I disagree. As someone coming from a Taycan Turbo S with an MSRP of $205k, the Lucid Air GT seems like a steal. It's very similarly equipped compared to my Taycan, actually better in many ways. It has over the air updates, much better range, 800hp versus 616hp (750hp for 2 seconds under launch control), a lot more room, and better materials. The Taycan has Porsche driving dynamics, and superior brakes, but not much else. For the price of an Air GT you are actually looking at a mid level Taycan 4S, which is much less competitive.
When compared to the EQS, the Air GT has the AMG level of performance. The AMG version will be similarly priced, or even more expensive, but still lack the range of the Air GT. Yes the EQS is probably more "luxurious" in the traditional sense, and has a more futuristic interior, but as stated in one of the other threads, I much prefer the Scandinavian interior design of the Air. The Air GT probably has superior driving dynamics compared to the Mercedes.
When compared to a Tesla Model S Plaid, again the Lucid has much better range, and is a couple steps up in terms of luxury and interior design. It may not be quite as fast as the Model S Plaid, but 800hp is getting beyond the needs for most people. The Tesla also feels a generation old at this point. Honestly I would argue that the Model S should be much more like the Lucid Air today. It would have been a better design direction for Tesla.
Overall I don't think there is much that competes with the Air GT in terms of price at the moment. Granted any of these cars will depreciate like a brick in a normal used car market. Who knows what resale values will look like for the next 12-24 months. But once supply chain pressure is released, I expect the Lucid to hold its own in terms of price, and resale value.