Though the Lucid Air nominally starts around $87,400, that model isn’t yet available, so it’s very easy to get into six-figure territory. These two sedans operate in the stratosphere of the EV pricing spectrum. Meanwhile, a Tesla Model S Plaid on the optional 21-inch wheels managed 345 miles in the same test, just short of its 348-mile EPA rating. In Edmunds’ real-world range test, a Lucid Air Dream Edition Range model traveled 505 miles of its advertised 520 miles. The most that the Tesla offers is 405 miles, which is still generous but trails even the entry-level Lucid at 451 miles. The top-of-the-line Dream Edition boasts a bladder-busting 520-mile EPA range on a single charge. The Lucid Air’s biggest claim to fame is its exceptional driving range. So, which is the better electric luxury flagship, the Tesla or the Lucid? The car experts at Edmunds compared these two long-distance EVs to find out. The 2022 Lucid Air is an all-electric luxury sedan that can compete with the Model S in some areas and surpass it in others. There’s a newcomer giving the Model S a run for its money, and it comes from a fellow startup. CNN Sans ™ & © 2016 Cable News Network.The Tesla Model S has enjoyed a nearly 10-year head start on the premium electric sedan competition, but the gap is beginning to close. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account It said that the number of orders it has for its cars has risen to 37,000, from the 30,000 backlog in orders at the end of last year. Overall Lucid reported an adjusted net loss of $555.3 million, which was better than the forecast of a loss of $619 million from analysts surveyed by Refinitiv, and better than its $604.6 million loss in the first quarter. While other automakers have indeed temporarily shut down production lines due to chip shortages, they have often kept factories humming by removing certain features like heated seats.
“Quality must take a priority over volume as a luxury brand,” said Lucid CEO Peter Rawlinson in a call with investors Wednesday afternoon. It said that during the just completed quarter it held back shipments of a “significant number” of cars “to ensure that these cars met the highest standard of quality.” The company said it was able to ship 1,400 cars during the first half of this year. But its supply chain issues caused it to totally shut production at times during the quarter, as well as scale back its production target to 6,000 to 7,000 vehicles this year, down from its previously stated goal of 12,000 to 14,000 vehicle. The company said it is dealing with the serious supply chain problems that have disrupted other automakers’ production as well. Shares of luxury electric car maker Lucid plunged more than 10% Thursday after the company disclosed it will make roughly half the cars this year it had planned to build.
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