
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