It plans to employ up to 2,000 people at the plant and produce as many as 130,000 cars per year when at peak capacity.įor now, those interested in buying the Lucid Air can configure one of four models on the Lucid Motors website. At the time, it also announced plans for a manufacturing site in Casa Grande, Arizona. The rebranding was part of its plans to build an all-electric vehicle of its own. It wasn’t until 2016 that the company changed its name to Lucid Motors. Initially, it was focused on building batteries and powertrains for existing vehicle manufacturers.
The company was founded in 2007, but at that time it was known as Atieva. Lucid Motors is an electric vehicle manufacturer based in Newark, California. This Lucid Motors stock prediction will take that question on and look at the good and the bad of investing in this new automaker. Given that Lucid is still in the very early stages of its life as an automaker, you might be wondering whether you should consider investing. So it’s possible Lucid could follow suit. But after that, Tesla released cheaper models.
That said, the first vehicle Tesla (Nsadaq: TSLA) released was the Model S, which starts at $84,490 today. Not only does the Lucid Air look great it promises a range of more than 500 miles.īefore you get too excited, though, the Air is a high-end vehicle that will start at $69,900. For now, the car is only available to reserve, but prototypes of the “Tesla killer” can be found in plenty of YouTube videos.
First off, Lucid Motors (Nasdaq: LCID) has been turning heads with its up-and-coming luxury electric vehicle, the Lucid Air. Before getting into the heart of this Lucid Motors stock prediction, there is some electrifying news to report.