Headline is misleading, this is what came out of a different article from Lucid.
Cost lower, expand bigger. Lucid insists the initial midsize model's bill of materials is on “an entirely different planet” relative to today – roughly half the cost of some U.S. rivals' segment-level Bill of Materials (BOM), with components lower in count than the new Tesla Model Y, the company asserts.
Components in lower count than Model Y, but other segment (ahem Ford, BMW). It will probably do the 6 mi/kwh and be able to do 350 miles EPA with a 60 kwhr pack.