Do you think Lucid will make cheap cars?

[John2023]

As we all know, Tesla has been dominating the electric car market with their impressive lineup of vehicles. The Model 3, in particular, has been one of their most successful models, offering customers a more affordable option compared to their previous models. However, with the rise of competitors like Lucid Motors, who are also producing high-quality electric cars, the competition is getting tougher.

Although Lucid Motors is an emerging company in the electric car market, they have already made a name for themselves with their luxurious and high-end electric vehicles. However, one issue that customers have with Lucid is their high price point. Lucid's cars are still too expensive for the average consumer, making them less accessible than Tesla's Model 3.

Despite the competition, Tesla is not sitting idly by. The company is currently in the process of developing a new, more affordable car: the Model 2. With this new model, Tesla hopes to appeal to a wider range of customers who may not be able to afford their current models. The Model 2 is expected to be even more affordable than the Model 3, making it a more attractive option for budget-conscious consumers.

In conclusion, while Lucid Motors may be making waves in the electric car market, the company's high price point is preventing them from gaining a larger share of the market. Tesla, on the other hand, is working tirelessly to make their vehicles more affordable and accessible, and the upcoming Model 2 is a testament to that. It will be interesting to see how these two companies will continue to compete in the electric car market in the coming years.

Honestly , I am not even caring about price for lucid at this time. If Lucid can simply make a car that can run 50,000 miles without a failure that will be great first step

 

[hydbob]

Honestly , I am not even caring about price for lucid at this time. If Lucid can simply make a car that can run 50,000 miles without a failure that will be great first step

They have already, it's called the Air.

 

[Daniel2022AT]

I sincerely hope Lucid remains a premium brand with premium product, premium style, premium technology, and premium engineering, plus premium service, at premium prices. They should absolutely not go below $60-65k or risk losing the brand equity they created. No need to become the Ford Model A of the EV era and besides, Tesla has already gone down market with cost considerations ruling all. Henry Ford would have loved Elon Musk.

 

[Bobby]

I sincerely hope Lucid remains a premium brand with premium product, premium style, premium technology, and premium engineering, plus premium service, at premium prices. They should absolutely not go below $60-65k or risk losing the brand equity they created. No need to become the Ford Model A of the EV era and besides, Tesla has already gone down market with cost considerations ruling all. Henry Ford would have loved Elon Musk.

They have already announced a vehicle with a lower price point. We should see it in 2026, if all goes according to plan.

 

[Daniel2022AT]

They have already announced a vehicle with a lower price point. We should see it in 2026, if all goes according to plan.

2026 is fully 2 years away. Maybe they will reconsider price points and strategy.

 

[MJAir23TheGoat]

I sincerely hope Lucid remains a premium brand with premium product, premium style, premium technology, and premium engineering, plus premium service, at premium prices. They should absolutely not go below $60-65k or risk losing the brand equity they created. No need to become the Ford Model A of the EV era and besides, Tesla has already gone down market with cost considerations ruling all. Henry Ford would have loved q

Already lost some premium cred with the price reductions offering 30-40K off. You can stay premium with a sub 100K car and
If trying to be relevant/profit in the EV game they can mass produce a successful 50 to 60 K car.

 

[Daniel2022AT]

Profit is maximized generally speaking at higher prices. Lucid is not maximizing profit but trying to stay relevant in the marketplace amidst a very narrow product line and high interest rates.