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Another thought I’ve just had is that once the federal tax credit expires on October 1, 2025, there will not be any barrier to raising the price of the Touring above $80,000, which I fully expect Lucid will do. So, perhaps, they don’t need to switch to Touring while they are production...

Now that the BBB had passed and is being signed by Trump today (July 4, 2025), there are fewer than 90 days left before the $7,500 federal tax credit on EVs is discontinued on October 1, 2025. This would be a great time for Lucid to prioritize the Touring trim that should come right under...